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Josh Brown Trifecta : Stocks Prices Are A Proxy For Our Beliefs About The Future
FYI: One of the most aggravating things I’m forced to listen to from time to time is people citing widely available valuation ratios as though their very existence has some sort of meaning for the future price of a particular stock. Such and such company is selling for only 15x earnings, therefore it’s cheap and you should buy it. Regards, Ted http://thereformedbroker.com/2018/05/24/stocks-prices-are-a-proxy-for-our-beliefs-about-the-future/
