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If investing were as simple as looking at the P/E, all P/Es would already be at 15-20, wouldn't they?
by lxgr 2y ago
If investing were as simple as looking at the P/E, all P/Es would already be at 15-20, wouldn't they?
- flowerlad 2y agoNot saying it is as simple as looking at P/E
- lxgr 2y agoMy point is that you have to make the case for anything being over/undervalued. The null hypothesis is that the market has correctly valued it, after all.
- omgwtfbyobbq 2y agoIn the long run, probably yes, but a particular stock is less likely to be accurately value in the short run.