If the as-reported P/E ratios were even remotely reliable
November 14, 2018
“If the as-reported P/E ratios were even remotely reliable for investing, why do we witness HIGHEST P/Es in 2001 and 2009, exactly when we should have been BUYING stocks? The problem with the P/E is not the ‘P.’ The problem is the ‘E.’” – Joel Litman
