Trade Like Warren Buffett -James Altucher : [PDF Download]

Summary:

Here on this page, we have provided option to read “Trade Like Warren Buffett -James Altucher PDF” and please feel free to download PDF file for offline reading it from download link Given below to Your Computer/Mobile Storage. For more books from Same Author You can visit Wiley.com.

Trade Like Warren Buffett -James Altucher- Download PDF Book:

“While Warren Buffett is usually considered the “world’s greatest value investor,” he has repeatedly stated that simple indicators— such as P/E ratios, P/Book ratios, and so on—are completely useless.

Despite this, fund managers, investors, and the media, have repeatedly hopped on the price/earnings (P/E) bandwagon when making macro predictions about the direction of the markets.

For instance, a recent book about investing has asserted that the U.S. markets are “in a bubble” because the trailing 12-month ratio of the S&P 500 is 25. Analysts and pundits have also pointed to the 1974 and 1982 bear market bottoms when the market P/E ratio was less than 10.

Assume that the 50-year average P/E ratio is 15 and that the market tends to mean-revert, as asserted by all the people who claim P/E ratios are too high at any given point. I did the following experiment in order to test if Buffett’s claim that P/E ratios are meaningless is true.”

PDF Preview – Read, Think and Grow

REPORT THIS:
Our intention with this initiative is only to help needy people. If the PDF file download link is not working or this PDF Content is Copyright material and if you want to unpublish it, Please REPORT IT.