IYM Presentation
Thanks to everyone who attended the It's Your Money event... hopefully you found it elucidating and a bit entertaining... and thanks to Julia for organizing and pulling off a very important and successful event. Stay tuned for more in depth posts describing the various principles from the slide show in more detail... And I stand firm with my assessment that you can manage your investments in about 3 hours a quarter after you get some initial "driver's training" first.
SRM
Sunday, March 15, 2009
Thursday, March 5, 2009
Tuesday, March 3, 2009
"Stocks Finally Starting To Look Affordable"
David Leonhardt at Economix writes:
At long last, stocks are beginning to look cheap.
With today’s declines, the long-term price-earnings ratio of the Standard & Poor 500-stock index is down to about 12.3. Over the past century, this ratio has averaged about 16. So relative to corporate profits, the stock market now appears to be undervalued by about 30 percent.
At long last, stocks are beginning to look cheap.
With today’s declines, the long-term price-earnings ratio of the Standard & Poor 500-stock index is down to about 12.3. Over the past century, this ratio has averaged about 16. So relative to corporate profits, the stock market now appears to be undervalued by about 30 percent.
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