http://blogs.wsj.com/economics/2008/10/29/many-homeowners-think-theyre-immune-to-price-declines/
http://online.wsj.com/article/SB122533157015082889.html
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My thoughts on global capital market movements with a US-based focus.
Blog Archive
About Me
- Market Movements
- I am a Level 2 Candidate in the CFA program enrolled for the June 2009 test.
Recommended Books
The Four Pillars of Investing - William Bernstein
Reminiscences of a Stock Operator - Edwin Lefevre
The Intelligent Investor - Benjamin Graham
One up on Wall Street - Peter Lynch
The Birth of Plenty - William Bernstein
Reminiscences of a Stock Operator - Edwin Lefevre
The Intelligent Investor - Benjamin Graham
One up on Wall Street - Peter Lynch
The Birth of Plenty - William Bernstein
Thoughts
Has there been a long term upward trending of price multiples over the past centuries? Look into this. Perhaps due to a) more optimistic investors b) More money invested chasing around fewer profits c) Some other reason
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