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Archive for June, 2007

Weekend Reading

Last week, I finished reading Hedgehogging by Barton Biggs. It was a fun read for me, with both seedy and glorious stories from inside the exclusive hedge fund world. Always with humor, he delved into the lifestyles, personalities, performance anxiety, and of course financial rewards of several managers. He didn’t use any real […]

I found this story about the S&P 500’s low, low price-earnings ratio quite interesting.  We generally don’t make investment decisions based on macroeconomic factors, but it’s hard not to consider that with historically elevated corporate profit margins, there is some downside risk to the “E” in that ratio.  Regardless, calling today’s market “cheap” because its […]