Michael Lewis has a book out on FTX scandal, the cryptocurrency exchange that collapsed. The following Bloomberg Masters in Business podcast is pretty good and goes over many topics.
Investment is one of the best ways to achieve financial freedom.For a beginner there are so many challenges you face.Trading on the Crypto market has really been a life changer for me. I almost gave up on cryptocurrency at some point, until I got a proficient trader Bernie Doran, he gave me all the information required to succeed in trading I invested $1500. and got back $16,500.00 within 7 days of investment. His strategies and signals are the best ,he can also help you recover your lost cryptocurrencies, reach out to him on Gmail: BERNIEDORANSIGNALS@ GMAIL. COM or WhatsApp +14242850682
Right now, DJIA has a P/E of 16.8 and forwand P/E of 15.1, whereas S&P 500 is at 20.1 with forward P/E of 15.8. Source: WSJ market Data If you ignore interest rates and inflation expectations--both of these influence valuations but depends on your macro call-- the market is not cheap. Long-term P/E is around 15. Trailing P/E is around 20% (Dow) to 40% (S&P500) higher than average. Forward P/E is in line with long term average but that assumes a strong V recovery. Consensus forecast is for profits to drop 1.2% in 2020. In 2008, it dropped 25.4% so current forecast is a very mild recession. Covid-19 coronavirus is not going to last more than a few months but these forecasts are still too rosy in my opinion. So I wouldn't rely on forward P/E. The richly valued (mostly tech or high quality) have not fallen much but the distressed ones have. So if you want to outperform in the long run, I think one’s choice right now is to: • Wait for market to fall another, say...
A Young Warren Buffett In a comment to one of my posts , Mark Carter, who incidentally appears to have a good blog worth checking out , asked: "Buffett Prime is 1970's to early 1990's" Could you elaborate? I have vaguely indicated how I view Warren Buffett in the past, but I thought I would detail my view of his investing behaviour. This is more of an opinion piece and many others would disagree with me (if you do, I'm curious to hear your thoughts). I don't follow Warren Buffett as closely as many value investors so I may get some facts wrong. My view is that Warren Buffett went through three different phases, with each consisting of different investment techniques. The overall investment theory remained the same—what people call value investing—but his execution, tactics, and strategy differs across the three phases. Some people may break up his career into additional periods but my feeling is that the three I will describe essentially capt...
John Maynard Keynes Many readers have likely heard of John Maynard Keynes, arguably the most influential economist of the 20th century. Keynes is most famous for debunking the old theories of classical economics and developing a systematic way of analyzing macroeconomics with consideration of politics and philosophy. Yet, I'll bet that only a few readers would know that he was also one of the top investors of all time. Investing wasn't Keynes' main job and he wasn't exactly a money manager so his investing activities aren't widely known.
Investment is one of the best ways to achieve financial freedom.For a beginner there are so many challenges you face.Trading on the Crypto market has really been a life changer for me. I almost gave up on cryptocurrency at some point, until I got a proficient trader Bernie Doran, he gave me all the information required to succeed in trading I invested $1500. and got back $16,500.00 within 7 days of investment. His strategies and signals are the best ,he can also help you recover your lost cryptocurrencies, reach out to him on Gmail: BERNIEDORANSIGNALS@ GMAIL. COM or WhatsApp +14242850682
ReplyDeleteI enjoyed reading your post, very nice share...
ReplyDeleteI enjoyed learning more about the FTX collapse through this insightful podcast.
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