Investing in a Cloudy 2020
It is said that stock prices are slaves of earnings growth. But earnings growth and stock prices have been in disagreement for a long time now. Fair value, or value investing, seems to be getting redefined, as cash is chasing a market that is very shallow as well as narrow. Dominated by institutional money that flows to the large–caps, due to compulsions of being invested, ‘high-quality...
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