With very few exceptions, an extremely high PE ratio is a handicap to a stock, in the same way that extra weight in the saddle is a handicap to a racehorse.
- Peter Lynch On Sun, Feb 5, 2012 at 9:52 AM, RAJESH DESAI <[email protected]> wrote: > The risk of paying too high a price for good-quality stocks--while a real > one--is not the chief hazard confronting the average buyer of securities. > Observation over many years has taught us that the chief losses to > investors come from the purchase of low-quality securities at times of > favorable business conditions. > > - Ben Graham > > > -- > CA. Rajesh Desai > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
