Buy At 23x PE? Beware.
8:51–9:23 · 32s
Marks cites a JP Morgan scatter plot showing that buying the S&P 500 at a 23 P/E historically led to 10-year annualized returns between +2% and -2%, with no exceptions.
8:51–9:23 · 32s
Marks cites a JP Morgan scatter plot showing that buying the S&P 500 at a 23 P/E historically led to 10-year annualized returns between +2% and -2%, with no exceptions.
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