As long as you’re not talking nose-bleedingly stupidly high P/E ratios, a higher P/E ratio for the market is no reason to fear lower returns.
The Investor
Should you splash out on a Ferrari or would you be better laying down a cellar of fine bordeaux wines? Choices choices…
The lure of easy money may be strong, but it’s also a mirage. If you want to make a real difference to your life and wealth, try making a difference in the world…
A meeting with your maker — or The Man, at any rate. Plus the rest of the week’s good reads.