Contrary to what some of its adherents imply, PE10 will not see you dive effortlessly in and out of the market like a seagull stealing chips. But it’s a useful tool nonetheless.
The Investor
Being a well-known grouch in everyday life, I frequently surprise myself with my optimism when writing Monevator, and this plan to mine asteroids sounds exciting to me.
Analysts, journalists and private investors often talk about the market being cheap or expensive on a P/E basis. What do they mean?