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发帖数: 30533 | 1 ☆─────────────────────────────────────☆
starwood (四大伍德) 于 (Fri Oct 24 21:44:28 2008) 提到:
this is quoted from his third quarter letter from GMO:
summary: S&P 500 fair value: 975. bottom: 600-800 in next two years.
"How Low Is Low?
We have a pretty good fi x on fair values. For the S&P
500 we believe it is about 975 ±25. This is calculated,
as always, by the simple technique of assuming that at
fair price we will have a normal P/E ratio, and that profi t
margins will also be normal. We also s |
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