There was lots of heat here recently for asking not if, but when and how the downward adjustment in stock multiples will occur. No, they laughed, though they laughed a bit too loud. Of course the bulls will roar this way forever!
Lots of those taken aback were professional investors who ought to know [...]
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Bulls and Bears: Promoting a Sustainble Future in Capitalism
by Ed Ring on May 1, 1998
