“History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy. As we have seen with high-expectation companies that have negative surprises, the best companies can be terribly overpriced and can be drastically reappraised.” —David Dreman
Links - 10/11/2022
Links - 10/11/2022
Links - 10/11/2022
“History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy. As we have seen with high-expectation companies that have negative surprises, the best companies can be terribly overpriced and can be drastically reappraised.” —David Dreman