Re: Historic valuation
Posted: Tue Oct 27, 2015 7:56 pm
Good points. I hate to say it, but brokers were all bucket shops before FDR got elected and formed the SEC. Investing for the masses truly did not exist until 1934.
He's overlooking that human emotions are the same now as back then, though. That is what moves markets, not valuation.
He's overlooking that human emotions are the same now as back then, though. That is what moves markets, not valuation.