----- Original Message -----
Sent: Tuesday, October 10, 2000 9:49
PM
Subject: Re: Re: Re: Re: [sharechat] P/E
Ratios
David:
I was wondering if you were, in a non to subtle way,
suggesting that amateurs desist from even attempting to understand analysis.
Maybe pass a law that states all persons not in possession of a PhD in Higher
Finance be banned from trading. You're not a fund manager are
you?
I don't know if you intended to take a crappy cheap shot at
those amateurs who have been contributing some interesting stuff recently. Can
I be permitted to restate a point. Analysis is not only quantitative but
should be highly qualitative also. No one factor is the ultimate indicator of
a company's superior or inferior economic status, especially the infamous PE
Ratio. Every indicator isolated is just that, a solitary indicator and I agree
with you that far to much analysis can be centered around PEs.
However the particular thread of conversation which I
believe you are alluding to, is attempting to identify a core of fundamental
(albeit amateurish) analytical criteria, both qualitative and quantitative,
and by default help people to establish some sound investment
discipline.
This forum, unless I am mistaken, is all about exchanging
ideas, philosophies, news and comments but with an ultimate goal of
enlightenment.
So lets enlighten and not slash and burn.
Cheers
Brian
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