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Re: [sharechat] rational, sane investing vs the NASDAQ

From:	jesse <johne777@hotmail.com>
Date:	Sat, 23 Dec 2000 07:21:42 +1300

Hi Hugh
why would you pick NZ to invest in every time? Long term returns right?
Dow returns from '85 to now in 5 year steps (beginning jan1) were 135%,
37% (includes 2 recessions) and 194%....index was at 1198 in '85, 2810,
3857 and at 11357 Jan 1 2000.
Nasdaq 87%, 61%, 455%...make that last one 142% if you like Nasdaq at
1800 fair value.
How do these compare with NZ40 gross?
Low p/e's can also mean a lack of growth.
Buffetts Berkshire has a p/e 44 (BRK.a) and 54 (BRK.b) while something
like coke (KO) sits at 74.
j


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