Ep 353. Revisiting Geoff’s Singular Diligence Writeups
Focused Compounding
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What's Your Average Earnings Yield?
The easiest way to do this is if you just highlight price to book. The average earnings yield has been fairly low, actually. What it means basically is the stock is probably traded around 12 to 13 times normalized earnings on average for 20 years. If your stock instead, tended to trade at 30 times earnings, then you'd have a real problem sore,. But the bibacks here are very effective.
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