#12 The Value Architect
Behind the Balance Sheet
00:00
The Market Is Getting Worse Than It Really Is
It seems to me near ther ol indicators, all signposts are pointing to a very tough environment. We're coming from historically very high margins and returns in capital so you imagine thate there's quite a significant amount of dansite in earnings. But it just puzzles me slightly that some the overall appearance of the market is cheaper than it actually is.
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