2min chapter

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The Compound and Friends

CHAPTER

What Is the More Desirable Investing Environment?

A one year treasury is yielding five basis points, effectively qualit zero. P e multiple for the s p 500 is down by a quarter. Earnings have not fallen apart, but multiples have. You can earn four % on your cash right now. So so let me ask you the question, joy, which is the more desirable investing environment? That one or this one?

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