E21 - Can you lose money picking 60% winners?
Business of Betting Podcast
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The Importance of History in Investing
I saw you wrote about it recently about waiting for a, I guess, market correction or whatever the right terminology is. In general, my view is that in the short term, it's very hard to predict what the stock market is going to do. But if we look at the long term, we have a better chance of getting a handle on expected returns and that can drive our investing decisions. So when PEs are high, expected returns tend to be lower, but probably still positive over the long term.
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