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How to Calculate the Fair Value of the S&P 500 EPS
From 1871 through 1999, the real EPS growth rate of the market was 1.7%. Now, if there were not bad M&A and not, um, dilution of interests, uh, owners interest by management and, and bad boards, that potential growth rate would be something like 3% over time. So that 1.7% is a fantastic base rate. I mean, you can't just pick numbers out of the air because they feel good. There's so many data out there to, to analyze.