“In fact, using entirely reasonable assumptions, you can make the Dow's discounted market value almost anything you want it to be.”

Source: The Four Pillars of Investing (2002), Chapter 2, Measuring The Beast, p. 53.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "In fact, using entirely reasonable assumptions, you can make the Dow's discounted market value almost anything you want…" by William J. Bernstein?
William J. Bernstein photo
William J. Bernstein 29
economist 1948

Related quotes

Ben Carson photo

“By believing we are the product of random acts, we eliminate morality and the basis of ethical behavior. For if there is no such thing as moral authority, you can do anything you want. You make everything relative, and there’s no reason for any of our higher values.”

Ben Carson (1951) 17th and current United States Secretary of Housing and Urban Development; American neurosurgeon

As quoted in "Evolution? No" http://archives.adventistreview.org/2004-1509/story2.html, The Adventist Review (2004)

Roy Blount Jr. photo
Thomas Sowell photo

“It is amazing how many people think that they can answer an argument by attributing bad motives to those who disagree with them. Using this kind of reasoning, you can believe or not believe anything about anything, without having to bother to deal with facts or logic.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

Random Thoughts https://townhall.com/columnists/thomassowell/2004/12/06/random-thoughts-n996213, Townhall, December 2004.
2000s

David Levithan photo
Abraham Lincoln photo
Isaac Asimov photo
Arnold Schoenberg photo

“Market value is irrelevant to intrinsic value. … Unqualified judgment can at most claim to decide the market-value — a value that can be in inverse proportion to the intrinsic value.”

Arnold Schoenberg (1874–1951) Austrian-American composer

"An Artistic Impression" (1909) in Style and Idea (1985), p. 190
before 1930

Daniel Handler photo
Arlo Guthrie photo

“You can get anything you want at Alice's Restaurant
You can get anything you want at Alice's Restaurant
Walk right in, it's around the back
Just a half a mile from the railroad track
You can get anything you want, at Alice's Restaurant”

Arlo Guthrie (1947) American folk singer

The Chorus of the song. The only part that is actually sung in the song. At the end of the performance, after the first line is sung, Arlo will quickly add in the phrase "Excepting Alice."
Alice's Restaurant Massacree

Related topics