“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.

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William J. Bernstein29

economist 1948

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

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William J. Bernstein29

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