Many experienced investors, especially those with a sound understanding of economics, have been perp...
Many experienced investors, especially those with a sound understanding of economics, have been perplexed by both actual and relative price trends in recent years. Fortunately a number of popular misconceptions concerning macro and microeconomic behaviour are now being exposed. These can be summarised in the five following points which can be taken separately, although they are in many ways interrelated. The first point concerns the marked difference in attitudes towards large companies versus smaller ones. Institutional investors have been convinced that large companies earn a high retur...
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