P/E Ratio Reliability by High Stokely and Ken Stewart
ARTICLE SYNOPSIS ...P/E Ratio Reliability
by Hugh Stokely and Ken Stewart
Alert traders can do well in financial instruments, but short-term trading usually averages out close to
a zero-sum game -- that is, a dollar won tends to come directly out of the pocket of a less alert trader or
investor.
Finding positive-sum games--those in which everyone wins -- can improve the odds. Historically,
growth stocks have provided a ""positive sum"" -- a growing investment pie that rewards the winner of a
trade extremely well but also allows the loser to build investment value over time.
Even in quick-response trading, a case e...
AUTHOR: High Stokely and Ken StewartDATE: OCT 1991