A rant about historic valuation comparisons. The first of many links to “The Reformed Broker” Josh Brown.

I started reading Josh Brown’s “The Reformed Broker” blog a couple of years ago. I also attended Citywire Berlin in November 2015 where gave a fantastic presentation. In this article, he attacks the tendency of some analysts to hone in on certain market data without attempting a broader conceptualization of what was actually going on.

LINK