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KnightTrader1 replied to the Berkshire Hathaway board. 7:37 PM

Re: OT: P/E matters, with a twist

I took a quick look at the paper. It seems to me to be a combination of the well-known short term reversal effect - in this case stocks that have declined bouncing back up - and positive earnings surprise. If you look at table 4 you'll see the [more]

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