DAVID SHAPIRO: Reality connection crucial in managing investors’ money
This year is shaping up to be one in which megacap earnings and valuations start to converge
23 January 2025 - 05:00
One of my favourite cartoons shows a doctor examining a patient and saying: ‘‘I could easily fix your back problem, but then you would have nothing left to complain about.”
I give a similar response to clients who constantly ask whether they’d be better off simply holding the S&P 500 instead of a portfolio of individual stocks. Without any lemons in the mix, there would be nothing for them to throw at me in our meetings. ..
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