Thank you for the article. As Warren Buffett said: "In our opinion, the two approaches (value and growth) are joined at the hip: Growth is always a component in the calculation of value, constituting a variable whose importance can range from negligible to enormous and whose impact can be negative as well as positive."

I have one question. Is it reasonable to assume a PEG ratio of 1x for the market as historic mean or median? Like PE 15x for the S&P 500? Thanks