If you change the title to "Earnings Don’t Matter Much for Stock Returns ON THE SHORT TERM", then we completely agree. But the fact that you're using P/E ratio and acknowledge that it's on average 15x over a century you are actually acknowledging that THEY DO CORRELATE ON THE LONG RUN. Please be reasonable.
If you change the title to "Earnings Don’t Matter Much for Stock Returns ON THE SHORT TERM", then we completely agree. But the fact that you're using P/E ratio and acknowledge that it's on average 15x over a century you are actually acknowledging that THEY DO CORRELATE ON THE LONG RUN. Please be reasonable.