A Better P/B

There’s been a lot in the literature about how P/B has lost its mojo.  Here’s OSAM on how to potentially fix that…

Graph and download:

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Downloads

Negative Equity, Veiled Value, and the Erosion of Price-to-Book

Website

http://www.osam.com/Commentary/BlogPost?BlogId=44

Good investing,
Meb Faber
theideafarm.com