On the importance of long-term earnings forecasts
I started my career in finance during the tech bubble of the late 1990s and the subsequent bust in the early 2000s. Back then, one of the hard lessons I learned was that a lot of shenanigans can be justified by assuming high long-term earnings growth. But when that earnings growth doesn’t materialise, share prices can come down a long way even though th…
Keep reading with a 7-day free trial
Subscribe to Klement on Investing to keep reading this post and get 7 days of free access to the full post archives.