John Buckingham appeared on the WSJ MoneyBeat with Stephen Grocer, Spencer Jakab, and Chris Dieterich on March 9, 2017. He discusses the 40th anniversary of The Prudent Speculator newsletter, which is March of 1977, and his very own 30th anniversary with the firm. John says that you can’t just look at P/E ratios and must consider interest rates and other factors. Though past performance cannot guarantee future results, historically, rising interest rates have been favorable for value oriented strategies as opposed to growth oriented strategies. He likes inexpensive stocks for many reasons, but one of which is the potential volatility that might ensue in the near term.
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