"There’s not much difference between 20 and 25 times earnings. There is between 20 and 60 but between 20 and 25, I’m trying to be too prudent, and miss the big picture. If you find a great company and it doubles its earnings every 5 years, valuation should be flexible. " - Francois Rochon
"There’s not much difference between 20 and 25 times earnings. There is between 20 and 60 but between 20 and 25, I’m trying to be too prudent, and miss the big picture. If you find a great company and it doubles its earnings every 5 years, valuation should be flexible. " - Francois Rochon