Title: questionable finance statements
Review: pg 47 "If the earnings yield of a given stock is much higher than Treasury bill interest rates (that is, if the P/E ratio is low), then many investoirs think that the stock constitutes a good investment". hmm... actually NO. This is incorrect. Two stocks with identical E's, but on has a lower P (and therefore lower P/E) means investors view a higher degree of risk in that E being deliverd = they don't think its as good/safe as an investment as the high P/E stock. I stopped after reading this sentence, since this guy doesn't know what he is talking about. He also refers to depreciation as "depreciations" throughout the book!?!?
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