Interesting article on P/E Ratios
Here is an interesting article on Graham and Dodd's (Warren Buffet Mentor)P/E ratio philosophy. They argue the ratio should be taken over a longerperiod than the current 12 months. This fits well with Nicholas Taleeb'sphilosophy of being fooled by randomness. Long Term Long Term Long Term. http://www.iht.com/articles/2007/08/14/business/view.php?page=1