Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse. (Timothy Noah)

Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.

Timothy Noah

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assets company day deal earnings future good growth likelihood management relative risk signaling sink stock titanic worse

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