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How the world sees Greece
Tuesday, April 22, 2014
Value means buying the ugly ducklings, not the darlings
Who liked Ireland in late-2008/early-2009, when it traded on one of the lowest Cape ratios ever seen anywhere? What about Greece in mid-2012? Or Russia in 2014? In all such cases, says Faber, the headlines are negative; the fundamentals look awful; ...
