this is my first entry in this blogsphere- boy I'm excited.
Just returned this weekend from New York to London, to understand that the publicly trading securities are much higher than our privately held companies here in the UK.
And as I love meat, I love my investments! I don't see a point buying into public companies (industrials) priced at 20 P/E where private placements offer less than half, with a better PE/G on the 2 years horizon.
A correction must take place, I'm betting on the private sector increasing its multipliers, as the exchanges cannot go lower due to inflation knocking at the door. And a big thanks to the Chinese reminding us someone must perform some monetary actions to balance the debt and equity markets.
That's it, I am way past my tee time.