Joe Milano Quotes
If you look back at the last five years, from 2001 to 2005, it's pretty much been a disaster in large-cap growth.
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Years | 2001 | 2005 | Pretty | Disaster |
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Add in the fact that these five negative events started when large-cap growth was at historical highs put that together with the valuations, and you can start to explain why it's done so poorly. Multiples have compressed, growth is hard to come by, and people have been averse to risk. When will large cap growth start to work? I think the answer is when we stop having a major negative event every year.
- Joe Milano
