said something interesting about P/E and Price to sales ratios but I missed part of it what was it exactly about buying stocks with high P/E or price to sales ratio rather than low ratios?
I was listening with half an ear so I might be wrong but something to the effect that In certain stocks you want to buy when P/E's are high and not when they are low. Something about the cycle is about to turn down when P/E's are low. Also said something about rather look at the price to sales ratio. Wasn't listening closely sorry