I am reading Aswath Damodaran's "Investment Fables". The first chapter discuss abt investing in stocks with high dividend yield. Dividend yield= Dividend per share/ Current market price. Can dividend income be equated with interest received from...
As described by Aswath Damodaran in his book "Investment Fables", justifications are:
1. Value investors buy low PE stocks
2. A low PE stock is an attractive alternatives to investing in bonds.
3. Stocks that trade at low PE ratios relative to their...