To call a beautiful woman a “Perfect 10” these days would be considered chauvinistic and outdated.
But my Perfect 10 Portfolio is still looking good.
This is a hypothetical portfolio of stocks, each of which sells for 10 times the company’s earnings per share. Historically, most stocks sell for about 15 times earnings, so a multiple of 10 is a bargain.
In today’s hot market it’s even more of a bargain since the average stock now fetches about
33 times earnings.
Popular stocks have high price/earnings ratios, and unpopular stocks have low ones. I’ve always believed that unpopular stocks are the best road to stock-market gains, even though that belief has been severely tested in the past three years or so.
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