Buying High P/E Stocks: Was Benjamin Graham Wrong?

The 'Price-to-Earnings' Ratio is perhaps the most commonly used Valuation tool in Stock Markets around the world. The concept was popularized by Benjamin Graham of 'The Intelligent Investor' fame. The general notion was that 'Low P/E' stocks produced better returns in the long run. But is that really the case?

Numbers and Narratives: A Simple Discounted Cash Flow (DCF) Model for Equity Valuation

I still remember the day I got into Equity Valuation. It was a drowsy Saturday afternoon and I was browsing through YouTube videos on Finance. I had been feeling quite annoyed with myself, because I was not making use of my free-time productively. You can imagine how difficult that must have been.