[https://www.youtube.com/shorts/24Vhsf6S\_pE](https://www.youtube.com/shorts/24Vhsf6S_pE)
Howard Marks talking about JPM study showing every time you buy S&P with P/E of 23, your 10 years returns (no exceptions) were between 2% and -2%.
What is the takeaway for those of you people (I’m not one of them) that just DCA into VOO and chill? Do you keep buying? Or would you wait for the P/E to drop?
