Is it Market Timing to Avoid S&P at P/E of 23?
[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 …