The above is a chart of the earnings ratios of an Indian company (INFY) during the tech stock bubble. Being a graph of earnings ratios, all other things being equal (i.e. unless the company truly did have phenomenal growth prospects which then reversed) you might expect the trend to be fairly flat.
John's theory was that if he played often enough and for long enough he would be sure to win eventually. It hasn’t happened yet, but as the ‘Voice of the Balls’ (or was it just the ‘Voice of Balls’?) used to say…”It COULD be YOU!”
*Harry - if Brisbane's house prices fall by 85% I promise I will take it all back.