Hugh Johnson
Hugh Johnson
Hugh Johnson OBEis a British author and expert on wine. He is considered the world's best-selling wine writer. His 1961 tasting of a bottle of 1540 Steinwein from the German vineyard Würzburger Stein is considered to potentially be one of the oldest wines to have ever been tasted...
ProfessionNon-Fiction Author
Date of Birth10 March 1939
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It's very hard to make sweeping statements when it comes to technology.
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It's very hard to attribute it to an event or release because there is none. I certainly wouldn't attach any significance to it. The professional money managers aren't doing much. They want to take a clear look at third-quarter earnings.
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It's too speculative. I hope that we get an correction soon, it's unhealthy.
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It's too soon to call it a meaningful trend.
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Shell Oil has made an offer to Barrett, ... I think they're going to have to make a higher offer to buy the company.
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That's a growth stock that is trading at an unusually high price-earnings ratio compared to growth, ... It's being priced as a rather racy e-commerce company. They've done a really good job (of adapting to the Internet) -- that company thinks great, they have a great culture.
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Their (Exxon's) profits were very strong, and December personal income was higher than forecast.
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There's been a great deal of turmoil, ... There's widespread bond market pessimism and at the other side of the equation, there's too much stock market optimism.
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There's fairly widespread anticipation that the economic numbers this week will be solid, though not great, and I think the market is reflecting that.
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There's an old adage on Wall Street: bull markets climb a wall of worry. Needless to say, there are a lot of worries out there.
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It will eventually slow the growth rate of earnings. Therefore you should own companies with low price-earnings ratios, not high price-earnings ratios.
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It will eventually slow the growth rate of earnings,
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They come to me because they want special treatment, ... There is nothing that irritates substantial investors more than paying taxes.
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The market does have a valuation problem. But I don't put much stock in any valuation model, including my own. It's very rational -- it tells you when the stock market is overvalued or undervalued -- but it doesn't work.