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Letter "A" » Alexander Young Quotes
«If you grow up and have a girlfriend then you know what to do.»
«Our forecast for a 2006 P/E ratio of about 19 is reasonable given the profit outlook. These are not value stocks.»
«That is a low price for [such] high growth.»
«Cyclical sectors are at high valuations, justifying a more defensive stance.»
«The best growth at a reasonable price is to be found in the emerging markets, where you have 15% earnings growth, just like in Japan, but multiples of only 10 or 11. We're expecting another year of double-digit gains in earnings.»

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