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Quantum Leap or Quiet Before the Storm

It looks like just a question of time before a quick return to reality.

by Murray Gunn
Updated: July 22, 2021

"The q ratio describes the relationship between an asset's market value and its replacement value. In terms of a business, the q ratio is calculated as effectively its market value divided by its book value. Although it was first introduced by Nicholas Kaldor in 1966, it was popularized during the 1970s by James Tobin and has hence become known as Tobin's q."

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