The 25 times earning multiple is extreme. Yet it’s held this price for almost 3 months indicating a level of comfort for investors to hold at such a sky high valuation. I think this is significant as it would represent a major attitude shift in the countries investment community. For decades the general rule of thumb is around 15 times earnings is reasonable for a bank. Yet in the last year this sentiment has been binned in favour of a willingness to buy at a 25 times ea...

So true. Buffett said he lost nothing in the CGF because he never sold. The reverse rings true for those who fail to cash on in the price rise. You dont lock in the capital appreciation until you actually sell.
It cannot be denied. CBA EPS has been static for 10 years. The EPS result 8 years ago is better than the most recent one.
For whatever reason, there is an appetitive for investors to accept such low returns. The divided yield is lower than the rate of inflation. So in real terms, buyers a...