But that's not the only potential downside risk. (blackrockblog.com)
Potential downside risk protection makes low price - to - book value stocks attractive. (heartlandadvisors.com)
The essential thing to understand about valuations is that while they are highly reliable measures of prospective long - term market returns (particularly over 10 - 12 year horizons), and of potential downside risk over the completion of any market cycle, valuations are also nearly useless over shorter segments of the market cycle. (hussmanfunds.com)