There's something in Eliot's--the presentation of Eliot's work and indeed in the work itself that is affronting, resistant, impersonal. And the typography, the presentation of the book is part of that.
There is no graph of the cyclically adjusted price-earnings ratio, another valuation measure, in its presentationbook, although the subject did arise in questions at the conference: David Kostin, a strategist, said Wall Street was slightly above fair value on this measure.
