T hese days most people are not interested in owning businesses; a basic premise Benjamin Graham argued for successful investing. Forget business, the "me too" crowd has coveted earnings per share for entertainment per share. That earnings is missing from the denominator (CMP/EPS = PE), and as a result, what we see today is a price-to-entertainment ratio (PE). Jokes apart, stock market is not for entertainment. Stock market is too costly affair for the entertainment, instead, If you are looking for excitement, go to any casino, horse racing. Chasing to buy next winner, buying hot stocks, playing momentum, trying to make quick money might entertain you but would serve no other meaningful purpose. Paul Samuelson once wrote - "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." Keynesian Beauty Contest Benjamin Graham used the analo...