JLT is an expensive buy for Marsh & McLennan Companies (MMC) at a valuation of 25x earnings. But you have to pay for quality, and – perhaps above all else – for scarcity.
JLT is an expensive buy for Marsh & McLennan Companies (MMC) at a valuation of 25x earnings. But you have to pay for quality, and – perhaps above all else – for scarcity.