▼
Friday, 30 January 2015

Financial Efficiency - Is the stockholders' money (capital) working in forms most suitable to their interest.

›
Concept of Financial Efficiency A company's management may run the business well and yet not give the outside stockholders the right r...
Tuesday, 27 January 2015

Portfolio Policy for the Enterprising Investor (Benjamin Graham)

›
The activities characteristics of the enterprising investor may be classified under four heads: 1.   Buying in low market and selling in h...

Lower oil prices and slowing global growth outside the US.

›
No changes in GDP growth upgrade following plunging oil prices: Merrill Lynch BY  RUPA DAMODARAN  - 23 JANUARY 2015 @ 11:25 PM ...
Monday, 26 January 2015

Approach to Convertible Issues

›
An illustration on convertible issue The fine balance between what is given and what is withheld in a standard-type convertible issue i...
Sunday, 25 January 2015

Most security buyers obtain advice without paying for it specifically. You and your financial advisors..

›
Most security buyers obtain advice without paying for it specifically. They should be wary of all persons, whether customers' brokers ...

The relationship between the investment banker and the investor

›
Investment Bankers The term "investment banker" is applied to a firm which engages to an important extent in originating, underw...
Wednesday, 21 January 2015

The preferred stocks to own - Growth Stocks at suitable prices. Do not overpay to own them.

›
The stock of a  growing  company, if purchasable at a  suitable price , is obviously  preferable to others. The choice between the attract...
Tuesday, 20 January 2015

Formula Timing - Buying in low markets and selling in high markets. No simple and fool-proof formula. Select a ins and outs formula timing plan that is simple and convenient .

›
Let's look at the possibilities and limitations of a policy of entering the market when it is depressed and selling out in the advan...
Monday, 19 January 2015

Timing is of no value, unless it coincides with pricing, enabling repurchase at substantially under previous selling price.

›
The investor can scarcely take seriously the innumerable predictions which appear almost daily and are his for the asking. Yet in many c...

A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability.

›
One thing badly needed by investors - and a quality they rarely seem to have - is a sense of financial history.  In nine companies out of te...

Judged by past history, you always had a chance to buy them back at substantially lower levels at some time later.

›
Another encouraging element for the preceptor is found in the strong warp of continuity that seems to underlie the pattern of financial chan...
Sunday, 18 January 2015

### Attractive Buying Opportunities arise through a Variety of Causes

›
Attractive buying opportunities for the enterprising investor arise through a variety of causes. The standard or recurrent reasons are...

Special Situation is where a Definite Corporate Event creates undervalued security in which profits is expected to be realised.

›
A particular kind of undervalued security in which the profit is expected to be realized from a definite corporate event, rather than from ...
Saturday, 17 January 2015

Concept of "Risk." Market price fluctuation is NOT risk.

›
It is conventional to speak of good bonds as less risky than good preferred stocks and of the latter as less risky than good common stocks. ...

Substantial profits from the purchase of secondary companies at bargain prices arise in a variety of ways

›
If secondary issues tend normally to be undervalued, what reason has the investor to hope that he can profit by such a situation? For if i...
Friday, 16 January 2015

Bargain-issue pattern in Secondary Companies

›
We have defined a secondary company as one which is not a leader in a fairly important industry. Thus, it is usually one of the smaller c...

Purchase of Bargain Issues

›
We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more than it is sell...

Growth Stock Approach

›
Every investor would like to select a list of securities that will do better than the average over a period of years.  A growth stock may b...
Thursday, 15 January 2015

Broader implications of adopting a sound investment policy

›
Investment policy, as it has been developed and taught by Benjamin Graham, depends in the first place upon a choice by the investor of eithe...

Investment in Giant Enterprises. But how successful are they from the standpoint of the investor?

›
Let us take a look at the top listed companies in the stock market with either the highest assets or highest sales.  All of these enterprise...