The Intelligent Investor, Rev. Ed (Collins Business Essentials)

Investment Owner’s Contract

income after taxes he would maintain this buying power intact, even against a 3% annual inflation.

The company sows and reaps.

not as a victor but as a victim.

where will) its profits come from?

you build a diversified basket of stocks whose current assets are at least double their current liabilities, and whose long-term debt does not exceed working capital, you should end up with a group of conservatively financed companies with plenty of staying power.

great company at a good price.

operated by trust companies and banks in many states; or, if his funds are substantial, use the services of a recognized investment-counsel firm.

Substantial profits from the purchase of secondary companies at bargain prices arise in a variety of ways. First, the dividend return is relatively high. Second, the reinvested earnings are substantial in relation to the price paid and will ultimately affect the price. In a five-to seven-year period these advantages can bulk quite large in a well-s