The Intelligent Investor, Rev. Ed (Collins Business Essentials)
1½ times net asset value. Price no more than 15 times average earnings of the past three years. We make no predictions
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
No matter how many other people want to buy a stock, you should buy only if the stock is a cheap way to own a desirable business.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
If the investor is to rely chiefly on the advice of others in handling his funds, then either he must limit himself and his advisers strictly to standard, conservative, and even unimaginative forms of investment, or he must have an unusually intimate and favorable knowledge of the person who is going to direct his funds into other channels.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
The chief criterion used for corporate bonds is the number of times that total interest charges have been covered by available earnings for some years in the past.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
From the company’s current assets, subtract its total liabilities, including any preferred stock and long-term debt.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
Selling into a bear market can make sense if it creates a tax windfall.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
individual securities. Aside from forecasting
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
Some helpful online sources of information on buying stocks directly include www.dripcentral.com, www.netstock direct.com (an affiliate of Sharebuilder), and www.stockpower.com.