Money and Finance
- Limitations Of Book Value In Security Analyses
From The Aggressive Conservative Investor (written in 1979, which is good to keep in mind when reading the part with the oil example):To repeat, we do not believe in acquiring securities solely on the basis of the earnings record of a company...
- Graham And Dodd Quote
From Security Analysis, 1940 edition: "It is customary to refer with great respect to the “bloodless verdict of the market place,” as though it represented invariably the composite judgment of countless shrewd, informed and calculating minds....
- Hussman Weekly Market Comment: Are Corporate Balance Sheets Really The Strongest In History?
It is freely accepted by investors as fact that U.S. corporate balance sheets are the stronger than ever before in history. This view is largely driven by the significant amount of cash (checking deposits, savings deposits, money market funds, commercial...
- Hussman Weekly Market Comment: Brief Holiday Update
Given current household leverage from mortgage and consumer debt, coupled with the inability to access mortgage equity withdrawals (that largely fed spending increases during the most recent economic expansion), my concern continues to be that unemployment...
- Mcgraw-hill Professional To Publish 75th Anniversary Edition Of Graham And Dodd's Security Analysis
Benjamin Graham and David L. Dodd's Security Analysis, first published by McGraw-Hill nearly 75 years ago, forever changed the theory and practice of successful investing. Written in the midst of the Great Depression and in the wake of the 1929 stock...
Money and Finance
Graham and Dodd quote (adjusting assets in calculating book value)
From Security Analysis, 1940 edition:
A company’s balance sheet does not convey exact information as to its value in liquidation, but it does supply clues or hints which may prove useful. The first rule in calculating liquidating value is that the liabilities are real but the value of the assets must be questioned. This means that all true liabilities shown on the books must be deducted at their face amount. The value to be ascribed to the assets, however, will vary according to their character. The following schedule indicates fairly well the relative dependability of various types of assets in liquidation.
- Limitations Of Book Value In Security Analyses
From The Aggressive Conservative Investor (written in 1979, which is good to keep in mind when reading the part with the oil example):To repeat, we do not believe in acquiring securities solely on the basis of the earnings record of a company...
- Graham And Dodd Quote
From Security Analysis, 1940 edition: "It is customary to refer with great respect to the “bloodless verdict of the market place,” as though it represented invariably the composite judgment of countless shrewd, informed and calculating minds....
- Hussman Weekly Market Comment: Are Corporate Balance Sheets Really The Strongest In History?
It is freely accepted by investors as fact that U.S. corporate balance sheets are the stronger than ever before in history. This view is largely driven by the significant amount of cash (checking deposits, savings deposits, money market funds, commercial...
- Hussman Weekly Market Comment: Brief Holiday Update
Given current household leverage from mortgage and consumer debt, coupled with the inability to access mortgage equity withdrawals (that largely fed spending increases during the most recent economic expansion), my concern continues to be that unemployment...
- Mcgraw-hill Professional To Publish 75th Anniversary Edition Of Graham And Dodd's Security Analysis
Benjamin Graham and David L. Dodd's Security Analysis, first published by McGraw-Hill nearly 75 years ago, forever changed the theory and practice of successful investing. Written in the midst of the Great Depression and in the wake of the 1929 stock...