Money and Finance
- A Rule Of Intuition...
From Thinking, Fast and Slow: It is wrong to blame anyone for failing to forecast accurately in an unpredictable world. However, it seems fair to blame professionals for believing they can succeed in an impossible task. Claims for correct intuitions...
- A Negative Art...
From Security Analysis: Sixth Edition:Our primary conception of the bond as a commitment with limited return leads us to another important viewpoint toward bond investment. Since the chief emphasis must be placed on avoidance of loss, bond selection is...
- Graham And Dodd On The ‘relation Of The Future To Investment And Speculation’
“It may be said, with some approximation to the truth, that investment is grounded on the past whereas speculation looks primarily to the future. But this statement is far from complete. Both investment and speculation must meet the test of the future;...
- Graham And Dodd Quote
From Security Analysis, 1940 edition:To sum up this discussion of qualitative and quantitative factors, we may express the dictum that the analyst’s conclusions must always rest upon the figures and upon established tests and standards. These figures...
- 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
From Security Analysis, 1940 edition:
"Analysis is concerned primarily with values which are supported by the facts and not with those which depend largely upon expectations. In this respect the analyst’s approach is diametrically opposed to that of the speculator, meaning thereby one whose success turns upon his ability to forecast or to guess future developments. Needless to say, the analyst must take possible future changes into account, but his primary aim is not so much to profit from them as to guard against them. Broadly speaking, he views the business future as a hazard which his conclusions must encounter rather than as the source of his vindication."
- A Rule Of Intuition...
From Thinking, Fast and Slow: It is wrong to blame anyone for failing to forecast accurately in an unpredictable world. However, it seems fair to blame professionals for believing they can succeed in an impossible task. Claims for correct intuitions...
- A Negative Art...
From Security Analysis: Sixth Edition:Our primary conception of the bond as a commitment with limited return leads us to another important viewpoint toward bond investment. Since the chief emphasis must be placed on avoidance of loss, bond selection is...
- Graham And Dodd On The ‘relation Of The Future To Investment And Speculation’
“It may be said, with some approximation to the truth, that investment is grounded on the past whereas speculation looks primarily to the future. But this statement is far from complete. Both investment and speculation must meet the test of the future;...
- Graham And Dodd Quote
From Security Analysis, 1940 edition:To sum up this discussion of qualitative and quantitative factors, we may express the dictum that the analyst’s conclusions must always rest upon the figures and upon established tests and standards. These figures...
- 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...