Money and Finance
- Growth At Dirt Cheap Prices (gadcp)
From Modern Security Analysis:In GADCP, there is no emphasis on estimating future flows. Rather it is recognized that growth in common stock prices can come, and frequently does come, from sources other than corporate operations. Growth can come...
- Martin Whitman On Wealthtrack
Link .................... Related book: Modern Security Analysis: Understanding Wall Street Fundamentals ...
- Whitman, Diz On Net-nets
From the book Modern Security Analysis: Understanding Wall Street Fundamentals:Our definition of net nets is taken from Graham and Dodd’s Security Analysis, but with a few twists. Graham and Dodd relied on a GAAP classified balance sheet to definite...
- Whitman, Diz Quotes
From the book Modern Security Analysis: Understanding Wall Street Fundamentals (which you can also view, though not download for free, HERE):The analyst relying on earnings to evaluate a business or a common stock will be helped if he has some appreciation...
- Whitman, Diz Quote
From the book Modern Security Analysis: Understanding Wall Street Fundamentals: "How one views businesses has a profound effect on how one analyzes businesses." ...
Money and Finance
Whitman, Diz quote
From the book Modern Security Analysis: Understanding Wall Street Fundamentals:
To repeat, we do not believe in acquiring securities solely on the basis of the earnings record of a company or on the outlook for its reported earnings. Neither do we think that an investment program based on acquiring securities simply because they are available at large discounts from NAV would necessarily be well advised. Availability at a large discount from book does give a first approximation that a security may be a bargain, or even that it may be attractive according to the fundamental finance approach. But this first approximation ought to be tempered by a more thorough analysis. In order for NAV to be a good indicator of the wealth or future earning power of a business, other factors must be considered as well.
- Growth At Dirt Cheap Prices (gadcp)
From Modern Security Analysis:In GADCP, there is no emphasis on estimating future flows. Rather it is recognized that growth in common stock prices can come, and frequently does come, from sources other than corporate operations. Growth can come...
- Martin Whitman On Wealthtrack
Link .................... Related book: Modern Security Analysis: Understanding Wall Street Fundamentals ...
- Whitman, Diz On Net-nets
From the book Modern Security Analysis: Understanding Wall Street Fundamentals:Our definition of net nets is taken from Graham and Dodd’s Security Analysis, but with a few twists. Graham and Dodd relied on a GAAP classified balance sheet to definite...
- Whitman, Diz Quotes
From the book Modern Security Analysis: Understanding Wall Street Fundamentals (which you can also view, though not download for free, HERE):The analyst relying on earnings to evaluate a business or a common stock will be helped if he has some appreciation...
- Whitman, Diz Quote
From the book Modern Security Analysis: Understanding Wall Street Fundamentals: "How one views businesses has a profound effect on how one analyzes businesses." ...