the vigilant investor - pat huddleston

... others have done the same thing for the same reason. In choosing stocks for their long-term prospects, the investor s handicaps are basically the same. The possibility of outright error in the ... publicly over the years as has the general market. Allied to the foregoing is the record of the published stock-market predictions of the brokerage houses, for there is s...

Ngày tải lên: 08/03/2014, 02:20

... therein must be assumed by someone.* There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating ... increasingly attractive.” In 1965 the investor could obtain about 4 1 ⁄2% on high-grade tax- able bonds and 3 1 ⁄4% on good tax-free bonds. The dividend return...

Ngày tải lên: 29/04/2014, 12:00

... disappointed. As he waits for the fourth crucial indicator – the one Investor s guide to charting 14 T he art of the chart 1 Fundamental vs technical analysis The common-sense appeal Non-equity investments Selling ... trends alternately in the direction of, or in the opposite direction to, the long-term trend. The reasons why a share price takes half a step backward f...

Ngày tải lên: 03/05/2014, 13:38

Ngày tải lên: 08/05/2014, 10:10

... up such 28 The Intelligent Investor traded stock in America, roughly 6,700 in all; but, since the largest compa- nies account for most of the total value of the index, the return of the Wilshire ... 6. over the years as has the general market. Allied to the foregoing is the record of the published stock-market predictions of the brokerage houses, for there is st...

Ngày tải lên: 28/06/2014, 21:20

... International and Pan-American Copyright Conventions. By payment of the required fees, you have been granted the non-exclusive, non-transferable right to access and read the text of this e -book on- screen. ... 396–97; prediction/qualitative approach to, 364, 364n, 365; protection/quantitative approach to, 347–48, 364, 364n, 365; rules for common stock, 114–15, 117; and secondary comp...

Ngày tải lên: 04/07/2014, 15:20

... 330 COMMENTARY ON CHAPTER 13 339 14 . Stock Selection for the Defensive Investor 347 COMMENTARY ON CHAPTER 14 367 15 . Stock Selection for the Enterprising Investor 376 COMMENTARY ON CHAPTER 15 396 16 . Convertible ... 1 COMMENTARY ON THE INTRODUCTION 12 1. Investment versus Speculation: Results to Be Expected by the Intelligent Investor 18 COMMENTARY ON CHAPT...

Ngày tải lên: 04/07/2014, 15:20

... this book in 1949 the figures were almost the exact opposite: the bonds returned only 2. 66% and the stocks yielded 6. 82% . 2 In previous editions we have consistently urged that at least 25 % of the ... representa- tive common stocks. At the beginning of 19 72 the return was 7.19% on highest-grade bonds versus only 2. 76% on industrial stocks. (This compares with 4...

Ngày tải lên: 04/07/2014, 15:20

... over the years as has the general market. Allied to the foregoing is the record of the published stock-market predictions of the brokerage houses, for there is strong evidence that their calculated forecasts ... for the possibly quite dif- ferent conditions of, say, 19 73 1977. 8 Introduction Commentary on the Introduction 13 Graham will show you how to manage it—and how...

Ngày tải lên: 04/07/2014, 15:20

... increasingly attractive.” In 1965 the investor could obtain about 4 1 ⁄2% on high-grade tax- able bonds and 3 1 4% on good tax-free bonds. The dividend return on leading common stocks (with the DJIA at 892) was only about 3.2%. ... between high-grade bonds and leading common stocks; that the proportion held in bonds be never less than 25% or more than 75%, with the converse...

Ngày tải lên: 04/07/2014, 15:20

... P”) and the Wilshire 50 00 index. The S & P focuses on 50 0 large, well-known compa- nies that make up roughly 70% of the total value of the U.S. equity market. The Wilshire 50 00 follows the returns ... fur- ther and assert that in an astonishingly large proportion of the trading in common stocks, those engaged therein don’t appear to know—in polite terms—one part...

Ngày tải lên: 04/07/2014, 15:20

... returns. None of the factors that the Motley Fools “discovered” with such fanfare—dropping the stock with the best score, doubling up on the one with the second-highest score, dividing the dividend yield ... of dollars more on advertising over the next year. On this declaration of corporate hara-kiri, Juno’s stock roared up from $ 16. 375 to $66 .75 in two days. 6 Why...

Ngày tải lên: 04/07/2014, 15:20

... shares. 2 Since the market value of these issues is well above their book value say, 900 market vs. 560 book in mid-1 971 the earnings on current market price work out only at some 6 1 ⁄4%. (This relation- ship ... “consumer prices.”) The only way that inflation can add to common stock values is by raising the rate of earnings on cap- ital investment. On the basis of t...

Ngày tải lên: 04/07/2014, 15:20

... terri- ble—with the market losing up to 43% of its value. 8 When inflation shot above 6%, as in the years on the right end of the graph, stocks also stank. The stock market lost money in eight of the 14 ... in the stock basket, despite the prospect of continuing inflation. The more the investor depends on his portfolio and the income therefrom, the more necessar...

Ngày tải lên: 04/07/2014, 15:20

... Cataloging-in-Publication Data Huddleston, Pat. The vigilant investor : a former SEC enforcer reveals how to fraud-proof your investments / Pat Huddleston. —1st ed. p. cm. Includes index. ISBN-13: 97 8-0 -8 14 4-1 75 0-8 ISBN-10: ... the written instructions. Whether because of their bad eyesight or the spelling of the German word for policy (p-o-l-i-c-e), the kidn...

Ngày tải lên: 04/11/2014, 11:20