How To Think Like Benjamin Graham and Invest like Warren Buffett

... the auditor, audit committee, and board are in their key jobs, there remains one person holding the torch for investors— the CEO Buffett says: The term “earnings” has a precise ring to it And when ... and the company participates in outreach programs GE engages its various constituents as part of its daily life, learning how better to serve customers as well as coventurers, distributors, and ... 19 98, and about $2 billion in 1999, and the impact continues Profit margins at GE historically ran around 10%, but with Six Sigma they were boosted to 15% to 17% and higher All this leads to what...

... Group, 199 9) Buffett and Cunningham, Essays, 193 Benjamin Graham, The Intelligent Investor (1st ed 194 9; 4th rev ed Harper & Row, 197 3), 167 Chapter 11 Benjamin Graham, The Intelligent Investor (1st ... 194 9; 4th rev ed Harper & Row, 197 3), 63 Warren E Buffett and Lawrence A Cunningham, The Essays of Warren Buffett: Lessons for Corporate America (The Cunningham Group, 199 7), 92 93 Benjamin Graham, ... “Amazon.com’s Allure,” Barron’s, November 15, 199 9 Buffett and Cunningham, Essays, 96 97 Notes 251 Graham, Intelligent Investor, 286 10 Buffett and Cunningham, Essays, 99 11 The psychology literature calls...

... assignment: A statement that assigns a value to a variable state diagram: A graphical representation of a set of variables and the values they refer to 18 Chapter Variables, expressions and statements ... Variables One of the most powerful features of a programming language is the ability to manipulate variables A variable is a name that refers to a value An assignment statement creates new variables ... high-level language: A programming language like Python that is designed to be easy for humans to read and write low-level language: A programming language that is designed to be easy for a computer to...

... naturally Formal languages are languages that are designed by people for specific applications For example, the notation that mathematicians use is a formal language that is particularly good at ... the syntactic structure of a program, analogous to a word in a natural language parse: To examine a program and analyze the syntactic structure print statement: An instruction that causes the ... language: A programming language that is designed to be easy for a computer to execute; also called “machine language” or “assembly language.” portability: A property of a program that can run on...

... thing as argument Variables like this are said to be local In order to keep track of parameters and local variables, it is useful to draw a stack diagram Like state diagrams, stack diagrams show ... idea is straightforward: • When you declare a variable, you create a named storage location 14 CHAPTER VARIABLES AND TYPES • When you make an assignment to a variable, you give it a value A common ... have seen are declarations, assignments, and output statements declaration: A statement that creates a new variable and determines its type assignment: A statement that assigns a value to a variable...