Short Selling by Amit Kumar

Author:Amit Kumar
Language: eng
Format: epub, mobi
Tags: BUS027000, Business & Economics/Finance, BUS036060, Business & Economics/Investments & Securities/Stocks
Publisher: Columbia University Press
Published: 2015-11-30T16:00:00+00:00

Recap

• According to Ben Graham, “An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.”3

• There are three core concepts for value investing—price versus value, Mr. Market, and margin of safety.

• The way of pricing puts the investor in the shoes of a business owner, putting the focus on the intrinsic value of the business. Timing is not important unless it allows the investor to buy stocks below intrinsic value.

• Mr. Market, the fabled character, changes his mind every day on the price of stocks, and he is also subject to wild mood swings that can result in large fluctuations and create opportunities.

• The investor can determine a sound purchase price at a discount to intrinsic value by applying the concept of margin of safety based on the stock’s earning power or value of asset.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.