The memory of the financial community is proverbially and distressingly short.
“The memory of the financial community is proverbially and distressingly short.” … Read More
The most striking thing about Graham’s discussion of how to allocate your assets between stocks and bonds is that he never mentions the word “age”.
“The most striking thing about Graham’s discussion of how to allocate … Read More
The modern world is not geared properly to the storage of goods.
“The modern world is not geared properly to the storage of … Read More
It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.
“It is a misfortune of the times that all of us … Read More
The Reservoir plan is an engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or any other political philosophy.
“The Reservoir plan is an engineering mechanism applied to the field … Read More
It must be fundamentally wrong to reduce production of food and fiber while one-third of our population is still ill fed and ill clothed.
“It must be fundamentally wrong to reduce production of food and … Read More
The Reservoir system will function not only as an equalizer of business conditions, but also as a national store to meet further emergencies, such as war and drought, and-most important of all-as the concrete means of developing a steadily higher living standard for all.
“The Reservoir system will function not only as an equalizer of … Read More
Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.
“Every corporate security may be best viewed, in the first instance, … Read More
If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.
“If we assume that there are normal or standard income results … Read More
There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there’s one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.
“There is no reason to feel any shame in hiring someone … Read More
… the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.
“… the loss of public confidence in the financial community growing … Read More
The value of the security analyst to the investor depends largely on the investor’s own attitude. If the investor asks the analyst the right questions, he is likely to get the right or at least valuable answers.
“The value of the security analyst to the investor depends largely … Read More
Whether we like it or not, government intervention in the face of surplus is here to stay.
“Whether we like it or not, government intervention in the face … Read More
Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.
“Cartels have spread and will spread as long as the world … Read More
The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great depression imposed on the nation.
“The money cost of the reservoir plan literally fades into insignificance … Read More
The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man and brain power, but solely from imperfections in the functioning of the system of finance capitalism.
“The people of the United States will not tolerate another deep … Read More
We have not known a single person who has consistently or lastingly make money by thus “following the market”. We do not hesitate to declare this approach is as fallacious as it is popular.
“We have not known a single person who has consistently or … Read More
Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.
“Price statistics show clearly that instability in raw-material prices is a … Read More
Good managements produce a good average market price, and bad managements produce bad market prices.
“Good managements produce a good average market price, and bad managements … Read More
there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.
“there is a tendency in part of Wall Street people to … Read More