July 2015 – Buffettpedia

Benjamin Graham's thoughts

Benjamin Graham on stock selection for the defensive investor

July 26, 2015

The Intelligent Investor Chapter 14 – Stock Selection for the Defensive Investor 1. Adequate Size of the Enterprise The idea is to exclude small companies which may be subject to more than average vicissitudes especially in the industrial field. Not less than US$100 million of annual sales for an industrial company and, not less than…

Benjamin Graham's thoughts

Investment versus speculation

July 24, 2015

In Chapter 1 of The Intelligent Investor, author Benjamin Graham (May 8, 1894 – September 21, 1976), the father of value investing, made a clear distinction between the term “investor” and “speculator“. Benjamin Graham, as far back as 1934, said in Security Analysis (a book he co-authored): “An investment operation is one which, upon thorough…

Books

A game of Snap, of Old Maid, of Musical Chairs – John Maynard Keynes

July 19, 2015

“For it is, so to speak, a game of Snap, of Old Maid, of Musical Chairs — a pastime in which he is victor who says Snap neither too soon nor too late, who passed the Old Maid to his neighbour before the game is over, who secures a chair for himself when the music…

Videos

Wall Street Crash of 1929 and the Great Depression

July 11, 2015

The Wall Street Crash of 1929, also known as Black Tuesday, the Great Crash, or the Stock Market Crash of 1929, began on October 24, 1929, and was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its fallout. The crash signaled…

Archives for July 2015

Benjamin Graham on stock selection for the defensive investor

Investment versus speculation

A game of Snap, of Old Maid, of Musical Chairs – John Maynard Keynes

Wall Street Crash of 1929 and the Great Depression