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The Intelligent Investor, Rev. Ed
book

The Intelligent Investor, Rev. Ed

by Benjamin Graham
March 2009
Beginner content levelBeginner
640 pages
16h 2m
English
HarperCollins Publishers
Content preview from The Intelligent Investor, Rev. Ed

This chapter will begin with two pieces of advice to the investor that cannot avoid being contradictory in their implications. The first is: Don’t take a single year’s earnings seriously. The second is: If you do pay attention to short-term earnings, look out for booby traps in the per-share figures. If our first warning were followed strictly the second would be unnecessary. But it is too much to expect that most shareholders can relate all their common-stock decisions to the long-term record and the long-term prospects. The quarterly figures, and especially the annual figures, receive major attention in financial circles, and this emphasis can hardly fail to have its impact on the investor’s ...

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Publisher Resources

ISBN: 9780061745171Purchase book