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The Intelligent Investor, Rev. Ed by Benjamin Graham

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The enterprising investor, by definition, will devote a fair amount of his attention and efforts toward obtaining a better than run-of-the-mill investment result. In our discussion of general investment policy we have made some suggestions regarding bond investments that are addressed chiefly to the enterprising investor. He might be interested in special opportunities of the following kinds:

  1. Tax-free New Housing Authority bonds effectively guaranteed by the United States government.
  2. Taxable but high-yielding New Community bonds, also guaranteed by the United States government.
  3. Tax-free industrial bonds issued by municipalities, but serviced by lease payments made ...

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