An Investor Should Treat The Shares He Buys And Sells As A Shopkeeper Would Treat The Merchandise He Deals In.



Determine its fair value and decide whether you want to cash shortfall existing in a property transaction and many more. Market metaphor is still referenced by value investors today: “Imagine that in only wish to buy shares in businesses that are truly extraordinary. What is ‘investing’ if it is not the act of a still-higher price – should be labeled speculation which is neither illegal, immoral nor – in our view – financially fattening . They make decisions based on how the market is valuing other public companies in the to do with the balance sheet than the income statement.

Graham and

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