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Rezension (2)
The centerpiece of this book is a valuation formula for growth stocks that appeared in the fourth edition of Graham and Dodd's "Security Analysis"
The centerpiece of this book is a valuation formula for growth stocks that appeared in the fourth edition of Graham and Dodd's "Security Analysis". Benjamin Graham mentioned the formula almost as an aside, and the context was, "I'm wary of growth issues but if I were to purchase one, I'd be careful about overpaying and a formula like the following might function ok for establishing what the stock is really worth."
Doesn't replace The Intelligent Investor, nor Security Analysis
Doesn't replace The Intelligent Investor, nor Security Analysis. But that wasn't the author's intention. This book brings those two volumes to you in somewhat summary form, and does a great job of supplementing what Graham wrote for today's investing environment