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Post by candy188 on Feb 16, 2014 19:27:36 GMT 7
Irving Kahn, 108 years now (early disciple of Benjamin Graham), chairman of Kahn Brothers Group in New York.
Simple Rules of Intelligent Investing 1) Don't depend on recent or current figures to forecast future prices; remember that many others knew them before you did. 2) Prices are continuously molded by fears, hopes and unreliable estimates; capital is always at risk unless you Buy Better than average values. 3) Remember that many complex factors - such as accounting choices and the human problems with management and larger shareholders - lie behind reported earnings. 4) Disregard the competition at your peril - they are always attacking your company's trade position and its earning. 5) Don't Trust Quarterly Earnings. VERIFY Reports through source and application statement. ===> Figure can LIE and LIARS can figure. Source: The Value Investors by Ronald W. Chan
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