The Intelligent investor by Benjamin Graham | Episode 1 |
The Audiobooks Podcast
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Stock Trading - A Negative View of Investors and Speculators
Investors and speculators generally have endeavoured to obtain better than average results. This usually means buying stocks when the market has been advancing and selling them after it has turned downward. Other stocks selected are likely to be among those which have been behaving better than the market average. A small number of professionals frequently engage in short selling. Here they will sell issues they do not own but borrow through the established mechanism of the stock exchanges. Their object is to benefit from a subsequent decline in the price of these issues by buying them back at a price lower than they sold them for.
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