The Intelligent investor by Benjamin Graham | Episode 1 |
The Audiobooks Podcast
Common Stocks and the Stock Market in Early 1972
We have no enthusiasm for common stocks at these levels, 892 for the Dow Jones Industrial Average. The defensive investor cannot afford to be without an appreciable proportion of common stocks in his portfolio. By a coincidence, useful statistical data on prices, earnings, and dividends go back just one hundred years, to 1871.
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