The Intelligent investor by Benjamin Graham | Episode 1 |
The Audiobooks Podcast
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The Defensive Investor's Portfolio of Common Stocks
The art of skillful or shrewd investment is supposed to lie particularly in the selection of issues that will give better results than the general market. In December 1960 and December 1970 the Dow Jones industrial average advanced from 616 to 839 or 36 percent. But a much larger standard and poor assuated index of 500 stocks rose from 58.11 to 92.15 or 58 percent. Only rarely can one make dependable predictions about price changes, absolute or relative.
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