More on the Value Approach

From the Preface to Graham and Dodd’s 1934 classic, Security Analysis:

 . . . we have striven throughout to guard the student against overemphasis upon the superficial and the temporary. Twenty years of varied experience in Wall Street have taught the senior author that this overemphasis is at once a delusion and the nemesis of the world of finance.


Leave a Reply

Your email address will not be published. Required fields are marked *