Thursday, October 02, 2003

The Von Mises Institute has a blog.

A sample, which provokes fantasies of greed even in indifferent little me:

The New Yorker Magazine this week features a review of two investment classics, Benjamin Graham's The Intelligent Investor and Burton Malkiel's A Random Walk Down Wall Street. Benjamin Graham, one of the teachers of billionaire investor Warren Buffert, comes down on the side of financial entrepreneurship. Based on simple mathematical models using the future profits of a business, he provided analytical methods for estimating the "intrinsic value" of its securities - the price that an informed investor would pay to purchase the asset. The intelligent investor will apply Graham's methods to company financials, looking for bargains: companies selling for less than their intrinsic value.

No comments: