August 6, 2018 -

Seth Klarman Protege David Abrams Says “Value Investing Is The E = mc² Of Money And Investing”

Seth Klarman Protege David Abrams Says “Value Investing Is The E = mc² Of Money And Investing” Please follow and like us:0

Keynesian Approach

August 13, 2018 amit

The “Keynesian” approach places far less emphasis on the “adjustment” nature of investment. Instead, they have a more “behavioral” take on the investment decision. Namely, the Keynesian approach argues that investment is simply what capitalists “do”. Every period, workers consume and capitalists “invest” as a matter of course. This leads Keynesians to underplay the capital stock […]

Reading Links

Hayek’s The Pure Theory of Capital

August 13, 2018 amit

Hayek’s The Pure Theory of Capital Please follow and like us:0

Reading Links

Keynes v Hayek: Two economic giants go head to head

August 13, 2018 amit

Keynes v Hayek: Two economic giants go head to head Please follow and like us:0

Thoughts

There are effectively two ways of thinking about investment

August 13, 2018 amit

At the risk of annoying some people, we shall refer to these as the “Hayekian” and “Keynesian” perspectives. The Hayekian perspective conceives of investment as the adjustment to equilibrium and thus the optimal amount of investment is effectively a decision on the optimal speed of adjustment. A firm may decide it needs a factory (the “capital stock” […]

Thoughts

John Burr Williams

August 13, 2018 amit

Value of an enterprise is the “present worth” of all its future distributions – whether interest or dividends – it “in no [way] depends on what the company’s capitalization is” Please follow and like us:0

General Information

Value

August 12, 2018 amit

Value has come to be associated exclusively with earning power, the stockholder no longer pays any attention to which his company owns–not even its money in the bank. It is undoubtedly true that the old-time investor laid too much stress upon book values and too little upon what the property could earn. It was a […]

General Information

Growth Company

August 12, 2018 amit

A growth company is one which (a) will be expanding its business and it profits at more than average rate, and (b) will in the course thereof be investing a large part of its profits back in the business. It’s hard to tell how good your knowledge is in these companies because growth stocks lead […]

General Information

The French saying: “The more it changes the more it’s the same thing.”

August 12, 2018 amit

The French saying: “plus ça change, plus c’est la même chose” “The more it changes the more it’s the same thing.” I have always thought this motto applied to the stock market better than anywhere else. Now the really important part of this proverb is the phrase “the more it changes.” The economic world has changed […]

Blog

Investment Vs. Speculation

August 11, 2018August 11, 2018 amit

“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” — Ben Graham It occurs to me that the typical individual who buys and sells common stocks makes little or no distinction between the concepts of speculation versus investment. Instead they […]