CARL SAGAN
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CARL SAGAN

 “Extraordinary claims require extraordinary evidence.” “It seemed so heady and promising, such an interesting future. But as I learned a little bit more about the properly skeptical attitudes of science and how often we deceive ourselves, I began to look at this with much more skepticism.” “And people were in their heart of hearts worried […]

Good Stocks vs Growth Stocks
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Good Stocks vs Growth Stocks

If you select good stocks, determine and specific that the price is within a range of fair value. If you select growth stocks determine and specific the round amount which the buyer at the current price is already paying for a growth factor as compared with it’s reasonable price if the growth prospects were only […]

Germansky and Livermore
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Germansky and Livermore

Everything in the economy is cyclical. Nothing great or terrible is likely to stay that way for long, because the same forces that cause things to be great or terrible also plant the seeds to push them the other way. Bull markets make stocks expensive, expensive stocks leave little room for error, and little room […]

Keynesian Approach
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Keynesian Approach

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 […]

Value
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Value

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 […]

Growth Company
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Growth Company

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 […]

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