There is a remarkable similarity between today's investment climate and the 1934 post-Great Dep...
There is a remarkable similarity between today's investment climate and the 1934 post-Great Depression investment environment that inspired Benjamin Graham and David Dodd's Security Analysis, which laid down the principles of value investing. It is unsurprising, therefore, that there is renewed relevance and interest in value investing. Value investing involves the purchase of a security at a discount to its fundamental value. On a daily basis Mr Market, as Graham termed the aggregation of all players in the public markets, gives investors opportunities to buy or sell securities at par...
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