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Common stocks and common sense : the strategies, analyses, decisions, and emotions of a particularly successful value investor /
Deep insight and candid discussion from one of Wall Street's best investors Common Stocks and Common Sense provides detailed insight into common stock investing, using a case-study approach based on real-world investments. Author Edgar Wachenheim is the 28-year CEO of Greenhaven Associates, boa...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken, NJ :
Wiley,
[2016]
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Machine generated contents note: 1. My Approach to Investing
- 2. The Brief Story of My Life
- 3. IBM
- Successful investing is about predicting the future more accurately than the majority of other investors; we predict a change in IBM's cost structure
- 4. Interstate Bakeries
- Successful investing often is heavily dependent on the capabilities and incentives of corporate leadership
- 5.U.S. Home Corporation
- Investors can become frustrated when their swans are priced as if they are ugly ducks
- 6. Centex
- Large profits can be earned by successfully predicting a major positive change in the fundamentals of a company or an industry
- 7. Union Pacific
- Investors often do not adequately differentiate between short-term discrete problems and long-term systemic weaknesses
- 8. American International Group
- I went to bed with Miss America and woke up with a witch; this can happen to even the most careful of investors
- 9. Lowe's.
- Note continued: Using common-sense logic, we conclude there is a high probability that the U.S. housing market will improve markedly in the near future; investing is logical and probabilistic
- 10. Whirlpool
- We conclude that the company's earnings and share price are being depressed by cyclically low demand for appliances and by abnormally high costs for raw materials; successful investors should purchase their straw hats in winter
- 11. Boeing
- Opportunities can occur when great companies develop temporary problems
- 12. Southwest Airlines
- When tight markets lead to sharply higher prices for goods or services, earnings and share prices can become buoyant, even for normally unattractive businesses
- 13. Goldman Sachs
- Large profits can be earned when perceptions temporarily differ from realities
- 14.A Letter to Jack Elgart
- A letter that summarizes my approach to investing and that includes a number of do's and don'ts that I found useful in my career.