4. General Portfolio Policy: The Defensive Investor. 88. COMMENTARY ON CHAPTER 4. 101. 5. .... Several years ago Ben Graham, then almost eighty, expressed to a friend .... Savold Tire, a new offering in the booming automotive business; by. October ..

Sharon Steel Shares. 576. 7. Technological Companies as Investments ... spheric IQ, unusual business insights, or inside information. ... vail during your investing career. The sillier .... involved in specific choices of common stocks. But much of .

39.2. 1977. –8.6. 25.8. 34.4. 1978. 7.0. 36.6. 48.8. 1979. 17.6. 29.8. 39.7. 1980. 32.1. 23.3. 31.1. 1981. 6.7. 18.4. 24.5. 1982. 20.2. 24.1. 32.1. 1983. 22.8. 38.4.

number of condensed comparisons of specific securities—chiefly in ...... (millions). Other. Datab. Year a Earnings of Standard & Poor's industrial index divided by average book value for year. b Figures for 1950 and 1955 from Cottle and Whitman; ..

the greater the opportunity for the business-like investor. Follow. Graham .... The Internet boom and bust would not have surprised Graham. In. April 1919 .... Calculations by finance professor Jeremy Siegel confirm that Raskob's plan would have ....