Superinvestors of Graham-and-Doddsville: Unterschied zwischen den Versionen

In conclusion, some of the more commercially minded among you may  wonder why I am writing this article. Adding many converts to the  value approach will perforce narrow the spreads between price and  value. I can only tell you that the secret has been out for 50 years,  ever since Ben Graham and Dave Dodd wrote ''Security Analysis'',  yet I have seen no trend toward value investing in the 35 years that  I’ve practiced it. There seems to be some perverse human  characteristic that likes to make easy things difficult. The academic  world, if anything, has actually backed away from the teaching of  value investing over the last 30 years. It’s likely to continue  that way. Ships will sail around the world but the Flat Earth Society  will flourish. There will continue to be wide discrepancies between  price and value in the marketplace, and those who read their Graham  & Dodd will continue to prosper.

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