Been investigating the notion of intrinsic value in stock maeket
investment...just for the fun of it. It's all about deciding when a stock
is at a good price for a cautious investor!!
Earning per share: the return on a share of the company.
Price to earnings ratio: the price of a stock divided by its curent earning.
Graham's 'The Intelligent Investor' appeared in 1949. Today, it is considered the classic
beginner's book.
* * *
Not meaning to give Apple or Verizon a bad time, here. Graham's book was
written with an eye to growth stocks, in a quite different environement...👧
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