The intrinsic value of a share is the actual and correct value of a stock, based on the fundamentals of its issuing company. Besides the fundamentals of the firm, which are the numerical values written in its financial statements, the intrinsic value includes in its calculation also other aspects of the business, both tangible (for example, … Continue reading What is the intrinsic value of a share?
It was 1934 when "Security Analysis" was published for the first time, introducing to the world the concept of value investing, then treated again in the essay "The Intelligent Investor" in 1949. The authors were Benjamin Graham, a professor at Columbia Business School, and his colleague David Dodd. What is value investing? Keeping it simple, … Continue reading Ben Graham & Value Investing