I wouldn't be surprised if this limited edition version of
Security Analysis becomes a collector's item in the future.
Not exact matches
As Graham and Dodd wrote in
Security Analysis (1934), referring to the final advance that led to the 1929 market peak, the reason investors shifted their attention away from historically - reliable measures of valuation was «first, that the records of the past were proving an undependable guide to investment; and, second, that the rewards offered by the future had
become irresistibly alluring.»
With
security prices available on a minute - by - minute basis, the run - of - the - mill investors focus on analyzing randomness — allowing themselves to
become happy or sad over short - term price fluctuations that are disconnected from whether they were fundamentally right in their investment
analysis.
Their book, Yes, You Can Time The Market, has
become a landmark of using price theory for
securities market
analysis.