Not exact matches
Ben Graham's system involves four bedrock principles, two
of which Charlie Munger introduces here: 1) a
share of stock is a
proportional ownership
of a
business and 2) buy at a significant discount to intrinsic value to create a margin
of safety.
The second bedrock principle
of value investing is: treat a
share of stock as a
proportional interest in a
business.
Common stock is more than just a piece
of paper; it represents a
proportional share of ownership in a company — a stake in a real, living, breathing
business.
An on - bill crediting model allows residents and
businesses to invest in a portion
of a
shared solar installation and receive a
proportional credit on their utility bill.