Monthly Archives: November 2006

In a classic “Sense & Nonsense in Corporate Finance”, the author, Louis Lowenstein, debunks some wrong notion on dividend policy. “The central issue of dividend policy is how well a company uses its resources compared to the available alternatives, notably … Continue reading →

A portfolio of stocks designed on the basis of Benjamin Graham’s principles has beaten the market over the past three years. Benjamin Graham, the author of Security Analysis, is hailed as the dean of Wall Street. In another book titled … Continue reading →

By Maria Crawford Scott – AAII No modern-day investment “sage” is better known than Peter Lynch. Not only has his investment approach successfully passed the real-world performance test, but he strongly believes that individual investors have a distinct advantage over … Continue reading →

Popularly known as the “Guru of Contrarian Investing”, David Dreman follows an investment philosophy based on low P/E approach to stock selection. Dreman, who has authored the recent Contrarian Investment Strategies: The Next Generation, among several other investment books, is … Continue reading →

In a classic “Classics II – Another Investor’s Anthology”, there is a piece of wisdom by Benjamin Graham and David Dodd which every investor should read and re-read. “The old rule for the ordinary investor was that he should buy … Continue reading →

I have been a great follower of yours. Each day I used to rise with what you were speaking from Tokyo and went to bed with what you were preaching from New York. I bought when you told me to … Continue reading →

by Chetan Ahya – Morgan Stanley Domestic private sector is rushing to announce retail plans Even as the government continues to delay the decision to allow FDI in multi-product retail chains, the fast-emerging Indian retail sector is becoming widely recognized … Continue reading →

In a great book “Classics II – Another Investor’s Anthology”, there is a piece by Peter Carman on the psychology of investment decision- making. “One of the underlying assumptions of the Bernstein investment philosophy is that distortions in value are … Continue reading →

by John Authers – FT Investors should expect an equity premium of 3-3.5 per cent from now on – less than half the popular estimates for the past 100 years. How much of a premium do we expect for taking … Continue reading →

The man with no name doesn’t talk much. He is there where the action is thick and there is money to be made. He is unpredictable and is known for his silent exits. He keeps his cards close to his … Continue reading →