What to expect from this book

 पैराग्राफ 1:

"Raskob (1879-1950) was a director of the vast chemical company DuPont and also served as chairman of the finance committee at General Motors. Additionally, he worked as the national chairman of the Democratic Party and played a significant role in the construction of the Empire State Building. Finance professor Jeremy Siegel's calculations confirm that Raskob's plan would have grown to just under $9,000 after 20 years, although much of this gain would have been eroded by inflation. For more on Raskob's views on long-term stock investing, you can read William Bernstein's essay at (link unavailable)."

पैराग्राफ 2:

"For more details on the Dow Theory, visit (link unavailable). Mutual funds bought 'letter stock' through private transactions and immediately revalued these shares at higher prices. As a result, these mutual funds earned high returns in the mid-1960s. However, this couldn't be sustained for long. The U.S. Securities and Exchange Commission took strict action against this misuse in 1969. Now, fund investors have no connection to these stocks. Stock options warrants are explained in Chapter 16."

पैराग्राफ 3:

"When the Penn Central Transportation Company, one of America's largest railroad companies at the time, sought protection under bankruptcy provisions on June 21, 1970, investors were stunned. They had never imagined that such a large company could sink. Companies that Graham had in mind as being 'overloaded with debt' included Ling-Temco-Vought and National General Corp. The 'debt solvency problem' emerged on Wall Street between 1968 and 1971, during which several prestigious brokerage firms suddenly went bankrupt."

पैराग्राफ 4:

"See Chapter 2. At the start of 2003, U.S. Treasury bonds maturing in ten years offered a return of 3.8%, while stocks (as measured by the Dow Jones Industrial Average) yielded 1.9%. (Note that this relationship is not unlike the figures Graham cited in 1964.) Since 1981, income from top-quality bonds has consistently declined."

पैराग्राफ 5:

"'Air transport stocks' certainly generated as much excitement in the late 1940s and early 1950s as internet stocks did nearly half a century later. Some of the most prominent mutual funds of that era included Aeronautical Securities and Missile-Rocket-Jet and Automation Fund, although these funds turned out to be big disappointments for investors, just like the stocks they owned. Today, it is acknowledged that the airline industry's cumulative earnings have been negative throughout its history. Graham is not suggesting that you should avoid investing in airline stocks, but rather that you should never assume that any industry will outperform all others in the future."

*नोट:*

पूर्वसंपत्ति में एक कंपनी की भौतिक संपत्ति (जैसे कि अचल संपत्ति, कारखाने, उपकरण और इन्वेंटरी) शामिल होती है, साथ ही वित्तीय शेष राशि (जैसे नकद, आपातिक निधि और प्राप्य खाते) भी शामिल होती है। मूर्त संपत्ति में ब्रांड अधिकार, पेटेंट, सद्भावना और ट्रेडमार्क शामिल नहीं होते हैं।