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Great collection of essays by and interviews with Graham!
Great book on many of Graham's articles and writings. The only criticism I would have is that Lowe has failed to provide any updates in her introduction to the six different parts. For example, today managements are even more likely to act in their own interest where the company is selling for less than liquidation value.
ONE REASON FOR THE 29 CRASH WAS THAT INDIVIDUALS HAD ALL THEIR MONEY IN STOCKS, SO IF THEY NEED MONEY TO LIVE THEY HAD TO SELL SHARES, REGARDLESS OF PRICE.The average ROE per time has remained at around the 10-12% level.
keren...