Solomon Mcharo’s Reviews > Security Analysis: The Classic 1951 Edition > Status Update

“The investor should not be stampeded into selling out holdings with a strong past record because of a current decline in earnings. He is likely, however, to pay more attention than usual to the question of improving the quality of his securities, and in many cases it should be possible to gain some benefits through carefully considered switches.”

Excerpt From
Security Analysis

“The investor should not be stampeded into selling out holdings with a strong past record because of a current decline in earnings. He is likely, however, to pay more attention than usual to the question of improving the quality of his securities, and in many cases it should be possible to gain some benefits through carefully considered switches.”

Excerpt From
Security Analysis

“But a prudent and intelligent investor should be able to avoid this temptation, and reconcile himself to accepting an unattractive yield from the best bonds, in preference to risking his principal in second-grade issues for the sake of a large coupon return.”

Excerpt From
Security Analysis

“An investment operation is one that can be justified on both qualitative and quantitative grounds.”

Excerpt From
Security Analysis
Seth A. Klarman
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