image: Wikimedia commons.
It has been a lousy stock market lately, although we suggest that this is part of a healthy reassessment which has actually been going on for a long time -- well over a year, in fact, since many small and middle-sized companies are already considerably off of highs reached before...
Thursday, September 25, 2014
Have you heard of this company? PRAA
The previous post discussed the investment philosophy of Thomas Rowe Price, Jr., and his conviction that investors should focus primarily on the business merits of the company, and on finding well-run businesses positioned in front of fertile fields for future growth, and then should consider owning those selected companies through...
Tuesday, September 23, 2014
Thomas Rowe Price and the Growth Stock Theory of Investing
Kudos to Andrea Riquier of Investors Business Daily for her informative and timely story on Thomas Rowe Price, Jr. (1898 - 1983), and his timeless investment philosophy, entitled "T. Rowe Price was right with bet on American growth."
Her article points out that Price's convictions about the benefits of ownership of shares...
Thursday, September 04, 2014
John Maynard Keynes R.I.P....And Keynesian Economic Theory!
John Maynard Keynes (right) in 1946, at the inaugural meeting of the IMF Board of Governors.
Last week, economist Scott Grannis published a remarkable post over at his Calafia Beach Pundit blog in which he says:
The past six years in effect have been a laboratory experiment to determine whether Keynesian...
