Preview. Written from general knowledge to guide your reading. It's replaced by full study notes once you record this chapter.
What to listen for
- Where the enterprising investor can look: relatively unpopular large companies, bargain issues (including stocks below net current assets) and special situations.
- Graham's skepticism of trying to beat the market through growth-stock forecasting.
- Listen for 'net-nets' (buying below net working capital) and why they worked statistically.
- Rule #1 link: unpopular large companies are close to Town's 'wonderful company hit by an event'.
Record this chapter
Read it (and Zweig's commentary) aloud, or record your own takeaways afterwards. Then upload the file as ch07.m4a (or ch07-part2.m4a, ch07-commentary.m4a, ch07.txt) to your private ruleone-library repo.