The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Shorting Stocks


Subject:  Re: Advice.. Date:  11/23/2002  6:56 AM
Author:  jazbo Number:  27577 of 44622

To suppose that the value of a common stock is determined by a corporation's earnings discounted by the relevant interest rate and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin, and believed Orson Welles when he told them over the radio that the Martians had landed. --James Grant

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us