Professional Documents
Culture Documents
value investing: The strategy of selecting stocks that trade for less than their
intrinsic values.
Dow Dogs Theory: A theory which says the market is in an upward trend if
one of its averages (industrial or transportation) advances above a previous
important high, it is accompanied or followed by a similar advance in the
other.
computerized trading: Trading with the use of a computer to make the trades
on
2010 flash crash: The quick drop and recovery in securities prices that
occurred shortly after 2:30pm Eastern Standard Time on May 6, 2010. Initial
reports that the crash was caused by a mistyped order proved to be
erroneous, and the causes of the flash crash remain unknown.
Who is and what was/is their contribution to/views regarding stock market investing
- Ben Graham: scholar and financial analyst who is widely recognized as the
father of value investing. His famous book, "The Intelligent Investor", has
gained recognition as one of the best and most important investment pieces
written illustrating the fundamentals of a value-investing strategy.
-
Peter Lynch: Peter Lynch is the legendary former manager of the Magellan
Fund at major investment brokerage Fidelity. He took over the fund in 1977 at
age 33. He ran the fund for 13 years and his success allowed him to retire in
1990 at age 46. His investment style has been described as adaptive to the
economic environment prevailing at the time, but Lynch always stressed that
you should be able to understand what you own.
John Bogel: the founder and retired CEO of The Vanguard Group. He is known
for his 1999 book Common Sense on Mutual Funds: New Imperatives for the
Intelligent Investor
High
76.00
218.00
67.00
21.00
Median
67.00
190.00
60.00
18.50
Low
60.00
138.00
51.00
13.70
50.00
63.00
44.25
55.00
41.00
47.00
PNC
Morgan Stanley
100.00
42.00
92.00
36.00
83.00
33.00
How do you explain such differences in estimates for the same stock?
Different brokers can have very different opinions about the direction the stock is
going. This is also related to their opinion of the market, certain events, etc.