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lpn27 lpn27
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2 years ago
One of the basic premises of security analysis, and in particular fundamental analysis, is that

▸ a stock's price is based on its past cash flows rather than on anticipated future cash flows.

▸ market sectors do not move in concert with business cycles.

▸ all securities have an intrinsic value that their market value will approach over time.

▸ a security's risk has relatively little effect on the security's return.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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Kmc14Kmc14
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2 years ago
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lpn27 Author
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2 years ago
Correct Slight Smile TY
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Just got PERFECT on my quiz
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