Projecting the past into the future is risky business — especially when we’re unsure what that past was.
Quote from James R. Holmes at Twilight of the Aircraft Carrier? | The Diplomat.
Book Review: The Conscious Investor
The Conscious Investor is a handy reference tool for both the private investor and valuation professional, offering a thorough examination of the merits of a wide range of fundamental valuation techniques and fresh insights into their application. John Price has a PhD in mathematics and taught Mathematics and Finance at universities around the world, yet I found his book refreshingly practical. Highlight of the book is the chapter on Forecasting, with its analysis of forecasting risk and application of Benjamin Graham’s margin of safety, popularized by Warren Buffet in recent years. I recommend this book to anyone interested in fundamental valuation.
The Conscious Investor is published by John Wiley & Sons, Inc.