Weekly Reading List – 04/09/2015

 

The truth about our corporate ventures is quite otherwise. Extremely few companies have been able to show a high rate of uninterrupted growth for long periods of time.

Remarkably few, also, of the larger companies suffer ultimate extinction. For most, their history is one of vicissitudes, of ups and downs, of change in their relative standing.

In some the variations “from rags to riches and back” have been repeated on almost a cyclical basis—the phrase used to be a standard one applied to the steel industry—for others spectacular changes have been identified with deterioration or improvement of management.

– Benjamin Graham, The Intelligent Investor

 


Investors watch computer screens at a stock exchange hall on May 8, 2015, in Fuyang, China.

Weekly Readings:

Investors take a second look at EM as China fears cool – (LINK)

The average price-to-book ratio for stocks on the MSCI EM index is now less than 1.3 times, a level not seen since early 2009, when emerging markets were still reeling from the impact of the financial crisis, according to Teverson.

A price-to-book ratio is used to compare a stock’s market value to its book value, and is a key metric used by traders to gauge the value of equities.

Heard of China’s Fake Rolexes? Now There’s a Fake Goldman Sachs – (LINK)

How to invest if you have $20k or more – Why we think The Straits Times is Wrong – (LINK)

STI ETF beat 7 unit trusts based on a 10-year performance. And the difference between STI ETF and the top fund is only 0.2%.

Trump Has Done Well, but Not as Well as the Stock Market – (LINK)

If Trump had done that in 1988, he would be worth $13 billion today, more than triple the Forbes estimate.

 

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