Text #746

The firm-foundation theory argues that each investment instrument, be it a common stock or a piece of real estate, has a firm anchor of something called intrinsic value, which can be determined by careful analysis of present conditions and future prospects.

—from A Random Walk Down Wall Street, a book by Burton G. Malkiel

Active since February 28, 2019.
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Instant Death Mode 27 93.39 December 15, 2018
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New Quotes 1 103.80 February 28, 2019