May 2012

The Unintelligent Investment? Gauging Facebook’s IPO Through the Lens of Graham and Dodd

Sign announcing Facebook IPO is flashed on a screen outside the NASDAQ stock exchange at the opening bell in Times Square on 18 May 2012 in New York City.

Investors who bought shares in the recent public offering should have first consulted the authors of Security Analysis, who wrote that the intrinsic value of a security is “that value which is justified by the facts . . . as distinct, let us say, from market quotations established by artificial manipulation or distorted by psychological excesses.” Read more

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Take 15: The Gigantic Task of Rebalancing the Chinese Economy and the Investment Implications

Patrick Chovanec, an associate professor at Tsinghua University School of Economics and Management, discusses the economic and investment implications involved in rebalancing the Chinese economy. He touches upon the current economic climate in light of the 2008 financial crisis with regards to China’s infrastructure, a trend toward urban migration, and general investment trends since the crisis. Read more

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