Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Harshu Vyas who wrote (74957)	1/27/2024 5:58:47 PM
From: Harshu Vyas	Respond to of 78507

(In case anyone was wondering what that book mentioned above was, it's "Where are the Customers' Yachts?" It was bugging me and since I'm at home, quickly looked at my books and figured out where it was from. Pages 8-9.) I memorised it slightly wrong, too, and had failed to remember the important salesperson element to the story. Not as relevant as I thought it was. Quote below: A case in point is that preferred stock investment you bought as an extra-safe investment several years ago when the salesperson showed you that the stock was earning its dividend more than fifty times over... it seems that both the figure and the salesman had neglected to point out the unholy size of the funded debt that was senior to your stock.