How to Think Like Benjamin Graham and Invest Like Warren Buffett

SubjectIndex 267

Transaction volatility, 59–63
Tulip bulb mania, 9, 10
24-hour trading, 62
Typhus, 4

United Kingdom:
accounting and, 182–183
corporate governance and, 172–176, 183–
184
information and, 188–189
Unsystematic risk, 29

Valuation, 70–75, 83, 91–103
assets in, 134–138
boo kvalue in, 134–138
capitalization of earnings method, 95–
96, 98, 99, 133, 138–142
circle of competence and, 105–118
compounding in, 100–102
discounted cash flow method, 96–98,
99, 133, 144–145
inflation in, 103, 136
interest rates in, 102

Valuation (Cont.):

margin of safety and, 134, 142–144

market circularity and, 146–149

ratio analysis in, 119–132, 147–149

taxes and, 102–103

Value Line effect, 11

Vividness bias, 118

Volatility, 51–67

business, 31–32

information, 51–59

market, 5–8, 34

prognosis for market and, 66–67

trader, 63–66

transaction, 59–63

Wall Street rule, 172

Watergate, 13

Wea kform efficiency, 23–25

Webcasting, 54

Weekend effect, 11

Where Are the Customers’ Yachts?(Schwed),

5, 222

Work-Out, at General Electric, 225–227,

228, 229, 230

Working capital, 120–121