Nortek, Inc., 483–84
Nortel Networks, 184, 483–84
Northern Pacific Railway, 168,
207–8, 209
Northwest Industries Inc., 317–18,
317 n, 412
Norway bonds, 138
Novellus Systems, 370
Nucor Corp., 373
NVF Corp., 411, 422, 429–33, 429n,
433 n,576–77
Nygren, William, 397, 399
Oakmark Fund, 251, 397, 399
Odean, Terrance, 149, 150n, 151
oil companies, 291, 291n, 292
online message boards, 502
online trading, 38–39, 128, 272, 344,
345
open-end funds, 116, 237–38n,
238–41.See alsomutual funds
OPM (Other People’s Money), 303,
303–4n
opportunities: recognizing, 532–34,
535 n
options, call, 421
options, stock, 3, 3n,306, 308, 316n,
322, 323, 398, 400, 421, 507–11,
507 n, 509 n, 522 n. See also
warrants;specific company
Oracle Corp., 505, 508–9
Orbitex Emerging Technology Fund,
16 n, 244
orders: execution of, 267–68
O’Shaughnessy, James, 42–44, 44n,
45
overvaluation, 5, 14, 81, 172, 246,
261, 505; and aggressive
investors, 163, 172, 382;
“gambler’s fallacy” about,
458 n;and repurchase plans,
508 n,509.See also specific
company
Owens-Illinois Glass Co., 289, 351,
353
owner earnings, 308, 398, 399
owners: intelligent, 499, 501–2
P/E ratio. Seeprice/earnings ratio
Pacific Gas & Electric Co., 357
Pacific Partners, Ltd., 556
PacTel, 327
PaineWebber, 41, 83
Palm, Inc., 479–80
Panhandle Eastern Pipe Line Co.,
357
Parker Pen Co., 391, 392
Pascal, Blaise, 35, 392, 529–31
“Pascal’s wager,” 392n,529–31
patents and trademarks, 374
PBHG Technology &
Communications Fund, 243–45
Penn Central Railroad, 4n,94, 286,
362, 384, 422, 423–25, 423n,
424 n, 425 n, 466 n,564–65
Pennsylvania Electric Co., 424
pension funds, 84, 194, 194n,308,
316 n,327–28, 398, 429n, 501 n,
545–46.See also specific company
Peoples Gas Co., 357
PepsiCo Inc., 373, 477
per-share earnings: and aggressive
investors, 398; and common
stock, 318, 320; and convertible
issues and warrants, 316, 318,
411, 414, 416; and defensive
investors, 338, 348, 351; and
dividends, 492; Graham’s
comments about, 310–21; and
margin of safety, 514n;and
repurchase plans, 506–7, 508;
Zweig’s comments, 322–29. See
also specific company
performance: and advice, 275; and
aggressive investors, 172n,
376–78, 377n, 379 n,388; and
defensive investors, 348, 356;
factors influencing, 85; and
Graham’s definition of
investment, 35, 35n;of growth
stocks, 451–52n;and market
fluctuations, 203; and per-share
earnings, 321; of secondary
companies, 172n;and security
analysis, 291n,292, 293n,612 Index