The Intelligent Investor - The Definitive Book On Value Investing

return (cont.)
business principles, 523;
Graham’s comments about,
18–34; and Graham’s definition
of investment, 35n;and history
and forecasting of stock market,
67, 78, 80–87; and inflation, 50,
54, 62; and investment vs.
speculation, 18, 19–20n;
measures of, 453n;and public
attitude about stocks, 19–20n;
on Raskob’s prescription, 2; and
risk, 89; and security analysis,
290 n;Zweig’s comments about,
35–46.See alsodividends;
interest; performance; return on
invested capital (ROIC); yield;
specific company or type of
security
return on invested capital (ROIC),
398, 399
revenue bonds, 94
Riley, Pat, 101
risk: and advice, 264n;and
aggressive investors, 32, 133n,
134 n,136–37, 145, 146, 159n,
160, 163, 174–75, 377, 392–93;
Buffett’s comments about,
546–47; and defensive investors,
89, 96n,102–4, 106n,107, 110,
112, 114, 114n,116, 121–22, 124,
125, 367; and factors that
characterize good decisions,
528–29; foolish, 12; and formula
trading, 44, 45; and Graham’s
business principles, 523; and
history and forecasting of stock
market, 80–81; and inflation,
47 n,55, 57; and investment vs.
speculation, 20–21, 21n;
managing of, 12–13, 535, 535n;
and margin of safety, 515, 516,
521–22n,522, 525–26, 528–29;
and market fluctuations, 188,
219; and price, 17, 122; and
return/reward, 89, 546–47; and
security analysis, 283–87; and

short selling, 458n;and

speculation, 571; and value, 122;

what is, 525–26; Zweig’s

comments about, 535. See also

specific company or type of

security

Risk Management Association, 501n

Ritter, Jay, 150

Roche Pharmaceutical Co., 410n

Rockefeller family, 185

Rodriguez, Robert, 397, 400

Rogers, Will, 368

Rohm & Haas, 373

Rosen, Jan M., 224n

Ross, Robert M., 97 DEL

Roth, John, 184

Rothschild, Nathan Mayer, 179

Rothschild family, 33, 33n

roulette, 518–19, 519n

Rouse Corp., 234

Rowan Companies, 370

Royce, Charles, 369, 400

Ruane, Bill, 543, 544, 545

Ruettgers, Michael, 342n

“Rule of 72,” 115n, 298 n

“rule of opposites,” 208, 208n

“safety of principle,” 18, 35, 45

safety tests: for bonds, 283–87

San Francisco Real Estate Investors,

447 n

Sanford C. Bernstein & Co., 38n, 181

Santa Fe Industries, 384

Santayana, George, 1

savings accounts, 24, 55, 75, 97

savings and loan associations,

360–61, 360n

savings banks, 89, 97

savings bonds, 24, 108–10, 211

Saxon Industries, 234

Saylor, Michael, 369

SBC Communications, 46, 84, 327

Schilit, Howard, 329

Schloss, Walter J., 541–42, 543–44,

545, 549–50

Schow, Howard, 400

Schultz, Paul, 139n

616 Index