Download The Stock Market
Author By James H. Lorie & Mary T. Hamilton
An outstanding summary of setting pleasant capital market precept and associated literature. Sometimes citied in several analysis. The authors, James H. Lorie and Mary Hamilton, Kimpton recognized that the price of a companies stock is set by expectations referring to future earnings of the company and by the speed at which these earnings are discounted. In a world of no uncertainty, all securities would provide a positive return equal to the precise charge of return in capital.
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