A long-awaited reissue of a timeless classic from the father of security analysis. Considered by top Wall Street investors to be enduring models even for today's complex financial strategies, Graham's eloquent and groundbreaking theories have influenced and guided both professional and individual investors fro more than half a century. In Storage and Stability, his 1937 study on supply and demand, production and consumption, and their impact on value investing, readers will catch a rare and rewarding glimpse into Graham's social theories and their impact on his investment strategies. The reissue of this historic masterpiece ushers in the new Benjamin Graham Classics series, and is sure to earn a coveted place on any investor's bookshelf.
'Graham ranks as this century's (and perhaps history's) most important thinker on applied portfolio investment.' John Train, writing in The Money Masters 'Graham's ideas...formed a framework of thinking about the stock market that has inspired the investment community for nearly a century.' SmartMoney 'Graham's method of investing is as relevant today as it was when he first espoused it during the Roaring Twenties.' Investor's Business Daily
Part One - The Challenge of Surplus 1. The changing role of surplus stocks 2. Government and surplus stocks 3. The problem of conserving surplus Part Two - The Commodity Reservoir 4. A plan for conserving surplus 5. The reservoir system and the individual commodities 6. The question of price stability 7. The reservoir system and the general business cycle 8. Ultimate uses of the stored commodity units 9. The cost of the reservoir plan Part Three - Monetary Aspects Of The Reservoir Plan 10. The currency of the US 11. The status of gold and silver 12. Commodity-backed versus other currency 13. The reservoir plan and credit control Part Four - Agricultural Relief and The Ever-Normal Granary 14. Farm problems and remedies 15. The 1937 farm legislation - The Ever-Normal Granary 16. The Reservoir plan versus crop control as a method of farm relief Part Five - Other Aspects Of The Reservoir Plan 17. International aspects of the plan 18. Precedents and related proposals 19. The reservoir plan and the Democratic tradition Chapter Notes Appendix I Tables III to X Appendix II Index