"The tests which are the subject of this discussion were devised to disclose how much reliance could be replaced upon …"

"It is assumed that the reader is familiar with some, at least, of the various conceptions of the business cycle curre…"

"Labor seeking higher wages is, in part, attacking the value of the dollar; farmers seeking higher prices for their pr…"

""Safety of principal," yes—that is the first essential. But what is "principal"—is it merely the obligation of some s…"

"We have found that there is a force at work in our common stock holdings which tends ever toward increasing their pri…"

"The economists would say that it is the upward "Secular Trend" that favors common stocks as opposed to bonds, so long…"

"In periods of high interest rates, such as were current in 1866, long term bonds are not freely offered, as the manag…"

"All lenders of money, particularly bondholders, favor an appreciating currency. No other class is always actively in …"

"In 1924, Edgar Lawrence Smith, an obscure economist and financial advisor, wrote Common Stocks as Long Term Investmen…"

"Scientific education is catholic; it embraces the whole field of human learning. No student can master all knowledge …"