天気の子 Tenki no Ko
Edited: 1 year, 8 months ago
< Plot> Hodaka runs away from home and meets Hina, who can control the weather. They start a business together but are pursued by the police. Hina's power causes her to vanish and Hodaka spends three years on probation. When he returns, he reunites with Hina in a drowned Tokyo and promises to be w…
すずめの戸締まり Suzume no Tojimari
Edited: 1 year, 8 months ago
< Plot > Suzume dreams of searching for her mother and encounters Souta, who locks abandoned doors to prevent earthquakes caused by a supernatural worm. They travel across Japan with the help of Daijin, a cat keystone, to find and seal the worm's doors. Souta eventually turns into a keystone, and …
[1940] Ch. 31 ANALYSIS OF THE INCOME ACCOUNT
1 year, 8 months ago
Summary: The shift in investment analysis from net worth to capitalized earning power in common stocks has introduced new hazards for investors. The focus on earnings per share has become the dominant criterion in determining value, despite its highly fluctuating and manipulable nature. This has…
[1940] Ch. 29 THE DIVIDEND FACTOR IN COMMON- STOCK ANALYSIS
1 year, 9 months ago
Summary: The traditional view of valuing common stock through the dividend rate clashes with corporate management principles, as companies prioritize reinvesting their earnings over paying dividends. While this policy aims to strengthen the company's financial position and increase productive capa…
[1940] Ch. 28 NEWER CANONS OF COMMON- STOCK INVESTMENT
1 year, 9 months ago
TLDR: This chapter argues that the traditional approach to common-stock investment is no longer effective due to increased business instability. The chapter explores three general approaches to investing in common stocks, including investing in growth companies based on their potential for steady …
[1940] Ch. 27 THE THEORY OF COMMON- STOCK INVESTMENT
1 year, 9 months ago
TLDR: Common stock analysis has undergone significant changes over time, shifting from an emphasis on stable dividends and tangible assets to a focus on future earnings and speculation. The introduction of the new-era theory led to the abandonment of traditional investment principles and a relianc…
[1940] Ch. 26 SENIOR SECURITIES OF QUESTIONABLE SAFETY
1 year, 9 months ago
TLDR: The article suggests approaching the field of speculative senior securities through common-stock approach to understand the risk involved. While low-priced bonds and preferred stocks are associated with corporate weakness, they offer contractual obligations that could provide advantages. Wor…
[1940] Ch. 24 TECHNICAL ASPECTS OF CONVERTIBLE ISSUES
Edited: 1 year, 9 months ago
TLDR: Changes to the conversion privilege during the life of an issue are commonly made to either decrease the conversion price, which protects the holder from "dilution," or to increase the conversion price for the benefit of the company based on a sliding-scale arrangement. However, when the sli…
[1940] Ch. 23 TECHNICAL CHARACTERISTICS OF PRIVILEGED SENIOR SECURITIES
1 year, 9 months ago
TLDR: The article delves into the technical aspects of senior securities that have privileged features, with a particular focus on conversion, participation, and subscription. Three critical components of such privileges are identified, namely the extent of profit-sharing, the proximity to realiza…
[1940] Ch. 22 PRIVILEGED ISSUES
1 year, 10 months ago
TLDR: The investment record of privileged senior issues is unimpressive. The article discusses examples of opportunities for such issues from various fields and advises investors to have a clear reason for purchasing them. It highlights the importance of investing in convertible issues with suffic…