29 November ~ Our custodial broker now has a wonderful new program whereby cash in an account can be FDIC insured for .5 million.
As you may know, the SIPC insurance is only 0,000.
There is no cost to participate and funds are immediately available for investment.Just before he died, Graham was asked whether detailed analysis of individual stocks – a tactic he became famous for – remained a strategy he favored. I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.This was a rewarding activity, say, 40 years ago, when our textbook was first published.The flu virus has killed 731,000 Americans in the last 40 years – more than died in World War II – and not for lack of effort by the medical community. Too many investors view their field like a physicist in the bathtub, searching for something that’s logical and permanent, while not enough view it like a virologist, needing to update their knowledge and tactics to evolve with the chaos of what happens to work now.A virus that mutates and evolves means a vaccine that might work today won’t work tomorrow. Benjamin Graham’s book The Intelligent Investor was published almost 70 years ago, and is still one of the best-selling investment resources.