Mastering Timing and Pricing
by Gerardo Del Real
In The Intelligent Investor — one of the most important books ever written on the subject of investing and speculating — Benjamin Graham explains that all stocks are subject to wide fluctuations in price…
And that the intelligent investor should be interested in the possibility of profiting from these pendulum swings.
He goes on to explain that there are two possible ways to do this: timing and pricing.
The pricing method requires buying stocks below their fair value and selling them when they rise above such value.