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2010 Reprint of 1944 First Edition. In World Commodities and World Currency, Graham offers a global analysis of the systems that could reduce dangerous cycles of price instability in order to achieve stability in a postwar economy. Graham, in an astonishing display of foresight, shows how commodity reserves should play an important part in any economic policy. Throughout the book, Graham maintains that stabilization of commodities offers a comparatively simple technique by which the world could achieve the fourfold objective of foreign-exchange stability, reasonable price stability, protective stockpiles, and -- most importantly -- a balanced expansion of the world's output and consumption of useful goods. Readers today will discover that this landmark book has timely interest. In the aftermath of the Asian currencies collapse, and in the face of the organization of the European Common Union and the merging of European banks into a European Central Bank with one common currency, Graham's warnings about the dangers of a floating currency and his trenchant corrective prescriptions bear even greater relevance than ever.
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Another timeless financial classic by one of the greatest investment geniuses of our time. "Graham's ideas... formed a framework of thinking about the stock market that has inspired the investment community for nearly a century." "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. When it comes to influential investment strategies and groundbreaking economic theories, Benjamin Graham remains the source to be reckoned with. Offering enduring models even for today's complex financial strategies, Graham's revolutionary theories and eloquent writing have influenced both professional and individual investors for more than sixty years. Now modern investors, financial analysts, and other interested readers can enjoy another rare and rewarding glimpse into the timeless social theories and economic strategies of Benjamin Graham, thanks to this newly reissued and handsomely presented facsimile edition of World Commodities & World Currencies. This Benjamin Graham Classic is sure to become a treasured addition to any investor's library.
About the Author:
Benjamin Graham (1894-1976), the father of value investing, has been an inspiration for many of today's most successful businesspeople. He is also the author of Securities Analysis and The Interpretation of Financial Statements.
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- PublisherMartino Publishing
- Publication date2010
- ISBN 10 1578989965
- ISBN 13 9781578989966
- BindingPaperback
- Number of pages194
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