NOTES
1. On this point the philosophically inclined are referred to the recent article of David Durand on “Growth Stocks and the Petersburg Paradox,” in the September 1957 issue of the Journal of Finance. His conclusion is “that the growth-stock problem offers no great hope of a satisfactory solution.”
2. “Can We Improve Methods of Appraising Growth Stocks?” by R. A. Bing, Commercial and Financial Chronicle, Sept. 13, 1956; table on p. 24.
a Reprinted from the Financial Analysts Journal (November 1957):11–15. When this article was originally published, Benjamin Graham was a visiting professor of finance at the University of Southern California, Los Angeles.
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