Investment decisions should be based on facts from "summary" of Security Analysis: Fifth Edition by Benjamin Graham,Sidney Cottle,David Le Fevre Dodd,Roger F. Murray,Frank E. Block,Martin L. Leibowitz
The fundamental principle underlying any investment decision is the necessity for it to be based upon a foundation of facts. This principle is critical to the process of security analysis, as it forms the basis for determining the intrinsic value of a security. Without a careful examination and evaluation of the relevant facts, any investment decision is likely to be based on speculation rather than sound analysis. Facts are the building blocks of investment decisions, providing the necessary information for investors to assess the potential risks and rewards associated with a particular security. By relying on facts rather than speculation or emotion, investors can make more informed and rational decisio...
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