Reserve and stability

Author: Benjamin Graham
Publisher:
Publication Date: 2000-03-01
Features: For every reader of Security Analysis – Benjamin Graham’s legendary contribution to the world of investing – there’s a unique opportunity here to rediscover another of his groundbreaking classic works. Benjamin Graham is considered one of the most gifted investors of our time. The reissue of his Reserve and Stability is long-awaited, offering a fascinating glimpse into the economic environment of the Great Depression and drawing our attention to disruptive events parallel to today’s global economy. When Benjamin Graham wrote this book in 1937, the world was in the middle of the Great Depression. Written as a blueprint for economic recovery, the book aimed to inspire governments and the public to strengthen financial awareness. Based on years of dedicated research, Graham’s new theory emphasizes the inherent importance of supply and demand, production and consumption, and their intrinsic impact on value investing. Reserve and Stability outlines Graham’s revolutionary plan to regulate supply and demand, stabilize prices, and stimulate the economy. With a trained mind and certain logical analysis, the author proposes a special strategy: first, to acquire excessive raw materials through self-funding to create commodity reserves, and then to make them available for consumption when needed. According to Graham’s perspective, this novel "reserve plan" would play a role in regulating supply and demand, stabilizing prices, and improving the overall standard of living.