A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Born in 1905 in New York City, Kahn grew up in a working‐class household headed by parents who had emigrated from Poland and Russia. After graduating from DeWitt Clinton High School, Kahn went to the City College of New York to study liberal arts. Kahn's bearish outlook further developed after he read about the early‐1920s Florida real estate boom, in which house prices easily doubled in a matter of weeks, and speculators were leveraging heavily by putting down just 10 percent of the property price in cash. Discussing the investment strategy he has applied throughout his career, Kahn said: “Net‐net stocks were easy to find inthe early days. All I had to do was to look over annual reports and study balance sheets." Kahn believed that Wall Street has always been a poor judge of value." Kahn believed that Wall Street has always been a poor judge of value.
Born in 1905 in New York City, Kahn grew up in a working‐class household headed by parents who had emigrated from Poland and Russia. After graduating from DeWitt Clinton High School, Kahn went to the City College of New York to study liberal arts. Kahn's bearish outlook further developed after he read about the early‐1920s Florida real estate boom, in which house prices easily doubled in a matter of weeks, and speculators were leveraging heavily by putting down just 10 percent of the property price in cash. Discussing the investment strategy he has applied throughout his career, Kahn said: “Net‐net stocks were easy to find inthe early days. All I had to do was to look over annual reports and study balance sheets." Kahn believed that Wall Street has always been a poor judge of value." Kahn believed that Wall Street has always been a poor judge of value.
Once Upon a Time on Wall Street
Chan, Ronald W. (author)
The Value Investors ; 42-58
2021-01-26
16 pages
Article/Chapter (Book)
Electronic Resource
English
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