\u05dc\u05d9\u05d1\u05e8\u05de\u05d5\u05e8<\/a>: "\u05d0\u05e0\u05d9 \u05de\u05d5\u05e6\u05d0 \u05d0\u05ea \u05d4\u05d8\u05d5\u05d1 \u05d1\u05d9\u05d5\u05ea\u05e8 \u05dc\u05d4\u05d9\u05de\u05e0\u05e2 \u05dc\u05d7\u05dc\u05d5\u05d8\u05d9\u05df \u05de\u05d4\u05e2\u05e0\u05e4\u05d9\u05dd \u05d4\u05d7\u05dc\u05e9\u05d9\u05dd. \u05e2\u05dc\u05d9 \u05dc\u05d4\u05d9\u05de\u05e0\u05e2 \u05d1\u05de\u05d9\u05d5\u05d7\u05d3 \u05de\u05d4\u05de\u05e0\u05d9\u05d5\u05ea \u05d1\u05de\u05d7\u05d9\u05e8 \u05e0\u05de\u05d5\u05da \u05d9\u05d5\u05ea\u05e8 \u05e9\u05d0\u05d9\u05df \u05dc\u05d4\u05df \u05d1\u05e1\u05d9\u05e1 \u05e4\u05d9\u05e0\u05e0\u05e1\u05d9 \u05d9\u05e6\u05d9\u05d1. \u05de\u05db\u05d9\u05d5\u05d5\u05df \u05e9\u05db\u05d0\u05e9\u05e8 \u05e9\u05e2\u05e8\u05d9 \u05d4\u05de\u05e0\u05d9\u05d5\u05ea \u05d4\u05d5\u05dc\u05db\u05d9\u05dd \u05d5\u05d9\u05d5\u05e8\u05d3\u05d9\u05dd, \u05e0\u05d9\u05d9\u05e8\u05d5\u05ea \u05e2\u05e8\u05da \u05d4\u05de\u05d9\u05d9\u05e6\u05d2\u05d9\u05dd \u05ea\u05e2\u05e9\u05d9\u05d5\u05ea \u05d7\u05dc\u05e9\u05d5\u05ea \u05d0\u05dc\u05d4 \u05d4\u05dd \u05d4\u05e8\u05d0\u05e9\u05d5\u05e0\u05d9\u05dd \u05dc\u05e8\u05d3\u05ea \u05d5\u05d4\u05dd \u05de\u05ea\u05d0\u05d5\u05e9\u05e9\u05d9\u05dd \u05e8\u05e7 \u05d1\u05e7\u05d5\u05e9\u05d9 \u05d4\u05d2\u05d3\u05d5\u05dc \u05d1\u05d9\u05d5\u05ea\u05e8.\u00a0<\/b><\/p>\n\u05dc\u05e4\u05d9\u05db\u05da, \u05e2\u05dc\u05d9\u05e0\u05d5 \u05dc\u05d4\u05d9\u05de\u05e0\u05e2 \u05de\u05dc\u05d4\u05d9\u05ea\u05dc\u05d5\u05ea \u05d1\u05de\u05e0\u05d9\u05d5\u05ea \u05d4\u05d6\u05d5\u05dc\u05d5\u05ea \u05d4\u05dc\u05dc\u05d5, \u05d5\u05d7\u05d1\u05e8\u05d5\u05ea \u05e9\u05de\u05de\u05d5\u05de\u05e0\u05d5\u05ea \u05d1\u05e6\u05d5\u05e8\u05d4 \u05d2\u05e8\u05d5\u05e2\u05d4 – \u05e9\u05db\u05df \u05d1\u05dc\u05d9 \u05d4\u05d5\u05df \u05d7\u05d5\u05d6\u05e8 \u05de\u05e1\u05e4\u05d9\u05e7, \u05d7\u05e9\u05e9\u05d5\u05ea \u05db\u05d0\u05dc\u05d4 \u05d9\u05ea\u05e7\u05e9\u05d5 \u05dc\u05d4\u05ea\u05de\u05d5\u05d3\u05d3 \u05ea\u05d7\u05ea \u05ea\u05d7\u05e8\u05d5\u05ea \u05e7\u05e9\u05d4.<\/b><\/p>\n
\u05d1\u05d3\u05d9\u05d5\u05e7 \u05db\u05de\u05d5 \u05d4\u05d9\u05d9\u05ea\u05d9 \u05e0\u05de\u05e0\u05e2 \u05de\u05d4\u05ea\u05e2\u05e9\u05d9\u05d5\u05ea \u05d4\u05d7\u05dc\u05e9\u05d5\u05ea \u05d5\u05d4\u05de\u05e0\u05d9\u05d5\u05ea \u05d4\u05d7\u05dc\u05e9\u05d5\u05ea. \u05d0\u05d6 \u05d4\u05d9\u05d9\u05ea\u05d9 \u05de\u05e2\u05d3\u05d9\u05e3 \u05d0\u05ea \u05d4\u05ea\u05e2\u05e9\u05d9\u05d5\u05ea \u05d4\u05d7\u05d6\u05e7\u05d5\u05ea \u05d5\u05d0\u05ea \u05d4\u05de\u05e0\u05d9\u05d5\u05ea \u05d4\u05d7\u05d6\u05e7\u05d5\u05ea \u05d1\u05d9\u05d5\u05ea\u05e8. \u05d4\u05d9\u05d9\u05ea\u05d9 \u05d1\u05d5\u05d7\u05e8 \u05d1\u05ea\u05e2\u05e9\u05d9\u05d5\u05ea \u05d4\u05e2\u05d5\u05de\u05d3\u05d5\u05ea \u05d1\u05e4\u05e0\u05d9 \u05e2\u05ea\u05d9\u05d3 \u05de\u05d1\u05d8\u05d9\u05d7 \u05d1\u05d9\u05d5\u05ea\u05e8 \u05e2\u05d3 \u05db\u05de\u05d4 \u05e9\u05e0\u05d9\u05ea\u05df \u05dc\u05e8\u05d0\u05d5\u05ea \u05d1\u05ea\u05e0\u05d0\u05d9\u05dd \u05d4\u05e0\u05d5\u05db\u05d7\u05d9\u05d9\u05dd. \u05e2\u05dc\u05d9\u05e0\u05d5, \u05db\u05de\u05d5\u05d1\u05df, \u05dc\u05d4\u05d9\u05d5\u05ea \u05de\u05e1\u05d5\u05d2\u05dc\u05d9\u05dd \u05d5\u05de\u05d5\u05db\u05e0\u05d9\u05dd \u05dc\u05e9\u05e0\u05d5\u05ea \u05d0\u05ea \u05ea\u05d7\u05d6\u05d9\u05d5\u05ea\u05d9\u05e0\u05d5 \u05dc\u05d0\u05d5\u05e8 \u05d4\u05d4\u05ea\u05e4\u05ea\u05d7\u05d5\u05d9\u05d5\u05ea \u05d4\u05de\u05d2\u05d9\u05e2\u05d5\u05ea \u05de\u05d9\u05d5\u05dd \u05dc\u05d9\u05d5\u05dd".<\/b><\/p>\n
In selecting securities. it is onl)' necessary for an investor to determine which industries are in the strongest position. which are less strong and which are comparatively weak. very weak etc.<\/p>\n
Many investors do not discriminate between strong and weak stocks: and in fai1ing to recognize these essential differences. they place themselves in a position to lose many excellent investment opportunities.
\nAs Mr. Livermore says: ."I Find it best to avoid the weak industries entirely. i should particularly avoid the lower priced stocks that have not a firm financial foundation. because when a declining movement does set in, securities representing these weak industries are the first to go and they recover only with the great!est difficulty. Thus. we should avoid getting hung up with these cheap stocks , and companies that are poorly financed \uff0cfor without ample working capital such concerns will have a hard row to hoe under severe
\ncompetition.
\nJust as I would avoid the weak industries and the weak stocks. so I would favor the strongest industries and the strongest stocks. I would choose those industries that face a most promising future so far as can be seen under present conditions. We must, of course,\u00a0 be able and willing to revise our forecasts in the light of developments that come to hand frorn day to day.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u05d1\u05d1\u05d7\u05d9\u05e8\u05ea \u05e0\u05d9\u05d9\u05e8\u05d5\u05ea \u05e2\u05e8\u05da, \u05d7\u05e9\u05d5\u05d1 \u05dc\u05de\u05e9\u05e7\u05d9\u05e2 \u05dc\u05e7\u05d1\u05d5\u05e2 \u05d0\u05d9\u05dc\u05d5 \u05ea\u05e2\u05e9\u05d9\u05d5\u05ea \u05d4\u05d7\u05d6\u05e7\u05d5\u05ea \u05d1\u05d9\u05d5\u05ea\u05e8, \u05d5\u05d0\u05dc\u05d5 \u05e9\u05d4\u05dd \u05e4\u05d7\u05d5\u05ea \u05d7\u05d6\u05e7\u05d9\u05dd, \u05d5\u05d0\u05dc\u05d5 \u05d4\u05d7\u05dc\u05e9\u05d5\u05ea. \u05de\u05e9\u05e7\u05d9\u05e2\u05d9\u05dd \u05e8\u05d1\u05d9\u05dd \u05d0\u05d9\u05e0\u05dd \u05de\u05d1\u05d3\u05d9\u05dc\u05d9\u05dd \u05d1\u05d9\u05df \u05de\u05e0\u05d9\u05d5\u05ea \u05d7\u05d6\u05e7\u05d5\u05ea \u05dc\u05d7\u05dc\u05e9\u05d5\u05ea: \u05d5\u05d1\u05db\u05d3\u05d9 \u05dc\u05d4\u05db\u05d9\u05e8 \u05d1\u05d4\u05d1\u05d3\u05dc\u05d9\u05dd \u05d4\u05de\u05d4\u05d5\u05ea\u05d9\u05d9\u05dd \u05d4\u05dc\u05dc\u05d5. \u05d4\u05dd<\/p>\n","protected":false},"author":4,"featured_media":49155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40824,40817,40804,40802,40801],"tags":[41221,41222,41220,41223],"class_list":["post-49165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-40824","category-40817","category-40804","category-40802","category-40801","tag-41221","tag-41222","tag-41220","tag-41223"],"_links":{"self":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/posts\/49165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49165"}],"version-history":[{"count":0,"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/posts\/49165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/media\/49155"}],"wp:attachment":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}