The purchase price is what an investor pays for a security. It is the main component in calculating the returns achieved by the investor.

Learn about Asset Value Per Share, its role in fund valuations, and its impact on investment decisions. Gain insights to compare stock prices against intrinsic values.

The stock market is not a 'voting machine' as Graham suggested; it operates as an auction, with prices set by the most optimistic buyers. Market prices reflect only the valuations of the optimistic ...