What Free Cash Flow can Mean What Happens When the Bubble Bursts on Wall Street

What Happens if Common Stocks are Overvalued

If we assume that it is the habit of the market to overvalue common stocks which have been showing excellent growth or are glamorous for some other reason, it is logical to expect that it will undervalue -- relatively, at least -- companies that are out of favor because of unsatisfactory developments of a temporary nature.

More by Benjamin Graham

Related Tips