Ludwig von Mises‚ Meet Benjamin Graham: Value Investing from an Austrian Point of View Chris Leithner Leithner & Co. Pty Ltd Leithner Investments Pty Ltd Level 3‚ Benson House 2 Benson Street Toowong‚ Queensland‚ Australia chris@leithner.com.au www.leithner.com.au Paper Prepared for “Austrian Economics and Financial Markets” The Venetian Hotel Resort Casino Las Vegas‚ 18-19 February 2005 I acknowledge the helpful comments of Robert Blumen and Prof Roger Garrison. DRAFT – FURTHER COMMENTS WELCOME
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Revolutions of 1848 The Revolutions of 1848 were a series of democratic revolts against the monarchies of Europe. This was a very interesting because the revolutions stemmed from a wide variety of causes‚ and they were not necessarily coordinated/related. The revolutions were generally not a success‚ and the revolutions were suppressed and the monarchs of Europe were able to hang on to power. The Revolutions were also very violent‚ tens of thousands of people were killed. The Revolutions of 1848 failed
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vdsdsvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv- vsxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx- xxxxxxxxxxxxxxxxxxxxx The Liberal government of 1896 to 1915 was be-set by many different problems‚ these included the Italian economic situation and problems with the Catholic church. They
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return to a gold standard. Foreign nations became dependent on the United States’ prosperity because economic problems‚ such as crop failures‚ were affecting their stability. This along with many other factors developed America’s strong sense of nationalism. The concept of social Darwinism was applied not only to domestic concerns‚ but to foreign concerns as well. Americans felt that their previous abilities to empower themselves over the Native Americans set as a precedent for their capability to
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importance of patriotism in the lives of Today’s youth? Yahoo answer Patriotism is a love for one’s country and a desire to make her better. It is contrasted with simple nationalism (or jingoism) in that nationalism and jingoism represent a blind loyalty to one’s country even when it wrong (an example would be the people of Nazi Germany). Patriotism‚ on the other hand‚ recognizes when its nation is wrong and fights to correct the wrong even as it supports that nation. Patriotism is important in the
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Midterm The idea of nationalism is a new and complex phenomenon. It is difficult to gain an exact definition was what and how nationalism came to be‚ however there are popular ideas and theories. Two of the main approaches to understanding nationalism is through Anthony Smiths idea of primordialist and Benedict Anderson’s constructivist approach. The primordialist approach explained by Smith is the idea that nations are natural phenomenon which are that have been around since the beginning of
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Germany had just lost the war and was being blamed for everything. They needed a strong‚ powerful leader. That’s when Hitler came into the picture. Adolf Hitler became Germany’s dictator for over 10 years‚ broke the Treaty of Versailles multiple times‚ and caused the deaths of millions of poor and innocent people during the Holocaust. War conquest is what Adolf Hitler was aiming to do. He started war with Europe and then proceeded to majority of the world‚ leading to the most aggressive war of all
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Austria Hungary in 1914 The Dual Monarchy before WWI The Austro-Hungarian Empire was established in 1867 by the Ausgleich (Compromise) by Austria and Hungary. They both became self-governing states under a common monarch‚ the ruling Habsburg. Each had its own parliament for internal affairs‚ but foreign policy‚ war and finance were decided by common ministers. In the summer of 1914‚ on June 28th the Archduke Franz Ferdinand was attending army maneuvers in Bosnia. He was accompanied by
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The Allied strategic bombing of Germany was very significant in the context of the war but did not have a large effect in the long term. In this essay I will be looking at the considerable effects of bombing on the German people‚ the German economy and the Eastern front in the short term. I will also be looking at the lack of long term impact on these areas and on warfare. Bombing had a huge effect on the people of Germany during World War Two as it significantly affected a large number of people
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This campaign advertisement for Lewis Cass in the election of 1848 targeted male farmers and slave owners in the South. This is because women still could not vote‚ and many “conscience-Whigs” in the North‚ were in support of the presidential candidate Zachary Taylor‚ so it would be best for Cass to turn to the South for support. Also‚ some in the South began supporting Zachary Taylor‚ for they had assumed that since both Taylor and Andrew Jackson were great war heroes‚ they would have similar qualities
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