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Qin Shi Huang agreed, and sent archers to kill the giant fish. C., when asked by Qin Shi Huang, Xu Fu claimed that there was a giant sea creature blocking his way, and asked the archers to kill the creature. Xu Fu sailed for several years without finding the mountain. C., Xu Fu was sent with three thousand virgin boys and girls to retrieve the elixir of life from the immortals, including Anqi Sheng, who supposedly lived on Penglai Mountain in the East Sea. He entrusted Xu Fu with the task of finding the secret of immortality. But then the analysts will justify the price by saying, “Well investors are buying for the future.” Note, all investors in all stocks are always “buying for the future.The ruler of Qin, Qin Shi Huang feared death and searched for a way to live forever. Using a Price Earnings Ratio-sometimes the Gold Standard for financial analysts-all these issues are beyond expensive. That is only about 3.5 percent annual return, which is nothing.Ĭertainly, individual stocks can be fantastic like we have seen even this year with issues like Tesla, Apple, and Amazon. But with inflation, that increase is only about 80 percent and after 20 years, a $10,000 investment is worth $18,000. It recently set a new record at about 28,000 for a 130 percent increase. The Dow Jones Industrial Average made history in January 2000 at about 12,000. What cost $10,000 in 2000 would cost $15,000 in 2020, so you need a 50 percent return to break even. The analysts would decide which stock price was “expensive” and which one was “cheap.” They used all their financial formulas not unlike the ancient alchemists.īut they are mostly like English alchemist James Price who committed suicide when challenged to perform the turning of mercury into gold in front of credible witnesses.
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Of course Papa Bear’s bed was hard because it was built for a bear that weighed 250 kilograms not a 40 kg little girl. The analysts would become like Goldilocks, who was an expert on which bed was too hard. What the financial analysts did was like Florey deciding then to create an elixir of immortality. In 1939 Australian pharmacologist Howard Florey and his team of chemists figured out a way of purifying penicillin in useable quantities. This is to insure that the truth of the company’s finances is accurately reflected in the FS.Īt some point though, the Financial Analysts decided that they could use their experience with Financial Statements to determine what a listed company’s stock price should be. The Income Statement shows how much and from what sources money comes in and to whom and for what purposes money is spent.Ī Financial Analyst performs a serious function by examining the details of the FS and the facts behind the numbers. The Balance Sheet enumerates what is owned and what is owed. Modern chemistry helped create the world we live in-from the clothes we wear, the gadgets we use, and the abundance of food we eat.Ī company’s Financial Statement (FS) is a simple document. You have to give them credit for aiming high.Īround 1720, a distinction began between alchemy and chemistry, and the rest is history. Actually, these men-and women like Mary the Jewess and Paphnutia the Virgin-were interested in turning lead into gold and creating an elixir of immortality. “Alchemists attempted to purify, mature, and perfect certain material,” the historical definition. Alchemy dates back some 2,000 years and was practiced throughout Europe, Africa and Asia.
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