The Intelligent Investor Link

The Intelligent Investor

Author: enjamin Graham
Publisher: HarperBusiness; Rev Sub edition
ISBN: 0060555661
Language: English
Category: Books,Business & Money,Investing,




This classic text is annotated to update Graham's timeless wisdom for today's market conditions...

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

This classic text is annotated to update Graham's timeless wisdom for today's market conditions...

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

The Intelligent Investor Link

This book is light reading compared to Ben Graham's seminal tome, Security Analysis. It's easier to read, and shorter. It's also more up to date. Highly recommended for investors of any stripe, value or growth. The appendix, from Warren Buffett's speech at Columbia University is particularly entertaining, as he debunks academia's love affair with efficient market theory. Jason Zweig, an obvious Graham disciple, does a fantastic job bringing the book's principles to life through modern examples. The only grating thing is his constant derision of brokers or anyone that actually gets paid to manage money. (full disclosure: I'm an analyst now and was a broker for 10 years).

Ben Graham clearly invested in the stock market during a period of hustlers, crooks, crashes, and frauds. Brokers, investment bankers and analysts back then were not much more than fast-talking salesmen. Wait a minute, that sounds just like the way things are today on Wall Street! Things may not have changed as much as we would like to think. Due to his travails as an investor in difficult markets, Ben Graham's investment style evolved into a systematic, logical approach which became the basis for value investing. In "The Intelligent Investor", Graham lays out the foundation of value investing by three introducing key principles: the idea of "Mr. Market", a value-oriented disciplined approach to investing, and the "margin of safety" concept.

"Mr. Market."

The stock market on a daily basis resembles a casino, only without the comfort of free cocktails. Watching the stock ticker is like having a business partner that is totally schizophrenic; Graham calls him "Mr. Market." One day he loves the business and wants to pay a ridiculous price to buy out your half.
Since I am retired and trying to manage my own portfolio, I figured this would be the book to read. I know how to pick 4 or 5 star funds and diversify well enough, but I don't have enough theory or any formal financial background at all. I was looking for a classic book on the subject, one that a financial novice could understand, and decided to read this one.

Benjamin Graham is known as the Father of Value Investing and was the mentor of Warren Buffett, the most successful investor of all time. Warren Buffett called the Intelligent Investor `the best book about investing ever written.' He believed in defensive, value investing, and famously summarized his philosphy as follows: "An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative."

I found that `value investing' means that you buy only something that is being sold below its actual value, like buying dollar bills for 40 cents each, he said. One should take the quantitative (statistical) instead of the qualitative (predictive) approach, since no one can forecast the future anyway. Look at what a security is really worth in a business-like way, just like you would do for any purchase, ignoring what others might think. Do your homework is what he is saying!

According to Graham, almost everybody, me included, does investing wrong. You are supposed to buy low and sell high, but most folks buy when the price is going up and sell when it is coming down. `Mr. Market' is very emotional and encourages stampedes toward whatever looks good at the moment, and away from investments that seem spent.

  • Bogle On Mutual Funds

    Bogle On Mutual Funds
    Written in terms equally accessible to both the investing novice and the professional investor, this book is an important resource offering a reliable investment framework. This book will help you to become a more successful investor.


  • Ben Graham Was a Quant

    Ben Graham Was a Quant
    This is exactly what Ben Graham Was a Quant will show you how to do.


  • Common Sense on Mutual Funds

    Common Sense on Mutual Funds
    This new edition of Common Sense on Mutual Funds will send you marching into the financial markets with a sense of mission." Jonathan Clements, author of The Little Book of Main Street Money "When the history of modern investment ...


  • intelligent investor

    intelligent investor
    Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.


  • The Education of a Value Investor

    The Education of a Value Investor
    He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward.


  • Summary The Intelligent Investor

    Summary: The Intelligent Investor
    Complete summary of Benjamin Graham's book:"The intelligent investor: The Classic Text on Value Investing" This summary of the ideas from Benjamin Graham's book "The Intelligent Investor" outlines the behavior of the intelligent investor ...


  • The Intelligent Asset Allocator How to Build Your Portfolio to Maximize Returns and Minimize Risk

    The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk
    A breath of fresh air for investors tired of overly technical investment tomes, this book will help investors: Learn the risk/reward characteristics of various investment types Understand and apply portfolio theory for an improved ...


  • Business Adventures

    Business Adventures
    Five additional stories on equally fascinating subjects round out this wonderful collection that will both entertain and inform readers . . . Business Adventures is truly financial journalism at its liveliest and best.


  • The Pocket Idiot s Guide to Investing in Mutual Funds

    The Pocket Idiot's Guide to Investing in Mutual Funds
    Then click on the link to “Brokerage services for investing in stocks, bonds, and nonVanguard funds. ... mutual funds, two books we recommend are: Bogle, John C. Common Sense on Mutual Funds: NewImperatives for the Intelligent Investor.


  • The Smartest Investment Book You ll Ever Read

    The Smartest Investment Book You'll Ever Read
    Presents a plan for personal financial success that emphasizes the use of trusted, brand-name fund managers, and shows investors how to create and monitor portfolios while avoiding common investment mistakes.


  • Jesus Money and Me

    Jesus, Money, and Me
    Discovering the Link Between Your Money and Your Faith Ron L. Jones. Curing a Spiritual ... He wrote the 1949 classic The Intelligent Investor, thought by many to be the most important book ever written for the individual investor. Money ...


  • Charlie Munger

    Charlie Munger
    This book is not simply about stock picking, it's about cultivating mental models for your whole life, but especially for your investments.


  • The Most Important Thing Illuminated

    The Most Important Thing Illuminated
    This edition features a foreword from Bruce Greenwald.


  • Rule 1

    Rule #1
    Rule #1, as famed investor Warren Buffett will tell you, is don’t lose money. Through an intriguing process that I’ll clarify in this book, not losing money results in making more money than you ever imagined.


  • Investment Risk and Uncertainty

    Investment Risk and Uncertainty
    Advanced Risk Awareness Techniques for the Intelligent Investor Steven P. Greiner. 1 ... When T= tthe fon/vard has immediate expiry and we can again link fonrvard LIBOR to spot LIBOR. Spot LIBOR rates with tenors up to a year are common ...


  • The Real Estate Game

    The Real Estate Game
    Describes the opportunities and risks of commercial and residential real-estate investment, offering advice on finding the right property, financing, development, and sale


  • The Intelligent Portfolio

    The Intelligent Portfolio
    Praise for The Intelligent Portfolio "This is one of those rare investment books that actually raises your investment IQ. Christopher Jones's ten basic rules get investors focused on what really matters.


  • InfoWorld

    InfoWorld
    The Intelligent Investor system costs an initial $100 service fee and a minimum monthly fee of $45, which includes 20 screens of data. Desktop Broker Inc., 300 Montgomery St., San Francisco, CA 94104; (800) 332-1414. 0* Mac Link is a data  ...


  • The Einstein of Money

    The Einstein of Money
    Clearly, anyonewho writes that “the stockmarket often goes far wrong” 33inabook titled The Intelligent Investor is a ... In his 2004 book Value Investing Today, Charles Brandes forges the link more explicitly by making frequent reference to Mr.


  • Financial Statement Analysis and Security Valuation

    Financial Statement Analysis and Security Valuation
    The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing, an investment approach Graham began teaching at Columbia Business School in 1928 and subsequently refined with David ...


Subscribe to receive free email updates:

0 Response to "The Intelligent Investor Link"

Post a Comment

Note: Only a member of this blog may post a comment.