Book Review: Intelligent Investor by Benjamin Graham – A book of practical counsel
Intelligent investor, a well known name among the investment reference guides, is a classic by grate investor Benjamin Graham. An investor, it providing the emotional framework and analytical tools to financial success. You can experience the same throughout the chapters.
When published first in 1934 coauthored with David Dodd, ‘Intelligent Investor’ still holding its Best Seller position among the investment reference books. It has revised in the year of 1973 where adding a new commentary from Jason Zweig and preface and appendix by grate investor Warren Buffett with his comment “By far the best book on investing ever written’ clearly indicate the value of Intelligent Investor.
The definite book on value investing, Intelligent investor open the door for must have knowledge through its 20 lessons. In the preface Warren Buffett says,
“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline.
If you follow the behavioral and business principles that Graham advocates—and if you pay special attention to the invaluable advice in Chapters 8 and 20—you will not get a poor result from your investments. (That represents more of an accomplishment than you might think.)
Whether you achieve outstanding results will depend on the effort and intellect you apply to your investments, as well as on the amplitudes of stock-market folly that prevail during your investing career. The sillier the market’s behavior, the greater the opportunity for the business-like investor. Follow Graham and you will profit from folly rather than participate in it”
If you follow the behavioral and business principles that Graham advocates—and if you pay special attention to the invaluable advice in Chapters 8 and 20—you will not get a poor result from your investments. (That represents more of an accomplishment than you might think.)
Whether you achieve outstanding results will depend on the effort and intellect you apply to your investments, as well as on the amplitudes of stock-market folly that prevail during your investing career. The sillier the market’s behavior, the greater the opportunity for the business-like investor. Follow Graham and you will profit from folly rather than participate in it”
As Buffett say’s, in Chapter 8 Benjamin Graham teach us how to form your mind and avoid panic at the time of heavy market fluctuations thorough a well framed example of Mr. Market
In Chapter 20, Graham explaining the use of his classical formula “Margin of Safety” to analyze and pick grate stocks. Later, his students like Warren Buffet, followed and successfully tested this formula during his stock selection.
In the word of Jason Zweig,
“The Intelligent Investor is the first book ever to describe, for individual investors, the emotional framework and analytical tools that are essential to financial success. It remains the single best book on investing ever written for the general public”.
Yes, this is the best book ever written for general public to clear out the darkness about investing. It is a must read and having this book is same as to have a Gem in your library..”
Best luck and happy investing
In Chapter 20, Graham explaining the use of his classical formula “Margin of Safety” to analyze and pick grate stocks. Later, his students like Warren Buffet, followed and successfully tested this formula during his stock selection.
In the word of Jason Zweig,
“The Intelligent Investor is the first book ever to describe, for individual investors, the emotional framework and analytical tools that are essential to financial success. It remains the single best book on investing ever written for the general public”.
Yes, this is the best book ever written for general public to clear out the darkness about investing. It is a must read and having this book is same as to have a Gem in your library..”
Best luck and happy investing
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Great book, The classic bestseller by Benjamin Graham, perhaps the greatest investment advisor of the Twentieth Century, The Intelligent Investor has taught and inspired hundreds of thousands of people worldwide. Since its original publication in 1949, Benjamin Graham's book has remained the most respected guide to investing.
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