The Intelligent Investor Book By Benjamin Graham (PDF-Summary-Download-Review-Online Reading)

image

The Intelligent Investor Book By Benjamin Graham, First Published in 1949, is a Widely Acclaimed Book on Value investing.

The Book of The Intelligent Investor By Benjamin Graham The Smart Investor is based on value investing, an investment approach that Graham began teaching at the Columbia Business School in 1928 and later perfected with David Dodd. This feeling was repeated by other Graham disciples such as Irving Kahn and Walter Schloss.

The smart investor also marks a significant deviation from the selection of values ​​from Graham's previous work, such as safety analysis. He explained the change as:

What I have been emphasizing in my own work over the past few years has been the group approach. To try to buy groups of shares that meet a simple criterion to be undervalued, regardless of the industry and with very little attention to the individual company ... I discovered that the results were very good for 50 years. They certainly did twice as well as the Dow Jones. And so, my enthusiasm has been transferred from the selective approach to the group.

Book Summary
The Intelligent Investor is based on value investing, an investment approach that Graham began teaching at the Columbia Business School in 1928 and later perfected with David Dodd. This feeling was repeated by other Graham disciples such as Irving Kahn and Walter Schloss.

The smart investor also marks a significant deviation from the selection of values ​​from Graham's previous work, such as safety analysis. He explained the change as:

What I have been emphasizing in my own work over the past few years has been the group approach. To try to buy groups of shares that meet a simple criterion to be undervalued, regardless of the industry and with very little attention to the individual company ... I discovered that the results were very good for 50 years. They certainly did twice as well as the Dow Jones. And so, my enthusiasm has been transferred from the selective approach to the group.

Book Club Questions

Book Review
Among the investment book library that promises flawless strategies for wealth, Benjamin Graham's classic, The Intelligent Investor, offers no guarantees or tricks but overflows with the wisdom at the center of all good portfolio management.

The hallmark of Graham's philosophy is not profit maximization but loss minimization. In this regard, The Intelligent Investor is a book for true investors, not for speculators or daily traders. He provides, "in a form suitable for the laity, guidance in the adoption and execution of an investment policy." This policy is inherently long term and requires a commitment of effort. When the speculator follows market trends, the investor uses discipline, research, and analytical capacity to make unpopular but solid investments in the negotiations in relation to the value of the current asset. Graham trains the investor to develop a rational plan to buy stocks and bonds and argues that this plan should be a bulwark against emotional behavior that will always be tempting during bullish and steep bearish markets.

Since it was first published in 1949, Graham's investment guide has sold more than a million copies and has been praised by luminaries such as Warren E. Buffet as "the best investment book ever written." These compliments are well deserved. In its new form, with comments on each chapter and extensive footnotes prepared by Senior Money editor Jason Zweig, the classic is now updated in light of changes in investment vehicles and market activities since 1972. What remains is a better book. Graham's wise advice, analytical guides and warning tales are still valid for the contemporary investor, and Zweig's comments demonstrate the relevance of Graham's principles in light of the market trends of the 1990s and early XXI century. --Patrick O'Kelley

About The Author
Benjamin Graham (May 8, 1894 – September 21, 1976) was an American economist and professional investor. Graham is considered the first proponent of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book Security Analysis. Disciples of value investing include Jean-Marie Eveillard, Warren Buffett, William J. Ruane, Irving Kahn, Hani M. Anklis, and Walter J. Schloss. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons, Howard Graham Buffett and Thomas Graham Kahn, after him.

Buy From Amazon

Notice

Commenting only available for logged in users