For a book that's now 47 years old, the principles remain as current today as they did when the book was written. This edition is actually the 2003 issue with at least 4 revisions.
It's not a light read, being almost 600 pages and contains more than enough information and tools to make informed investment decisions. It should be in every serious investors library.
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Provides insight in how to look at stocks in the market as individual businesses instead of stocks. Full of great information on valuing a company based on shares outstanding, share price and earnings per share over your investment timeline brought back to current present value. Among other lessons
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Provides insight in how to look at stocks in the market as individual businesses instead of stocks. Full of great information on valuing a company based on shares outstanding, share price and earnings per share over your investment timeline brought back to current present value. Among other lessons
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Top reviews from other countries
BhaveshB.O.T™
🔴#1 HONEST(Unbiased) REVIEW of The Intelligent Investor "Investment Book For Lifetime"
Reviewed in India 🇮🇳 on May 30, 2019Verified Purchase
BhaveshB.O.T™
Reviewed in India 🇮🇳 on May 30, 2019
*Book: "You either get the idea in the first five minutes, or you don't get it at all", said Warren Buffet in the epilogue.
- I would add - you don't necessarily need to read all 550 pages, but you must read through the idea of value investing - and it will change your way of looking at the world.
- I always felt confused and amazed by listening to all the ridiculous fuzz that comes from the Wall Street through TV and the internet. The book explains why.
🔴Several rules I noted into my keep:
፨ - Investor buys the business [based on its price/value], speculator buys the stock [based on an absurd believe that he can foresee where the stock price will go].
፨ - The best way to earn adequate return without any trouble whatsoever is to invest into cheap (low maintenance cost) indexes; use dollar averaging (buy every month instead of once at a random point of time) for smoothing the luck involved.
፨ - For enterprising investor (willing to spend much more time), look for a diversified list of bargain issues (at least 30 issues, business values (i.e. net current asset and other related metrics) is below market cap)
፨ - During the bubble, hot industries and companies are getting overpriced. That could only be financed from somewhere. Partially that money are coming from well established old economy companies that lose the appeal. Thus, invest in such old economy companies while bubble grows, as soon as the bubble burst - undervalued companies would rise back.
፨ - Don't ever buy IPOs! (See chapter for compelling arguments)
፨ - Don't consider companies that do not pay dividends. Dividends - money firm pays you for providing capital, they belong to you. They cut a piece for reinvestment - payout ratio. If firm doesn't pay dividends - invest all into growth so you could profit later - that's a speculation. Moreover stock price would be more volatile because it should now rely on future rather than current prospects.
The Intelligent Investor, by Benjamin Graham, is probably the most important and influential value investing book ever written even Warren Buffet described it as “by far the best book ever written on investing”.
፨ If you could only buy one investment book in your lifetime, this would probably be the one.
፨ It had been 6 months since I last read The Intelligent Investor. I have enjoyed my personal “refresher course” in value investing.
🔴Objective of The Intelligent Investor Book
፨ Benjamin Graham’s objective was to provide an investment policy book for the ordinary investor.
፨ He succeeded in putting seemingly hard concepts into terms that could be understood and, more importantly, implemented by the average investor.
፨ The typical investor has a tendency to “follow the market” when they should be employing portfolio risk management strategies. Instead, Graham gives us an alternative based on fundamental stock analysis.
፨ The goal is to learn how to avoid the pitfalls of allowing our emotions to control our investment decisions. Rather, Graham provides the foundation for making businesslike decisions.
🔴The Intelligent Investor puts special emphasis on teaching:
1. Risk management through asset allocation and diversification.
2. Maximizing probabilities through valuations analysis and margin of safety.
3. A disciplined approach that will prevent consequential errors to a portfolio.
🔴If you have any Doubt regarding this Review or this Product, then Feel Free to Contact me or Just ask me by commenting below.I Hope this Review was Helpful.Write reviews, help others, happy shopping.
Thank You for Reading this Review.
-●➽ʙʜᴀᴠᴇsʜ ʙ.ᴏ.ᴛ 🔥
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B.Sudhakar Shenoy
Investing is more a matter of ‘character’ than ‘brain’
Reviewed in India 🇮🇳 on August 14, 2018Verified Purchase
Indranil Dey
paper quality all of this book is very good.
Reviewed in India 🇮🇳 on November 17, 2017Verified Purchase
Indranil Dey
Reviewed in India 🇮🇳 on November 17, 2017
Printing, font size, paper quality all of this book is very good.
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Matt Bourne
A must for anyone curious about investing...
Reviewed in the United Kingdom 🇬🇧 on September 20, 2018Verified Purchase
John Garling
Excellent but Completely Outdated
Reviewed in the United States 🇺🇸 on August 18, 2018Verified Purchase
