What will you learn from this book
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Value Investing: Emphasizes the concept of value investing, focusing on buying stocks at a price below their intrinsic value.
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Margin of Safety: Advocates for investing with a margin of safety to protect against downside risks and market fluctuations.
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Investment vs. Speculation: Differentiates between investing and speculation, encouraging a long-term, disciplined approach over short-term trading.
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Market Fluctuations: Encourages investors to view market fluctuations as opportunities rather than signals for emotional reactions.
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Fundamental Analysis: Stresses the importance of fundamental analysis, such as examining a company's financial health, earnings, and management, in making investment decisions.
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Mr. Market Analogy: Introduces the concept of Mr. Market, a hypothetical manic-depressive investor used to illustrate market irrationality and the importance of staying rational.
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Contrarian Approach: Advocates for a contrarian mindset, being cautious when the market is overly optimistic and taking advantage of undervalued opportunities during pessimistic times.
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Long-Term Perspective: Encourages a long-term investment horizon, focusing on the underlying business performance rather than short-term market fluctuations.
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Diversification: Discusses the benefits of diversification to reduce risk, but also warns against excessive diversification that can dilute returns.
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Emotional Discipline: Highlights the significance of emotional discipline and maintaining a rational approach to investing, overcoming fear and greed in decision-making.
| Language | English |
|---|---|
| ISBN-10 | 0-06-055566-1 |
| No of pages | 623 |
| Font Size | Medium |
| Book Publisher | Harper Collins Publishers |
| Published Date | 01 Jan 2003 |
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The Intelligent Investor Revised Edition: The Definitive Book On Value Investing (Collins Business Essentials) was first published by Benjamin Graham in 1949. This book has been acknowledged globally as the greatest investment advisor of the twentieth century and has taught and inspired people worldwide. Benjamin Graham's philosophy of ‘value investing' which shields the investors from making substantial errors has made The Intelligent Investor Revised Edition: The Definitive Book On Value Investing (Collins Business Essentials) the stock market bible. in addition, Graham helps people to come up with ways to make long term strategies that help them to meet their financial goals.
The revised edition published in 2006 has this classic text annotated to update Graham's timeless wisdom for today's market conditions. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig. While over the years, market developments have proven the wisdom of Graham's strategies, Zweig's 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 revised edition is available in paperback.