Legendary value investors' secrets
December 21, 2024
Benjamin Graham's thoughts
“Fear is the foe of the faddist, but the friend of the fundamentalist.” – Warren Buffett So the global stock markets, led by the US, are plunging. On August 1 and 2, 2024, Wall Street took a big hit. On August 2 (Friday itself), the Dow Jones Industrial Average dived some 610 points, or 1.5…
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“Investment is most intelligent when it is most businesslike,” Benjamin Graham said in his book The Intelligent Investor. “If a person sets out to make profits from security purchases and sales, he is embarking on a business venture of his own, which must be run in accordance with accepted business principles if it is to…
Read More about Investment: Four Benjamin Graham business principlesBenjamin Graham's thoughts
Benjamin Graham (1894-1976), the father of value investing, said in his widely-followed book, The Intelligent Investor, that one choice for the defensive investor in stock selection would be to apply a set of standards to each purchase, to make sure that he obtains (i) a minimum of quality in the past performance and current financial…
Read More about Stock selection for the defensive investorBenjamin Graham's thoughts
“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What is needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” These words came from legendary investor Warren Buffett, the best known disciple of Benjamin Graham, the…
Read More about The Intelligent InvestorBooks
One great bonus in reading the revised edition of Benjamin Graham’s The Intelligent Investor book is the accompanying commentary for each chapter and even for the introduction by veteran investment writer Jason Zweig. What exactly does Benjamin Graham mean by an “intelligent” investor? “Back in the first edition of this book (The Intelligent Investor), (Benjamin)…
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