(OK, and honestly, its so much easier to read escapist literature for entertainment! The book in its original form is obviously outdated in terms of the specific examples it gives for ways to invest and the different companies it details. Graham's message can be summarized in the last sentence, "to achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.". I'm also sure that most of the investment fundamentals outlined in the book still apply IN THEORY, but the book is so outdated, despite revisions, that it was of no use to me. Buffett used Graham's approaches to building his investment strategy. Actually, it is too expensive for me to afford this book because it cost me almost all my pocket money. Even many of the investment funds — with all their experienced personnel — have not performed as well over the years as the general market.” Studies released over the past seven decades support Graham’s conclusion made so many years ago. To be honest, I have never seen such a terrible book. Graham’s principles certainly seem to have stood the test of the last 70 years, as well as the 50 years preceding the publication of his book. It does not teach people to ride market waves or speculate. “The intelligent investor is a realist who sells to optimists and buys from pessimists.” In particular, I liked the focus on some physiological pitfalls an investor can encounter. We’d love your help. Investor Junkie has advertising relationships with some of the offers listed on this website. Reviewed in the United States on April 3, 2017. This book is just rubbish and the author is really stupid. So for $8 I bought a used copy of Ben Graham's book. Some books are timeless; this one isn't. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. No complaints of the book itself, but the Kindle edition of it is bad. And sometimes it outperforms active investing too. Have confidence in your own analysis and observations. But then, this book is too old to have a lot of relevance now. The information on Investor Junkie could be different from what you find when visiting a third-party website. This page works best with JavaScript. We analyze and compare tools to help you make the best decisions for your personal financial situation. In fact, when he was writing in 1949, Graham was looking back over the previous 49 years of stock market history and concluded that sound investment principles produce generally sound results. “An intelligent investor will readily see they are too aligned with day-to-day marketplace trading to be able to offer any viable long-term investment suggestions.”. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. He's considered the father of value investing, and Warren Buffett is one of his disciples. This growth may or may not result in higher stock prices over time. Their main value is they will help shield you from costly mistakes. We know that managing finances is not easy. Sorry ! If you're like me and have no idea what the definition of terms like "net tangible assets", and "sub working capital" are it may be best to find a true beginners book as a prequel to this one. If you are not a professional - you'll appreciate the commentaries and epilogue - read it first? While market timing is of great importance to speculators, investors must do the boring fundamental analysis, develop a solid long-term investment plan, choose investments for their value rather than popularity, invest with a margin of safety, and stick with their plan regardless of temporary market fluctuations caused by “Mr. Why I Read this Book: Warren Buffet became the successful man he is today greatly as a result of what he learned from the man who wrote this book. I'm now retired, and I wish I had read this book in 1972 when I graduated from college, but it was of no use to me today.

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I just can't imagine that this book worth nearly $22. I was 13 when Graham published his last edition, and I just can't get excited reading something that talks about 1970 like it was last year. Benjamin Graham (May 8, 1894 – September 21, 1976) was an American economist and professional investor. It's definitely a great primer into the world of value investing and not only outlines its tenets but also their rationale. In it's time, I'm sure "The Intelligent Investor" was a blockbuster success, written by one of the foremost investment geniuses of all time. Invest for profits over time, not for quick buy-and-sell transaction profits.

I could accept Santos going down as I feel no one expected the oil price to fall so sharply as it did. A must read for anyone considering actively managing their own investment portfolio.

Graham uses 100 years of stock market data to humble and convince you that you never know what the market will do and if you ever start thinking you do know, be careful.

Disenfranchised with the high cost and lackluster performance of her IRA, college savings and other retirement accounts handled by a full-service broker, Ruth moved her retirement money to a self-directed IRA in 2015. So, if fundamental analysis is vital, why is it also the sole responsibility of the investor himself? The problem is “security analysts are forced to determine both average future earnings and projected market capitalization. It changed my whole way of thinking about the stock market and investing in general. In contrast to speculators — who acquire shares at what they consider to be a favorable price and then sell off as soon as possible for a profit — investors acquire and hold securities that they believe will grow in value over time as the businesses succeed. It is not only a "book", it is a "reference".

It's amazing that this book is still relevant after so many years. I really want to throw this stupid book away and burn all the books that this author wrote. Today, most companies with financial statistics like these are not growing AT ALL.

Edition: I found commentary very useful (though often distracting). Investor Junkie does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. There's a problem loading this menu right now.

After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. It does not teach people to ride market waves or speculate. Start by marking “The Intelligent Investor” as Want to Read: Error rating book. This probably is one of the greatest investing books ever written, but it suffers from two flaws: 1) like all such books, it could be condensed into about 20 pages. But still, the book was very interesting and cognitive. Just a moment while we sign you in to your Goodreads account.

I have purchased several books on investing, and (as you can see by the number of post-its in this book), this is the most valuable resource I have found so far. In his words, “The proportion of smart people who try this and fail to beat the market is surprisingly large. The fourth principle, which is heavily covered in Graham’s book, is that fundamental analysis is vital and is the responsibility of the investor. You can follow Ruth on: You can trust the integrity of our balanced, independent financial advice.

This time I had what I thought would be value stocks.

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”, “An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Your email address will not be published. The central Idea that I got from this book is that an Index Stock Fund outperforms other equity funds on a historical basis.

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