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read The Intelligent Investor The Definitive Book on Value Investing A Book of Practical Counsel epub ñ Paperback õ dogsalonbristol ¾ ❮Download❯ ➽ The Intelligent Investor The Definitive Book on Value Investing A Book Es them to develop long term strategies has made The Intelligent Investor the stock market bible ever since its original publication in 1949Over the years market developments have proven the wisdom of Graham's strategies While preserving the integrity of Graham's original text this revised edition includes updated commentary by noted financial journalist Jason Zweig whose per I had high expectations from the book which it failed to meet But then this book is too old to have a lot of relevance nowThe essence is that an intelligent investor is one who doesn’t think of this as gambling Do solid fundamental ualitative analysis rather than looking at charts Know what the company stands for And you can’t beat the market Maybe if you know nothing about the stock market then this book is for you to get an idea of what you are getting into and what to expect The first 10 chapters were a drag They should’ve been 10 pages max with examples This is the content in it’s entirety No one can beat the market consistently Dollar cost averaging Invest the same number of dollars in stocks each month This way you buy when cheap and less when expensive You cannot beat the market even if you are an active investor Think long term index funds ualitative analysis over speculation Diversify Look for large companies with dividends Buy cheap sell high and NOT vice versa most people get this wrong purchase of bargain issues invest in closed end fundsCouldn’t go through the last 3 4 chapters since I ran out of patience Some notes from chapter 11 16Estimating value of a stockfuture earningsgeneral long term prospectsmanagement in the companyfinancial strength and capital structuredividend recordearning852growth rateEarnings per sharebeware of tricky caveats intended to bump earningslearn how to see fishy stuff in earningsread backwards read read the footnotes of earnings reportThings to look at in a companyProfitabilityStabilityGrowthFinancial PositionDividendsPrice HistorySeven statistical reuirements for inclusion in a defensive investor’s portfolio Adeuate size A sufficiently strong financial condition For industrial companies current assets should be at least twice current liabilities—a so called two to one current ratio Also long term debt should not exceed the net current assets or “working capital” For public utilities the debt should not exceed twice the stock euity at book valueContinued dividends for at least the past 20 years No earnings deficit in the past ten years Ten year growth of at least one third in per share earnings Price of stock no than 11⁄2 times net asset value Price no than 15 times average earnings of the past three years

Benjamin Graham Æ The Intelligent Investor The Definitive Book on Value Investing A Book of Practical Counsel reader

Spective incorporates the realities of today's market draws parallels between Graham's examples and today's financial headlines and gives readers a thorough understanding of how to apply Graham's principlesVital 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 goal To be honest the commentary and footnotes of this book were useful to me than the original content 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 However the commentary by Jason Zweig draws from the fundamental messages behind the book to provide up to date advice on how to invest Undoubtedly Benjamin Graham provided the foundation for the commentary with his book but I personally found Zweig's portions easier to read and relate toI'd recommend The Random Walk Guide to Investing Ten Rules for Financial Success for a simpler straight forward alternative to this book It's not that I wouldn't advise anyone to read The Intelligent Investor it's just that if you don't have the time to plod your way through Graham's outdated details either skip straight to the commentary or check out Malkiel's book You won't go wrong either way and you definitely won't go wrong if you want to try and read this thing in its entirety It was just difficult for me to do so

book Ò The Intelligent Investor The Definitive Book on Value Investing A Book of Practical Counsel Æ Benjamin Graham

The Intelligent Investor The Definitive Book on Value Investing A Book of Practical CounselMore than one million hardcovers soldNow available for the first time in paperbackThe Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market ConditionsThe greatest investment advisor of the twentieth century Benjamin Graham taught and inspired people worldwide Graham's philosophy of value investing which shields investors from substantial error and teach OK the recent stock market drops scared me I got hit by the drops in 99 and said I would never let it happen again This time I had what I thought would be value stocks The problem was I didn't know if I should sell or hold the stocks So for 8 I bought a used copy of Ben Graham's book I stopped reading my other book and read this book like crazy It was the best 8 ever spent It teaches you some basics about the behavior of the market and it teaches you to be very careful I learned some key's to determining the value of stocks and to buy stocks with a margin of safety relative to other stocks I did find that some of my Value Stocks weren't all that great I absolutely recommend this book especially right now Now is a great opportunity to pick up value stocks that have dropped a bunch They dropped not because that are bad stocks but because Mr Market has dropped and they've been pulled down

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