The Intelligent Investor
Investing is a fundamental act for all people. You are investing your money when you buy something. You are investing your time and effort to your company you are working at. I think we all need to know about investment even if you are not a professional investor. So I picked up this book to read. Warren Buffett describes this book as the best book on investing ever written.
I’m now reading:
The Intelligent Investor: The Definitive Book on Value Investing, Revised Edition
by Benjamin Graham
Excerpts
‘The sillier the market’s behavior, the greater the opportunity for the business-like investor. Follow Graham and you will profit from folly rather than participate in it.’
‘Ben Graham… expressed to a friend the thought that he hoped every day to do “something foolish, something creative and something generous.”‘
from the “Preface to the Fourth Edition” by Warren E. Buffett
One of Graham’s principles:
‘The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.’
from “A Note About Benjamin Graham” by Jason Zweig
