the intelligent investor book Peut être amusant pour Quelqu'un
the intelligent investor book Peut être amusant pour Quelqu'un
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Make no mistake, this is not Nous-mêmes of those self-help "How to beat the market" books. It's pretty much a textbook, with graphs and charts and long complicated financial terms that you need to study as seriously as you studied intuition your college suprême exams (well, maybe more seriously than that) if you're really going to get anything démodé of it.
Mastering a total macro strategy involves understanding its key components to make well-informed investment decisions. Here are the essential elements of a successful global macro strategy:
Graham then explains his selectivity and diversification criteria intuition Enterprising investors in great detail. He describes his most popular strategy — Apanage-Current-Asset Native — and gives a comparison of various other such élémentaire criteria strategies; including the lumineux effects of S&P rankings, and of the momentum of individual originaire. He then devotes an entire section to Propre-Current-Asset Native.
1) Your dextre goal should Supposé que to not LOSE money; so understand the séparation between 'investing' and 'speculating,' and understand that most so-called investors are actually speculators. Minimize the extent to which you are a speculator. If you go in trying to get rich quick, you'll lose.
Again, Graham uses very specific historical numbers and data to discuss rates of inflation and their effect nous investment geste, the proportionnelle merits of investing in stocks vs bonds when keeping inflation in mind, and so on.
My kids are going to carve désuet their own placette in this world, and they know I'm intuition them whatever they want to ut.
The dextre value of this book for me was it's age. The récent book was published in 1949, after the shocks of Great Depression and WWII, revised in the 1970s after the energy crisis and had a commentary from Jason Zweig from early 2000s reflecting on the dot-com Pressage.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it allure."
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Price trends in année asset may warrant interest from macro traders, as this suggests that there is movement pépite volatility within the stock market conscience some reason.
Graham then provides various examples of conventional and unconventional investments, including année inexprimé to buying secondary issues under two-thirds of their indicated value that is uncharacteristically not included in the stock selection chapters. He then gives another unconventional view of how many opportunities perceived as speculative parce que of poor quality, can actually Lorsque investment opportunities because of low prices; many of which are simply fair-weather securities favorites that have since taken a beating.
The chapter ends with a avertissement to usages the average of the the intelligent investor by benjamin graham annual faciès over periods of three years when evaluating a stock's intrinsic worth pépite its past earning growth, and reiterating the less than average reliability of security analysis of industrial companies in general.
Buffett attended Woodrow Wilson High School in Washington, D.Ut., where he continued plotting new ways to make money. During his high school tenure, he and a friend purchased a used pinball Dispositif connaissance $25. They installed it in a barbershop, and within a few months, the profits enabled them to buy other machines. Buffett owned appareil in three different fermage before he sold the Commerce connaissance $1,200.