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Feb 12, 2021 · The real gem in this revision of the book is chapter 12, which deals with accounting confabulations that can distort EPS numbers. The redheaded stepchild in the bunch is the 2003 "update" of the 1973 version of the book with Jason Zweig's commentary.
Since its original publication in 1949, Benjamin Graham’s revered classic, The Intelligent Investor, has taught and inspired millions of people worldwide and remains the most respected guide to investing. Graham’s timeless philosophy of “value investing” helps protect investors against common mistakes and teaches them to develop ...
- Benjamin Graham, Jason Zweig
- Creating A Diversified List
- The Seven Quality and Quantity Criteria
- The Analysis Yield
- Selectivity For The Defensive Investor
- Zweig’s Commentary
Right out of the gate, Graham wants to make sure that the investor is doing the appropriate amount of due dilligence to create a good, diversified listof which we can choose stocks. To create this list, Graham offers the following options: make it a DJIA-type portfolio, or apply a set of standards in an a la cart fashion.
Below are what Graham feels we should consider when we’re choosing issues. All metrics and standards are in tune with what the defensive investor may want— we will address Stock Selection for the Enterprising Investor in Chapter 15 1. Adequate size 2. A sufficiently strong financial condition 3. Continued Dividends for at least 20 years 4. No earni...
As we look further at what having these types of standards yields, Graham gives us an example of what we might have seen during his time, if we held those standards: We see here that only five companies met the requirements we set, and again we see that we can find all this information, or calculate this information from publications like the S&P S...
Graham knows we’d like to choose the best possible stocks to incorporate into our portfolios, picks that retain our principal and grow. He offers that if analysts are all agreeing on one stock issue as the best, that the efficient markets hypothesis could then warrant that “value issue” no longer an issue of value. Therefore, we need to be setting ...
As usual, Zweig’s comments are wise. We’ve touched on his points regarding choosing to invest in an all-market fund, but one thing I really liked was his advise for folks that still want to pick stocks. Instead of only picking stocks, keep say 90% of your money in an index fund, leaving 10% with which you can try picking your own stocks. If you’re ...
Feb 21, 2006 · Among the library of investment books promising no-fail strategies for riches, Benjamin Graham's classic, The Intelligent Investor, offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management.
- Harper Business
- $14.29
The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. The book provides strategies on how to successfully use value investing in the stock market.
- Benjamin Graham
- 1949
Oct 8, 2016 · In chapter five of The Intelligent Investor we take a closer look at the administration of common stocks in the defensive investor’s portfolio. The chapter describes the benefits of...
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Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
