Description
The Intelligent Investor by Benjamin Graham is one of the most important books ever written about value investing. In fact, it was first published back in 1949. This book proffers a framework for investing in both stocks and bonds, especially the principles of good investing and market psychology.
Summary:
Title and Author: The Intelligent Investor by Benjamin Graham.
Genre/Category: Finance, Investment, Personal Finance.
Main Idea:
The work encourages the philosophy of value investing, where one aims to buy securities considered underpriced by the market. Though cautious in holding that any investment should involve a fundamental analysis, Graham further stresses that each investor should have clearly defined rules governing his approach to investments.
The central thesis is that intelligent investors should look at the long term and understand which risks are inherent in the market.
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