
Saved by sari
The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing
Saved by sari
Contrarian that I am, the format for this book is intentionally unorthodox as books on investing go these days. It is not about I lail Mary passes; it's about grinding out gains quarter after quarter, year after year. My kind of investing rests on three elements: character, goals, and experience.
The goal of any investor should be to buy stocks for less than they’re really worth. Unfortunately, it’s easy for estimates of a stock’s value to be too optimistic—the future has a nasty way of turning out worse than expected. We can compensate for this all-too-human tendency by buying stocks only when they’re trading for substantially less than ou
... See morethe wisdom of Benjamin Graham, author of Security Analysis, who wrote that in the final analysis the stock market is not a voting mechanism but a weighing mechanism.