Pinards PDF

The Intelligent Investor has ratings and reviews. Monica said: Benjamin Graham’s last line in The Intelligent Investor sums up the entire bo. Download Benjamin Graham – Intelligent : Intelligent Investieren () by Benjamin Graham and a great selection of similar New, Used and Collectible Books available now.

Author: Akihn Dumuro
Country: Cuba
Language: English (Spanish)
Genre: Education
Published (Last): 23 December 2015
Pages: 225
PDF File Size: 19.44 Mb
ePub File Size: 3.66 Mb
ISBN: 576-8-98191-289-5
Downloads: 41913
Price: Free* [*Free Regsitration Required]
Uploader: Dihn

Benjamin Graham – Intelligent Investieren.pdf

He summarizes them as: Graham introduces a few basic filters and analytical methods to assist in picking safe “value” stocks which should help the investor to avoid big losses and generate superior returns. The f I had high expectations from the book, which it failed to meet. A must read for anyone considering actively managing their own investment portfolio.

He says this is the exact opposite of grahak business sense. This is a book that offers down-to-earth, practical advice on investing to a layman audience. Guarantees a better chance of profit than loss not a guaranteed profit.

He teaches you how to make a business investierren of investing in the stock investierne by giving you important advice to remember. He should profit from market folly rather than participate in it. All in all, the concepts here are a great first step, but most people would be advised to put more depth into their investing analysis.

That, claims Graham, is not possible. No earnings deficit in the past 10 years 5.

Graham’s last revision of this book was done in so some of the examples are outdated, but a Wall Street Journal reporter adds a commentary after every chapter showing that Graham’s reasoning still applies although that intelilgent done in the early ‘s which seems a little outdated too sometimes.

Ben Graham recommends to have a bigger Margin of Safety and buy it really cheap.

David Here is a citation. Graham is truly a modern prophet calling all speculators to a higher level of investing. It’s amazing that this book is still relevant after so many years. Some weak points is that he gives specific examples, and that is all they are specific examples of particular companies.

  ERRICO MALATESTA ANARCHY PDF

Rather Graham sets out his thoughts and philosophy in words while providing specific examples. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.

I found the results were very good for 50 years. In fact Buffet named one of his kids grzham Graham. The amazing thing is that anyone interested in these principles has the opportunity to buy a copy of this book for less than twenty dollars.

Prices sometimes invesiteren the present, and sometimes reflect the future; because you can’t tell which, it’s hard to determine if stocks are fairly priced. Detective agents in India. It does not give you many formulas for security analysis Graham says you can read further in his earlier book Security Analysis.

He also has very interesting discussions of bonds, though I found them less relevant because I don’t invest in bonds directly. I saw that Benjamin Graham was Buffet’s professor at Columbia and one of his closest friends. Invest the same number of dollars in stocks each month.

Staying humble about your forecasting powers, as Graham did, will keep you from risking too much on a view of the future that grham well turn out to be wrong.

Investment here is also specifically mentioned to be different from trading or speculating. He then goes on to explain his philosophy investierwn investing, which is to buy stocks and bonds at a discount to their intrinsic value.

Both these men display an inhumane investiern of disciple to stick to the very principles they have developed.

The Intelligent Investor by Benjamin Graham

If you are able to decide on a set of principles be them your own or those of others investierdn stick to them at all costs, decisions suddenly become much more fluid grahwm easy to make. The advice Graham dispenses advising individuals to be grounded by solid fundamentals and to guard against animal spirits are valid for other life’s adventures. Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

  JACK VAN IMPE PROPHECY BIBLE PDF

Lower your expectations — but take care not to depress your spirit. Invextieren is not only a “book”, it is a “reference”. Most of us know Buffet as the second richest man in the world, but many of us do not stop to think that he has build his great fortune solely off of investing.

Price no more than 15x average earnings of the past 3 years Steady Eddies: To Graham, incidentally, Buffett investierdn Meanwhile, how’s that Kodak stock looking? I’m a Boglehead follower of Vanguard founder John Bogleso I invest through broadly diversified, passive index funds instead of individual stocks and bonds. Graham spends a lot of time addressing separate strategies for “defensive” as opposed to “enterprising” investors.

I just went over to www. Probably one of my favorite investing books. And even if you read and absorb every page, you’re still not going to be Warren Buffett. Provide me with your resume, your Form ADV, and 3 references. But Graham’s advice is still useful and helps remind me that I should seek to be an informed investor and not a investiieren. This book is on my Amazon wishlist. Graham feels that five elements are decisive. His “Margin of Safety” criteria is also invaluable.

Out and out the best book I’ve ever read on investing. Of course it’s not that easy. Indeed perhaps there is significant value if his results investieern work and did not come from extensive data-mining. Jun 23, Phil rated it really liked it. Graham likes to find good companies to research by looking for stocks where the price inetlligent book value is relatively low 1.