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.

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Regardless of which class the investor belongs to, the main premise of the book revolves around value investing – buying securities when they are undervalued based on their fundamentals. You can definitely tell it was written in the pre-Internet era of investing, before people had easy access to mutual funds, ETFs, k s, IRAs, and day trading. Investment here is also specifically mentioned to be different from trading or speculating.

Of course it’s not that easy.

The Intelligent Investor – Wikipedia

What kind of background is required to actually understand this book. As an investor myself, I have found as I am sure others have as well that the perspective Benjamin brings is both timeless and very applicable. The book states every minute aspect of market investments and the author warns the reader from committing judgement errors and emotional mistakes by getting obsessed with the market values.

The newest edition as been updated with a chapter of commentary after each of Graham’s original chapters that attempts to discuss how Graham’s advice would have held up th It’s amazing that this book is still relevant after so many years. Price of stock no more than 1.

Actually, it is too expensive for me to afford this book because it cost me almost all my pocket money. The stock market as a speculative investment is a zero-sum game, and Mr. The thing that I have been emphasizing in my own work for the last few years has been the group approach.


Graham’s last revision of this book was done in so some of the examples are outdated, but a Wall Street Journal reporter adds a commentary after every chapter showing that Graham’s reasoning still applies although that was done in the early ‘s which seems a little outdated too sometimes.

Jul 09, Scott Dinsmore rated it really liked it.

The defensive investor is risk-averse, seeking to preserve capital and obtain a reasonable return. They dropped not because that are bad lnvestieren but because Mr.

Benjamin Graham – Intelligent Investieren.pdf

The stock selection strategies for defensive investors are much more strict than those for enterprising investors, because the latter can spend more time evaluating the quantitative and qualitative characteristics of the companies in which he or she may wish to invest. Before selecting a stock, understand the company, protect yourself against serious losses, and aspire to “adequate” not extraordinary performance. Originally written 50 years ago, and it is still relevant.

He explains the process of investment operation and focuses on adequate monetary returns.

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It’s also suggested to have companies spanning all sectors to reduce risk by diversifying. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. We have the chance to read exactly what he read. This review is more than enough to pick and place it on your bookshelf and include in your reading list.

A good introduction to the world of investing especially for young people looking invstieren manage their personal finances. Its the full meal deal. Graham’s philosophy of “value investing” — invesiteren shields investors from substantial erro More than one million hardcovers sold Now available for the first time in paperback! This is a good indicator of a stable and sound business model.


To be honest, I have never seen such a terrible book. Many, perhaps most, investors seek to place themselves in such an intermediate category; in our opinion that is a compromise that is more likely to produce disappointment than achievement.

Use dollar cost averaging or formula timing plans to remove the psychological factors of investing. However, in my opinion it is time well spent as the ability to maintain process discipline is the biggest differentiator between investors over the long term. No, no, I inbestieren not gragam rich like Warren Buffett. 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.

I absolutely recommend this book, especially right now.

A know when to break these rules; B prefer companies with wide inherent ‘moats’ his famous example is that if you gave him a billion dollars today, he could not create a brand that would compete effectively with Coca Cola ; C buy private, investieeen businesses on the cheap — e. I would not dare to get into the specifics of this intslligent as I would not do them justice and I feel that the above should be more than enough reason to read the full edition.

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