Money and Finance
- Book Review: 'einstein Of Money' Details Life Of Buffett's Mentor
Thanks to Lincoln for passing this along. Benjamin Graham— the financial wiz who taught Warren Buffet[t] to invest — was not unduly interested in money himself. Graham was a true intellectual — excited by math, languages and classic texts....
- If You Think Worst Is Over, Take Benjamin Graham's Advice - By Jason Zweig
It is sometimes said that to be an intelligent investor, you must be unemotional. That isn't true; instead, you should be inversely emotional. Even after recent turbulence, the Dow Jones Industrial Average is up roughly 30% since its low in March....
- Jean-marie Eveillard - Value Investor Insight - May 30, 2008
JME: For the past 30 years we’ve sort of floated in style between Ben Graham and Warren Buffett. Graham’s approach is static, quantitative and focused on the balance sheet. There’s no attempt to look into the future and judge the more qualitative...
- The Intelligent Investor
I've started reading Benjamin Graham's book The Intelligent Investor and have been amazed by some of the insights that he had. On page 203 Graham writes "The true investor scarcely ever is forced to sell his shares, and at all other times he...
- The Intelligent Investor
I've started reading Benjamin Graham's book "The Intelligent Investor" and have been amazed by some of the insights that he had. I'll be starting a new series referencing Mr. Graham and help to share and reinforce his knowledge to everyone...
Money and Finance
Benjamin Graham: Figuring it out (book review)
BEFORE Benjamin Graham started to work on Wall Street, investment analysis was a hit-and-miss affair, focusing more on recent price movements than on the merits of individual companies. Graham, a brilliant mathematician, took the process to a much higher level.
By doing so, he inspired a generation of investors, including Warren Buffett, one of the world’s richest men, who studied under him. Graham showed it was possible to find companies that were underpriced by the market, often because investors were too focused on short-term bad news. This “value” approach, based on careful analysis of a company’s cashflows and balance-sheet, is still popular today.
Graham’s influence has lasted because he was an excellent teacher, at Columbia University, and also a writer. His books, “Security Analysis” (1934, co-written with David Dodd) and “The Intelligent Investor” (1949) are still in print today. Any aspiring investor would do well to take a careful look at them.
It was Graham who came up with the idea of “Mr Market”, the manic-depressive whose mood swings should not infect investors, but be exploited by them. “You are neither right nor wrong because the crowd disagrees with you,” he wrote. “You are right because your data and reasoning are right.”
Graham also developed the concept of a “margin of safety”; investors should always try to buy shares well below the company’s intrinsic value. Investors should treat buying a single share in a company in the same way that they would approach buying the whole company; never do the former if you would not do the latter.
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Book: Einstein of Money: The Life and Timeless Financial Wisdom of Benjamin Graham
- Book Review: 'einstein Of Money' Details Life Of Buffett's Mentor
Thanks to Lincoln for passing this along. Benjamin Graham— the financial wiz who taught Warren Buffet[t] to invest — was not unduly interested in money himself. Graham was a true intellectual — excited by math, languages and classic texts....
- If You Think Worst Is Over, Take Benjamin Graham's Advice - By Jason Zweig
It is sometimes said that to be an intelligent investor, you must be unemotional. That isn't true; instead, you should be inversely emotional. Even after recent turbulence, the Dow Jones Industrial Average is up roughly 30% since its low in March....
- Jean-marie Eveillard - Value Investor Insight - May 30, 2008
JME: For the past 30 years we’ve sort of floated in style between Ben Graham and Warren Buffett. Graham’s approach is static, quantitative and focused on the balance sheet. There’s no attempt to look into the future and judge the more qualitative...
- The Intelligent Investor
I've started reading Benjamin Graham's book The Intelligent Investor and have been amazed by some of the insights that he had. On page 203 Graham writes "The true investor scarcely ever is forced to sell his shares, and at all other times he...
- The Intelligent Investor
I've started reading Benjamin Graham's book "The Intelligent Investor" and have been amazed by some of the insights that he had. I'll be starting a new series referencing Mr. Graham and help to share and reinforce his knowledge to everyone...