Book Byte #309 " The Intelligent Investor" by Benjamin Graham
The Definitive Book on Value Investing
📣 Curious Quotes from the Author
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
“Those who do not remember the past are condemned to repeat it.”
“But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”
“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.”
“The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.”
“People who invest make money for themselves; people who speculate make money for their brokers.”
“As the Danish philosopher Søren Kierkegaard noted, life can only be understood backwards—but it must be lived forwards.”
“The punches you miss are the ones that wear you out. —Boxing trainer Angelo Dundee”
“You will be much more in control, if you realize how much you are not in control.”
📚 Cognition of the Book’s Big Idea
The main lesson is that, when it comes to stocks, you should always follow the advice of the astute investor, regardless of whether you like to play it defensively or follow the path of the entrepreneur. To turn your investments into modest but consistent profits, all you need to do is adhere to the rules outlined above.
▶ Collaborative Video of the Day
Until Tomorrow,
Jason (Founder Club255)