Détails, Fiction et the intelligent investor audiobook full
Détails, Fiction et the intelligent investor audiobook full
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Black swan events are exceptionnel events that are not expected by most market affidé. They parti price moves well outside usuel expectations or typical market movements.
To be very honest up fronton, this is not the easiest read. It is written by a 20th century economist and quite frankly it often reads just like that. Délicat to that commentaire Nous should not pick this book up conscience humor and entertainment as much as he should to learn. Although there will be times when you will find yourself laughing pépite smiling at some of the stories told and how they sable true even today in our ever more sophisticated world.
Graham then explains his selectivity and diversification criteria intuition Enterprising investors in great detail. He describes his most popular strategy — Net-Current-Asset Native — and gives a comparison of various other such single criteria strategies; including the lumineux effects of S&P rankings, and of the momentum of individual originaire. He then devotes année entire case to Net-Current-Asset Native.
The next loge of the chapter deals with how the market ha changed its aplomb towards dividend payout ratios. The cellule also explains the prevailing paradoxical dividend expectations from high growth opposé à low growth companies.
Okay, this is the book to read if you are serious embout investing in stocks. Benjamin Graham's "value investing" method is the time-tested "choose 'em carefully and hold 'em" long-term strategy used by Warren Buffett.
I absolutely recommend this book, especially right now. Now is a great opportunity to pick up value stocks that have dropped a bunch. They dropped not because that are bad stocks joli parce que Mr. Market eh dropped and they've been pulled down.
The postscript uses Graham's own experience with GEICO — but anonymously — as an example investorintel of how Je investment can sometimes outperform all others in a bermuda period of time. But again, Graham advises his readers that such opportunities usually only come to those with the requisite knowledge, experience and matière.
National General Corp and National Presto Industries is again an example of a complex and aggressively run conglomerate, compared against a conservatively run concern with a few diverse operations.
Benjamin Graham’s last line in The Intelligent Investor sums up the entire book in his trade-mark common-sense way: “ To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it démarche.”
. He inspires legions of Croyant fans to make a yearly trek to Omaha, Neb., intuition an opportunity to hear him speak at Berkshire’s annual manifestation, année event ironically dubbed “Woodstock connaissance Capitalists.”
فصل پنجم: سرمایهگذاریها را با توجه به ارزش ذاتیشان انتخاب کنید، نه براساس محبوبیتشان
The Intelligent Investor also marks a significant deviation in stock selection from Graham's earlier works, such as Security Analysis. Which is, instead of extensive analysis nous an individual company, just apply primitif earning criteria and buy a group of companies. He explained the échange as:
When a black swan event will occur, pépite its magnitude, is unknown in advance. But macro traders can pas at prior black swan events to get année idea of the potential fallout if another similar event were to occur.
As a recap, we delved into the importance of recognizing macroeconomic trends and geopolitical events, and how trading various financial instrument allows investors to capitalize on these vigueur.