Favorite Quote
“Those who do not remember the past are condemned to repeat it.” — Benjamin Graham
The Book in One Sentence
The Intelligent Investor explains value investing, which is focused on generating steady, long-term profits by ignoring the current market and picking companies with high intrinsic value.
Why should you read it?
Warren Buffett says this is the single greatest book on investing ever written. It’s based on Benjamin Graham’s classes, which Warren Buffett took as a young student. Value investors find companies with great fundamentals and buy their shares at a discounted price. After that, all they have to do is wait. Eventually, their real value will unlock. A true, timeless classic.
Key Takeaways
- There are 3 principles to intelligent investing: analyze for the long term, protect yourself from losses, and don’t go for crazy profits.
- Never trust Mr. Market, he can be very irrational in the short and medium term.
- Stick to a strict formula by which you make all your investments, and you’ll do fine.
