The Intelligent Investor: The Classic Best Seller on Value Investing Audible – Abridged dged
Author: Bill McGowan ID: B000A1OD7K
The classic best seller by Benjamin Graham, perhaps the greatest investment advisor of the 20th century, The Intelligent Investor has taught and inspired hundreds of thousands of people worldwide. Since its original publication in 1949, Benjamin Graham’s book has remained the most respected guide to investing, due to his timeless philosophy of “value investing”, which helps protect investors against areas of (possible) substantial error and teaches them to develop long-term strategies which they will be comfortable with down the road.Among this audiobook’s special features are the use of numerous comparisons of pairs of common stocks to bring out their elements of strength and weakness and the construction of investment portfolios designed to meet specific requirements of quality and price attractiveness.
Done.
Audible Audio EditionListening Length: 2 hours and 45 minutesProgram Type: AudiobookVersion: AbridgedPublisher: HarperAudioAudible.com Release Date: June 24, 2005Language: EnglishID: B000A1OD7K Best Sellers Rank: #17 in Books > Audible Audiobooks > Business & Investing > Personal Finance & Investing #26 in Books > Business & Money > Investing > Introduction #30 in Books > Business & Money > Finance
This book is light reading compared to Ben Graham’s seminal tome, Security Analysis. It’s easier to read, and shorter. It’s also more up to date. Highly recommended for investors of any stripe, value or growth. The appendix, from Warren Buffett’s speech at Columbia University is particularly entertaining, as he debunks academia’s love affair with efficient market theory. Jason Zweig, an obvious Graham disciple, does a fantastic job bringing the book’s principles to life through modern examples. The only grating thing is his constant derision of brokers or anyone that actually gets paid to manage money. (full disclosure: I’m an analyst now and was a broker for 10 years).
Ben Graham clearly invested in the stock market during a period of hustlers, crooks, crashes, and frauds. Brokers, investment bankers and analysts back then were not much more than fast-talking salesmen. Wait a minute, that sounds just like the way things are today on Wall Street! Things may not have changed as much as we would like to think. Due to his travails as an investor in difficult markets, Ben Graham’s investment style evolved into a systematic, logical approach which became the basis for value investing. In "The Intelligent Investor", Graham lays out the foundation of value investing by three introducing key principles: the idea of "Mr. Market", a value-oriented disciplined approach to investing, and the "margin of safety" concept.
"Mr. Market."
The stock market on a daily basis resembles a cIDo, only without the comfort of free cocktails. Watching the stock ticker is like having a business partner that is totally schizophrenic; Graham calls him "Mr. Market.
Download The Intelligent Investor: The Classic Best Seller on Value Investing Audible – Abridged dged
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