In this summary you will learn
How
to understand the fundamental principles of value
investing as
propounded by its founder Benjamin Graham, the man who literally taught
Warren Buffett how to invest
Recommendation
This
classic book on
investing belongs on the bookshelf of every investor.
The principles that Benjamin Graham outlines are the very precepts that
guided such great investors as Warren Buffett, and such mutual fund
innovators as John Bogle, the noted Vanguard Group founder, who wrote
this edition''s foreword. First published in 1949, the text shows a few
signs of age, most notably in its discussion of interest rates,
investment vehicles such as savings bonds and other time-sensitive
subjects. However, those are minor issues. When Benjamin Graham writes
about categories of investors, approaches to security analysis, the
proper disposition investors should have toward market moves, and other
fundamental investment subjects, his advice is timeless. I highly recommends this seminal book.
About the Author
Benjamin Graham (1894-1976), the father of value investing, was also the author of Security Analysis and The Interpretation of Financial Statements..