The Intelligent Investor
- Author: Benjamin Graham & Jason Zweig & Warren E. Buffett
- Publication date: 2006-02-21
- Link: amazon
From the summary video by The Swedish Investor. Length: 14min.
01:40: Market is not always rational, the underlying value of a business can differ from the price Market is willing to pay for it. The market tends to be over-optimistic or too pessimistic. Don't let this influence what you think the true value of your assets are. Instead, see it as a business opportunity, where you get to deal with a person who has no idea of what he's doing.
05:12: the defensive investor should go for a diversified portfolio of stocks and bonds
07:54: the enterprising investor should aim for stocks which have lower price tendencies. It means that he searchs for a company which is being traded below its Net Working Capital
09:43: an intelligent investor should insist on a margin of safety when acquiring an asset
11:57: risk and reward are not necessarily correlated