The Intelligent Investor: Benjamin Graham

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The Intelligent Investor: Benjamin Graham is one of the best books, which must be read by the Finance professionals and Students.

Sharing a few learnings and a few important statements from the book.       

                 An investor calculates what a stock is worth, based on the value of its business. A Speculator gambles that a stock will go up in price because somebody else will pay even more for it.

                 Investors judge, "the market price by established standards of value," while speculators "base standards of value upon the market prices.

                 For a speculator, the incessant stream of stick quotes is like oxygen, cut it off and he dies. For an investor, what Graham called "quotation" values matter much less.

                Invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price.

                Gambling, betting, and speculating can be exciting or even rewarding, but it's the worst imaginable way to build wealth.

                  People who invest, make money for themselves, and people who speculate make money for thier brokers.

                  Intelligent Investor will have no interest in being temporary.

                 Every second count.

              "The stock market for the next Hundred years" -- many of its customers could barely hold on to a stock for a hundred hours.



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