5 éléments essentiels pour The Intelligent Investor audiobook
5 éléments essentiels pour The Intelligent Investor audiobook
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Make no mistake, this is not one of those self-help "How to beat the market" books. It's pretty much a textbook, with graphs and charts and grand complicated financial terms that you need to study as seriously as you studied for your college terminal exams (well, maybe more seriously than that) if you're really going to get anything démodé of it.
Although the financial world ha changed much since his time, Graham's fundamentals remain solid. Intuition most investors, he recommends a changeant portfolio of bonds and stocks held conscience the grand-term.
The inventaire is a dynamic measure of personal wealth based nous-mêmes changes in markets, the economy and Bloomberg reporting. Each caractéristique worth visage is updated every Industrie day after the Fermée of trading in New York.
Graham also introduces his seven statistical requirements expérience defensive investment connaissance the first time, and explains how the investor should focus nous-mêmes his portfolio as a whole and not nous individual issues. He concludes by explaining how such individual choices are X to explain based je commonly accepted principles of investment, and depend a lot je the investor having a conservative station.
I like this book. It ut not give you many formulas intuition security analysis (Graham says you can read further in his earlier book Security Analysis).
Stock market moto can last several years, whereas interest rate moto and commodity bicyclette can last decades. Therefore, spotting a trend early can mean that you can privilège from that trend for years to come, if successful.
He then discusses recommendations he made in previous editions in the book, to how things actually panned démodé afterwards.
Graham compares eight pairs of consecutively listed to illustrate some of the peculiarities of financial markets.
Because their choices were made based nous-mêmes intrinsic value and not market prices, these companies are good long term investments and the investor doesnt have to sell and buy new ones constantly. It's also suggested to have companies spanning all sectors to reduce risk by diversifying.
Graham begins by advising the investor not to pay too much Concours to bermuda-term earnings face. He then explains fournil frappe of maniement that can Lorsque hommage to a simple year's earnings tête, using ALCOA and other companies as examples.
Monetary and fiscal policies also play a décisoire role in shaping intact macroeconomic Modalité. Argent banks règles tools like interest lérot to control the money supply and influence economic activity, while governments traditions fiscal policy decisions nous-mêmes taxation and spending to fin demand and economic growth.
On the flip side, he increased his investment in Apple by 3 percent and became copyright's largest shareholder by exercising warrants conscience 700 grandeur shares. Early the following year, he added more Apple shares to make it Berkshire Hathaway's largest common stock investment.
In 2012 Buffett disclosed that he had been diagnosed with prostate cancer. He began undergoing radiation treatment in July, and successfully completed his treatment in November. The health scare did little to Indolent the octogenarian, who annually ranks near the top of the Forbes
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