A Book Summary of The Intelligent Investor by Benjamin Graham скачать в хорошем качестве

A Book Summary of The Intelligent Investor by Benjamin Graham

The book features excerpts and commentary from Benjamin Graham’s seminal work, The Intelligent Investor, which establishes a framework for value investing. Graham distinguishes between investment—which focuses on safety of principal and a fair return—and speculation, warning that an investor's greatest obstacle is often their own emotional volatility. The text outlines strategies for both defensive investors, who seek simplicity and diversification, and enterprising investors, who actively search for bargain issues selling below their intrinsic value. Jason Zweig’s modern commentary updates these principles, highlighting the dangers of market bubbles, high-fee mutual funds, and complex trading formulas. Ultimately, the sources emphasize a margin of safety, disciplined asset allocation, and the necessity of prioritizing long-term business performance over short-term market fluctuations.