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Warren Buffet says that Chapter 8 of 'The Intelligent Investor' is the most important chapter of the most important book for stock investors. 'The Intelligent Investor' book is the definitive book on value investing and it was written by Ben Graham, the godfather of value investing. In chapter 8 the allegory of Mr. Market is introduced for the first time: Mr. Market represents the stock market and illustrates the bipolar nature of the stock market. To Ben Graham, it's a blessing to be in business with a bipolar business partner like Mr.Market because he gives you opportunities to shares for less than their worth and sell them for more than their worth - And you also have the option to do nothing. ➡️ JOIN OUR MASTERMIND FACEBOOK GROUP: / intelligentstockinvestors BEST INVESTING BOOKS 📚 The Little Book That Still Beats the Market ➜ https://amzn.to/3fkkscB 📚 The Outsiders ➜ https://amzn.to/3jeFcmW 📚 100 Baggers ➜ https://amzn.to/3A3Nt49 📚 The Complete Investor ➜ https://amzn.to/2V3Saw5 📚 Richer, Wiser, Happier ➜ https://amzn.to/3igSvUC 📚 The Dhandho Investor ➜ https://amzn.to/3ykf1l9 📚 Tao of Charlie Munger ➜ https://amzn.to/2V9FgMM 📚 The Complete Financial History of Berkshire ➜ https://amzn.to/3kRFRNp 🙋♂️ Watch Next to Keep Learning (YouTube Playlist): ➜ • How stocks work explained simply WATCH NEXT: How Stock INVESTING works (not trading or speculating) • How stocks work explained simply Timing the Market | When to Invest and When to Wait (Big Surprise in Here) • Timing the Market exposed Stock Investing for Beginners (easiest way for most people) • Set-and-Forget Stock Investing How to Become a Billionaire (or just get filthy rich) • The wealth secret Exactly When to Sell a Stock • Here’s When to Sell Your Stocks "Investing" in Non-productive assets (Pokemon Cards, Bitcoin, etc.) • What Graham Stephan doesn’t tell you Why Stocks Go Up and Down • Why stocks go up and down TIMESTAMPS 00:00 Intro 00:55 Mr.Market explained 03:20 The lesson of Mr.Market 04:05 How to avoid stock market pitfalls 05:19 Peter Lynch on knowing what you own 06:15 How to benefit from Mr.Market 07:08 The Efficient Market Hypothesis Theory 08:26 Proof the Efficient Market Hypothesis is false 09:00 NET NET example for a PUBLIC company 11:04 NET NET example for a PRIVATE company 11:42 How Buffet invested in NET NETs in his early years 12:14 Warren Buffett on "Cigar Butt" stocks 13:01 NET NETs and Value investing today 14:35 The main lesson of Chapter 8 Special thanks to my incredibly beautiful, smart, and creative girlfriend, Stephanie, for her editing wizardry and creative insights and ideas. Although you do not see her speaking to you in the videos, believe me, she has poured her heart and soul into making this video and the videos on this channel. It's been a 50/50 effort. I don't want to even imagine what these videos would look like without her hard work and creative insights. Thank you. Disclaimer: These youtube videos and content are for entertainment purposes only. If stocks or companies are mentioned, Richard may have an ownership interest in them -- DO NOT make buying or selling decisions based on Richard’s videos. All information contained herein should not be construed as anything other than an opinion for entertainment purposes only. Information being provided may be outdated or inaccurate; it is your responsibility to verify all information. No financial advice is being given nor is any other advice of any kind. You should consult with a qualified professional where appropriate and before any action is taken on this video. No liability or damages shall take place because of this video and/or content. There is no express or implied representations or warranty with respect to the accuracy or completeness of the content of the videos, including any content, description, links, or resources shared, including those by third parties. Furthermore, all parties specifically disclaim any and all express or implied warranties of merchantability or fitness for a particular purpose. By watching this and all related videos, you agree to be bound by this disclaimer.