 2008-11-04 - The character of sweatless fortune ......
If you understand Benjamin graham in "The intelligent investor" you would only think that he sold a million dollar idea for $20 .This wouldn't just make you rich but will give you a robust character . My title says Sweatless fortune , you got to understand graham to believe that .
2008-10-18 - On the shoulders of giants!
Typically, when Nobel laureates and/or Pulitzer Prize winners are asked how they came to such remarkable achievements in the understanding of their chosen fields, their response is, "because I stood on the shoulders of giants." In essence, they studied and improved upon the contributions of the giants who came before them and that's telling; because, if you want to gain a clearer understanding of the modern day great minds, simply dig up the classics that they studied. For instance, for a better understanding of classic capitalism you have to read An Inquiry into the Wealth of Nations by Adam Smith. But if you want to gain a clearer understanding of Adam Smith's true message concerning capitalism you have to read The Wealth of Nations in conjunction with his other famous work, The Theory of Moral Sentiment. For a better understanding of politicians and what we commonly refer to as their unscrupulous behavior, you have to read, The Prince, by Niccolò Machiavelli. If you're looking for a clearer understanding of man's quest for validation here on earth, one has to read Viktor Frankl's, Man's Search for Meaning. All of these people and their works are universally recognized and accepted as the pinnacle starting point of greatness in their fields. If you were to add to that list, The Intelligent Investor, by Ben Graham, you may very well have found a blue print for the successful manipulation of life. If the world were to recruit one of its greatest investors to instruct the rest of us in balanced, diversified portfolio management, we'd start with Ben Graham. For those of you interested in exploring the possibility of wealth creation and personal portfolio management, there is absolutely no better financial and/or philosophical starting point than The Intelligent Investor. According to Warren Buffet, "The Intelligent Investor is by far the best book on investing ever written." Even if you don't plan on managing your own portfolio, wouldn't it be nice to know what questions to ask? Probably so! Do yourself a favor and buy this book. Read it, learn it and love it! Because once you've learned the text of this book, you'll never be the same.
2008-09-04 - great book for a beginner
This is a great book for a beginner. covers a lot of the basics, some of the stuff may be outdated but the fundamentals do not seem to have changed.
2008-05-17 - A classic -- still worth reading after 60 years
Since reading Graham, I keep running into his name everywhere -- and for good reason. Graham (and his disciple Warren Buffet) does not talk about -- or believe in -- get-rich-quick schemes (those are speculation), but in sound principles of looking for solid, well-run companies, and buying their stock when the price dips. (The market gets hysterical and goes up or down in ways that have nothing to do with the intrinsic value of the company.) If other people are foolish enough to sell off a good company at a bargain price, there's nothing wrong with being smart enough to go against the market and buy a bargain. If you want to invest but don't know how to do it intelligently, read Ben Graham for starters.
2008-05-12 - A must for any investment collection.
This book is hailed, and with strong reason, as one of the cornerstone pieces of investment literature. The ideas surrounding valuation and the like are as valid now as they were when the pen first touched this masterpiece.
It is not one of those over-hyped, over-produced get rich quick in the stock market type pieces, but rather a solidified educational fundamental foundation to theory of value investing.
A warning to the novice: This book is written in a very technical language that will be hard to grasp without an understanding of the market in general. This should not be a first investment book, but rather a compliment to your growing collection.
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