
Benjamin Graham was a British-born American financial analyst, investor and professor. He is widely known as the "father of value investing", and wrote two of the discipline's founding texts: Security Analysis (1934) with David L. Dodd, and The Intelligent Investor (1949). His investment philosophy stressed independent thinking, emotional detachment, and careful security analysis, emphasizing the importance of distinguishing the price of a stock from the value of its underlying business. After graduating from Columbia University at age 20, Graham started his career on Wall Street, eventually founding Graham–Newman Corp., a successful mutual fund. He also taught investing for many years at Columbia Business School, where one of his students was Warren Buffett. Graham later taught at UCLA Anderson School of Management at the University of California, Los Angeles. Graham laid the groundwork for value investing at mutual funds, hedge funds, diversified holding companies, and other investment vehicles. He was the driving force behind the establishment of the profession of security analysis and the Chartered Financial Analyst designation. He also advocated the creation of index funds decades before they were introduced. Throughout his career, Graham had many notable disciples who went on to earn substantial success as investors, including Irving Kahn and Warren Buffett, who described Graham as the second most influential person in his life after his own father. Among other well-known investors influenced by Graham were Charles D. Ellis, Mario Gabelli, Seth A. Klarman, Howard Marks, John Neff and John Marks Templeton.
More than one million hardcovers soldNow available for the first time in paperback!The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market ConditionsThe greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
"A road map for investing that I have now been following for 57 years."--From the Foreword by Warren E. BuffettFirst published in 1934, "Security Analysis" is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd.As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, the father of value investing, have withstood the test of time across a wide diversity of market conditions, countries, and asset classes.This new sixth edition, based on the classic 1940 version, is enhanced with 200 additional pages of commentary from some of today s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today s vastly different markets. The contributor list includes: Seth A. Klarman, president of The Baupost Group, L.L.C. and author of "Margin of Safety" James Grant, founder of "Grant's Interest Rate Observer," general partner of Nippon Partners Jeffrey M. Laderman, twenty-five year veteran of "BusinessWeek" Roger Lowenstein, author of "Buffett: The Making of an American Capitalist" and "When America Aged" and Outside Director, Sequoia Fund Howard S. Marks, CFA, Chairman and Co-Founder, Oaktree Capital Management L.P. J. Ezra Merkin, Managing Partner, Gabriel Capital Group . Bruce Berkowitz, Founder, Fairholme Capital Management. Glenn H. Greenberg, Co-Founder and Managing Director, Chieftain Capital Management Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School David Abrams, Managing Member, Abrams CapitalFeaturing a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork at least four times ), this new edition of "Security Analysis" will reacquaint you with the foundations of value investing more relevant than ever in the tumultuous 21st century markets."
"All investors, from beginners to old hands, should gain from the use of this guide, as I have."From the Introduction by Michael F. Price, president, Franklin Mutual Advisors, Inc. Benjamin Graham has been called the most important investment thinker of the twentieth century. As a master investor, pioneering stock analyst, and mentor to investment superstars, he has no peer. The volume you hold in your hands is Graham's timeless guide to interpreting and understanding financial statements. It has long been out of print, but now joins Graham's other masterpieces, The Intelligent Investor and Security Analysis, as the three priceless keys to understanding Graham and value investing. The advice he offers in this book is as useful and prescient today as it was sixty years ago. As he writes in the preface, "if you have precise information as to a company's present financial position and its past earnings record, you are better equipped to gauge its future possibilities. And this is the essential function and value of security analysis." Written just three years after his landmark Security Analysis, The Interpretation of Financial Statements gets to the heart of the master's ideas on value investing in astonishingly few pages. Readers will learn to analyze a company's balance sheets and income statements and arrive at a true understanding of its financial position and earnings record. Graham provides simple tests any reader can apply to determine the financial health and well-being of any company. This volume is an exact text replica of the first edition of The Interpretation of Financial Statements, published by Harper & Brothers in 1937. Graham's original language has been restored, and readers can be assured that every idea and technique presented here appears exactly as Graham intended. Highly practical and accessible, it is an essential guide for all business people--and makes the perfect companion volume to Graham's investment masterpiece The Intelligent Investor.
by Benjamin Graham
Rating: 4.5 ⭐
This chapter is from Security Analysis , which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets. This second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork "at least four times"), this new edition of Security Analysis will reacquaint you with the foundations of value investing--more relevant than ever in the tumultuous 21st century markets.
by Benjamin Graham
Rating: 4.5 ⭐
“They laid out a road map for investing that I have now been following for 57 years. There’s been no reason to look for another.”―Warren Buffett, on the writings of Benjamin Graham Legendary investing author and philosopher Benjamin Graham lived through interesting times. Soon after his graduation from Columbia College, the nation entered the First World War. As the stock market fluctuated in wild dips and peaks, the government seized control of the railroad industry, inflation and interest rates rose dramatically, and economic depression loomed on the horizon. During these events―and perhaps inspired by them―Graham began writing articles for The Magazine of Wall Street , putting to paper his earliest ideas on value investing and security analysis. For the first time, these important works have been anthologized into a single volume. Benjamin Graham on Investing is a treasure trove of rare and out-of-print articles that document the early flashes of genius from a man whose ideas and theories would revolutionize investment philosophy and inspire the careers of such luminaries as Warren Buffett, Seth Klarman, Charlie Munger, and countless other top-tier investors. The early works of Benjamin Graham have never been as relevant as they are today. The world’s markets are undergoing changeon a scale not unlike that of Graham’s era. David Darst, one of the world’s most respected experts on asset allocation, provides insightful analyses connecting Graham’s articles to events today. ,i>Benjamin Graham on Investing is a timeless classic that continues to have relevance more than 30 years after the author’s death.
The author describes his childhood, education, and professional career in security analysis, and recounts what Wall Street was like in the roaring twenties
This chapter is from Security Analysis , which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets. This second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork "at least four times"), this new edition of Security Analysis will reacquaint you with the foundations of value investing--more relevant than ever in the tumultuous 21st century markets.
by Benjamin Graham
Rating: 4.2 ⭐
"The sillier the market's behavior, the greater the opportunity for the business-like investor. Follow Graham and you will profit from folly rather than participate in it."-Warren E. Buffett. "[Graham] is the genius who literally created the framework for investment analysis that leads to successful investing. Like that other genius Edison, Graham created light where there was none." -Bill Ruane, Sequoia Fund. "It's never the wrong time to invoke the name of Benjamin Graham, value investor par excellence." -Money "The search for intelligent investing should begin with the remarkable Benjamin Graham's timeless teachings. Read Lowe's book and you'll learn to seek what the original master sought as she helps Graham reclaim his rightful place as the most important and extraordinary investment writer of any generation."-Kenneth Lee, author of Trouncing the Dow. Known as the "father of value investing," Benjamin Graham was-and is-one of America's most lauded financial thinkers. Billionaire investor Warren Buffett, a former student of Graham, extols him to this day. Brilliant, successful, and ethical, he revolutionized investment philosophy by introducing the concepts of security analysis, fundamental analysis, and value investing-theories that have become timeless essentials of the field. Now, Janet Lowe, author of Benjamin Graham on Value Investing and Warren Buffett Speaks, reintroduces the foundations of Graham's eminence-including his ever-relevant market observations and his assessment of long-term economic problems-by presenting a unique compilation of his writings that contains rare and/or previously unpublished articles, lectures, andinterviews. Almost twenty-five years after his death, Benjamin Graham continues to have one of the largest and most loyal followings of any investment philosopher of this century. A prolific and popular writer whose trademark was blending original ideas with wit and intelligence, he has guided and inspired Wall Street professionals with his thoughtful ruminations and piercing insights on a host of investment and economic topics. Though bits and pieces of this material are widely quoted even today, the full writings have not always been easy to find-until now. The result of in-depth research, The Rediscovered Benjamin Graham brings together the very best the investment legend had to offer, including such incisive works as: * "Inflated Treasuries and Deflated Stocks: Are Corporations Milking Their Owners?" * "The Ethics of American Capitalism". * "Proposals for an International Commodity-Reserve Currency". * "The New Speculation in Common Stocks". * "Is American Business Worth More Dead Than Alive?". * "The Simplest Way to Select Bargain Stocks". A groundbreaking volume that fills an important niche in investment literature, The Rediscovered Benjamin Graham is destined to become as timeless a classic as its distinguished subject. Jacket Design: Don Welsh
This chapter is from Security Analysis , which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets. This second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork "at least four times"), this new edition of Security Analysis will reacquaint you with the foundations of value investing--more relevant than ever in the tumultuous 21st century markets.
An elegantly boxed set of the seminal works by the dean of Wall Street. The late Benhamin Graham was the father of modern security analysis. He invested value investing and has directly influenced such contemporary investing legends as Warren Buffett, Michael Price, and even the Motley Fools. While investment fads come and go, Graham's bedrock approach is proven more solid with every passing year, and his calm wisdom rings especially true in today's wild market.Graham's legion of fans will treasure this beautiful collection, which contains three of his financial classics plus an exclusive excerpt of Benjamin Graham's autobiography and personal photos. Security The Original 1934 Edition, still considered the value investing bible; Storage and Stability, Graham's timeless 1937 study on production and consumption; World commodities and World Currency, his visionary 1944 work on the emerging global economy.
by Benjamin Graham
Rating: 4.6 ⭐
This chapter is from Security Analysis , which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets. This second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork "at least four times"), this new edition of Security Analysis will reacquaint you with the foundations of value investing--more relevant than ever in the tumultuous 21st century markets.
by Benjamin Graham
Rating: 4.7 ⭐
This chapter is from Security Analysis , which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets. This second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork "at least four times"), this new edition of Security Analysis will reacquaint you with the foundations of value investing--more relevant than ever in the tumultuous 21st century markets.
by Benjamin Graham
Rating: 4.5 ⭐
This chapter is from Security Analysis , which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets. This second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork "at least four times"), this new edition of Security Analysis will reacquaint you with the foundations of value investing--more relevant than ever in the tumultuous 21st century markets.
This reissued investment classic by financial guru Benjamin Graham expounds on the theories presented in the authorOs previous masterpiece, Storage and Stability, offering a more global focus on the subject of stockpiling raw materials as a means of achieving expansion and stability in a postwar economy. Graham maintains that stabilization of commodities offers a comparatively simple technique by which the world could achieve the fourfold objective of foreign-exchange stability, reasonable price stability, protective stockpiles, andNmost importantlyNa balanced expansion of the worldOs output and consumption of useful goods.
This reissue of Storage and Stability is the first in the new Benjamin Graham Classics series. This series will feature beautifully packaged reprints of several of Graham's early works, each of which will have new forewords from some of today's most well-known investment gurus. Highly controversial in its day, this 1937 treatise, written during the Drepression to spur Congress and American public to greater financial awareness, shares Graham's own thoughts on the importance of supply and demand, production and consumption, and their inherent influences on value investing.
by Benjamin Graham
Rating: 4.9 ⭐
Benjamin Graham ist der Vater der Wertpapieranalyse. In diesem unschlagbaren Buch gibt Ihnen der Autor aufsehenerregende Antworten auf alle Kardinalfragen der Geldanlage. Seit über 70 Jahren werden die Geheimnisse der Wertpapieranalyse nun schon an die jeweils nächste Generation von Anlegern weitergegeben. Warren Buffett beispielsweise, einer der reichsten Anleger der Neuzeit, bekennt sich ganz offen zu Benjamin Grahams Analysemethoden.Schöpfen auch Sie Wissen und Kraft aus der Bibel der Wertpapieranalyse. Warum konnte dieses Buch über alle Jahrzehnte hinweg nichts von seiner Faszination verlieren? Anhand von Grahams Wertpapieranalyse lernen Sie den inneren Wert eines Unternehmens kennen. Sie erfahren, was die Kennzahlen über ein Unternehmen verraten und wie Sie Bilanzen problemlos lesen und verstehen. Die Bewertung von Aktien bildet den Themenschwerpunkt. Handfeste Praxisbeispiele, klare Tabellen und sorgfältig ausgewählte Abbildungen machen dieses Buch zu einem Mega-Kompendium brillanter Informationen.Die überlegenen Analysemethoden von Graham und Dodd in einem Buch der Extraklasse! »Die Geheimnisse der Wertpapieranalyse«. Wissen für jetzt und immer.
"It was probably when I was arrested that I began to truly regret my first writing assignment."In his first quest as a freelance travel writer, Arnold has arrived in Lampedusa, the idyllic Italian island off the coast of Tunisia.He arrives looking for a story (and possibly a hankering for some of the local meatballs). Instead, Arnold finds a bucolic fishing town still coming to terms with its status as a gateway to Europe for Africa's migrants and refugees, the brutality of exile, and a world still grappling with its own humanity.
A brief overview of money's historical relationship to the commodities of gold and silver, including the author's prophetic view of a new stage in monetary technique wherein monetary status and pure commodity value may be reciprocally beneficial and ultimately advantageous to the economy at large.
2010 Reprint of 1947 Edition. Two volumes in one.Benjamin Graham (1894 - 1976) was an American economist and professional investor. Graham is considered the first proponent of Value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book Security Analysis. Graham intended the lectures transcribed in Current Issues in Security Analysis as a way to update the 1940 revision of his classic work, Security Analysis. These lectures are from the series entitled Current Problems in Security Analysis that Mr. Graham presented at the New York Institute of Finance from September 1946 to February 1947. Published using a typewriter, these are the transcripts of ten lectures given by Graham. They communicate Graham's understanding of the main issues and perils of investing. The format is the teacher/student interaction, with Graham providing a formal lecture and later answering questions.
In The Intelligent Forex World Currency and World Commodities, Graham offers a more global analysis of the systems that could reduce dangerous cycles of price instability in order to achieve stability in a postwar economy. Graham, in an astonishing display of foresight, shows how commodity reserves should play an important part in any economic policy.Throughout the book, Graham maintains that stabilization of commodities offers a comparatively simple technique by which the world could achieve the fourfold objective of foreign-exchange stability, reasonable price stability, protective stockpiles, and - most importantly - a balanced expansion of the world's output and consumption of useful goods.
The proceedings of a seminar on the economy, interest rates, portfolio management, and bonds vs. common stocks
by Benjamin Graham
Rating: 5.0 ⭐
I am a ghost writer. I died on September 21, 1976, at age 82 in Aix-en-Provence, France. Of course, there are those who claim that there is nothing after death. How, then, do you explain that I am alive and well and teaching at Olinger University in the Finance Department. I am teaching courses on value investing. I have the good fortune and great good luck to be visited frequently by my former students William J. Ruane, Irving Kahn, and Walter J. Schloss. My book The Intelligent Investor has been described by one well known billionaire (one of my best students) as "the best book about investing ever written." Now I’m going to make you one my very best students! Here’s my take on value Value investing is a stock market investment strategy that finds undervalued companies. It is not "buy low, sell high." It is not "my advisor recommends this company." It is not "my friend has a hunch about this company." It is not "this company is a bargain compared with other companies in its market." It is not "this company is taking advantage of a scientific breakthrough." It is not "this company flips other companies." It is not "This company uses computers or computer science to create wealth." To find a true value investment, a value investor must do extensive, targeted research. Research, research, and more research. Research should A need in the marketplace that is not realized by the large majority of market investors. A niche in the marketplace that has a product most customers need but are unaware of that need. A need that is "real"; that is, the need must be filled by operating on commodities or actual materials that will produce a salable product in a targeted market. Service companies or production based on numeracy are not valid value investments. A company that is fully capitalized. The total cost of production must be within a realistic budget. The differential between the selling price and the cost of the product must be able to withstand vulnerabilities in the marketplace. A product or niche that can attract investors. A company whose main strategy is long-term. A management team that runs the company with years of experience in the market where the need exists. A management team that understands risks, opportunities, and competition. A management team that understands effective decision making, core competencies, controlling an organization, finance, and logistics. A management team that has excellent relations with all aspects of the customers, vendors, unions, workers, regulators, investors, marketers, the local community, local, state, and national governments, law makers, and financiers. In a recent interview with Bloomberg News, Jim Rogers said, "Graphene is as important to the world as electricity, as the Internet." Although I pride myself on knowledge of all things economic, I had never heard the word "graphene" and had no idea what "graphene" was, I began to do a little digging to find out as much as I could about graphene. I found out that many people agree with Rogers' assessment. Rogers also said that Mason Graphite is the best graphite play. My question is Is Mason Graphite a true value investment? This e-book is a report on my attempt to answer that question with a lesson in the critical importance of research.
by Benjamin Graham
Rating: 3.8 ⭐
Intelligent Investor, Shoe Dog, 10% Happier, You Are a Badass, Life Leverage, Eat That Frog 6 Books Collection Set. Description:- Intelligent Investor: The Definitive Book on Value Investing - A Book of Practical Counsel The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of “value investing”—which shields investors from substantial error and teaches them to develop long-term strategies. Shoe Dog: A Memoir by the Creator of NIKE In 1962, fresh out of business school, Phil Knight borrowed $50 from his father and created a company with a simple mission: import high-quality, low-cost athletic shoes from Japan. 10% Happier: How I Tamed the Voice in My Head, Reduced Stress Without Losing My Edge, and Found Self-Help That Actually Works After having a nationally televised panic attack, Harris knew he had to make some changes. A lifelong non-believer, he found himself on a bizarre adventure and realised that the sources of his problems was the very thing he always thought was his greatest asset. You Are a Badass: How to Stop Doubting Your Greatness and Start Living an Awesome Life In this refreshingly entertaining how-to guide, bestselling author and success coach, Jen Sincero, serves up 27 bitesized chapters full of hilariously inspiring stories, sage advice, easy exercises, and the occasional swear word. Life Leverage: How to Get More Done in Less Time, Outsource Everything & Create Your Ideal Mobile Lifestyle Life Leverage means taking control of your life, easily balancing your work and free time, making the most money with the minimum time input & wastage, and living a happier and more successful life. Eat That Frog!: Get More Of The Important Things Done Today There's an old saying that if the first thing you do each morning is to eat a live frog, you'll have the satisfaction of knowing that it's probably the worst thing you'll do all day.
by Benjamin Graham
Rating: 4.7 ⭐
Intelligent investor:over the years, market developments have proven the wisdom of graham’s strategies. while preserving the integrity of graham’s original text, this revised edition includes updated commentary by noted financial journalist jason zweig, whose perspective incorporates the realities of today’s market, draws parallels between graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply graham’s principles, life leverage:using rob moore's remarkable life leverage model, you'll quickly banish & outsource all your confusion, frustration and stress & live your ideal, globally mobile life, doing more of what you love on your own terms,mindset with muscle:how would it feel to have the body and business you've always dreamed of? mindset with muscle takes you on a different transformation journey. rather than hitting the gym and obsessing about success, how to be fucking awesome:if you've been looking for a kick up the backside to finally launch that business, start a new project you've been putting off or just become all round awesome, this book is for you. why do some people have an awesome life,fitness mindset:how would it feel to have the body you've always wanted, a huge boost in energy, and the mindset to keep it forever? have you ever felt frustrated about not getting the results you want? do you feel you are eating the right foods and doing the correct workouts but your body still isn't changing as quickly as you want and mindsetworld-renowned stanford university psychologist carol dweck, in decades of research on achievement and success, has discovered a truly groundbreaking idea-the power of our mindset
In this book, Pastor Ben Graham addresses the political correctness that has crept into our country that has tried to silence Christians. "Bring Back the Glory" encourages Christians to take a stand for the Lord and shows us how we can Bring back the Glory that our Nation once knew.
by Benjamin Graham
Rating: 4.5 ⭐
"Um roteiro de investimentos que tenho seguido há 57 anos."_Warren E. Buffet, em prefácio para esta ediçãoConhecido como a bíblia do investidor de valor, este é um livro essencial para a análise de ações e de títulos.Publicado originalmente em 1934, Análise de investimentos tornou-se um dos mais influentes livros de finanças já escrito, com mais de um milhão de cópias vendidas em todo o mundo.Esta edição, revista e ampliada pelos autores, traz também ensaios de grandes investidores e acadêmicos de finanças. Uma equipe estelar de mestres do investimento explica como os princípios e as técnicas de Graham e Dodd são imprescindíveis no mercado atual. Um verdadeiro manual contemporâneo de investimentos para quem deseja alcançar o sucesso financeiro. "A nova edição de Análise de investimentos deveria estar na biblioteca de todo estudante sério de finanças."_David F. Swensen – Diretor de investimentos da Yale University "Análise de investimentos, um clássico da década de 1930 atualizado por algumas das maiores mentes financeiras de nossa geração, é mais essencial do que nunca como ferramenta de aprendizado e uma obra de referência para os investidores disciplinados de hoje."_Jamie Dimon – Presidente e diretor executivo da JPMorgan Chase
The classic work from the “father of value investing"—fully updated for today’s generation of investors.Security Analysis is one of the most influential financial books ever written. With more than million copies sold, it has provided generations of investors with the timeless value investing philosophy and techniques of the legendary Benjamin Graham and David L. Dodd.Security Analysis, Seventh Edition features the ideas and methods of today’s masters of value investing, who discuss the influence of Graham and Dodd on today’s markets and contextualize the philosophy that has influenced so many famous investors.The successful value investor must constantly be in the process of reinvention, of raising his or her game to navigate the terrain of new eras, novel securities, nascent businesses, emerging industries, shifting standards, and evolving market conditions. With the diverse perspectives of experienced contributors, this new edition of Security Analysis is a rich and varied tapestry of highly informed investment thinking that will be a worthy and long-lived successor to the preceding editions.This audiobook was produced and published by Echo Point Books & Media, an independent bookseller in Brattleboro, Vermont. 1951, 2023 McGraw Hill (P)PLEASE When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
by Benjamin Graham
by Benjamin Graham
«El mejor libro sobre inversión jamás escrito.» WARREN BUFFETT BESTSELLER INTERNACIONAL EDICIÓN REVISADA Y ACTUALIZADA PRÓLOGO Y APÉNDICE DE WARREN BUFFETTLa obra maestra de Benjamin la biblia de las finanzas que inspiró a Warren Buffett y descubrió al mundo la inversión en valor.Considerado el más importante consejero en inversión del siglo XX, Benjamin Graham enseñó e inspiró a financieros de todo el mundo. En El inversor inteligente, un libro que se convirtió en la biblia de los inversores ya desde su primera publicación en 1949, presentó su filosofía, basada en el concepto de "invertir en valor".A lo largo de sus páginas, Graham explica a los inversores cómo evitar errores de estrategia, al tiempo que describe cómo desarrollar un plan racional para comprar acciones y aumentar su valor. Todo ello pensando en el largo plazo, pues se trata de un método dirigido a inversores y no a mientras que el especulador sólo tiene en cuenta las tendencias del mercado, el inversor obtiene sus beneficios con base en la disciplina y la investigación.En este bestseller internacional, Graham demuestra que lo más importante para planificar una estrategia de inversión no es la maximización de los beneficios, sino la minimización de las pérdidas. Con el paso de los años, el mercado ha ido dando la razón a todas y a cada una de las estrategias planteadas por Benjamin Graham, cuya obra sigue siendo una referencia ineludible.Esta edición, además, cuenta con la valiosa aportación del periodista financiero Jason Zweig, quien se ha encargado de comentar y actualizar el texto, trazando paralelismos entre los ejemplos aportados por Graham y las situaciones reales vividas en el mundo de las finanzas en los últimos años.El inversor inteligente, además de ser un clásico atemporal e imprescindible en cualquier biblioteca que se precie, es la obra más importante que se puede leer para proteger nuestras inversiones y alcanzar nuestros objetivos financieros.