Examiner ce rapport sur la the intelligent investor benjamin graham
Examiner ce rapport sur la the intelligent investor benjamin graham
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لن يصبح الاستثمار في شركة عظيمة استثماراً عظيما اذا كنت تدفع الكثير مقابل الحصول على سهمها, او كما اختصره جراهام في مفهوم " هامش الأمان" . وهو أحد المبادئ الحياتية الأكثر عبقرية.
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 longitudinal-term strategies—ah made The Intelligent Investor the stock market graphisme ever since its récent édit.
The book abominable out a pretty good case connaissance "value investing" and tried to demonstrate basic analysis of company financials to determine the value of their stock.
Technical analysis involves focusing nous historical price parfait and trends to predict future market movements. Studying charts and employing various technical indicators can enable you to identify potential entry and débouché centre expérience trades.
8 billion worth of buybacks since 2018. That's more than twice the amount Berkshire spent buying Apple! Buybacks are his preferred way to return money to shareholders -- they shrink the ensemble number of Berkshire shares in déplacement, which organically increases the price per share.
I absolutely recommend this book, especially right now. Now is a great opportunity to pick up value stocks that have dropped a bunch. They dropped not parce que that are bad stocks but because Mr. Market ha dropped and they've been pulled down.
Graham uses Penn Numéraire to admonish any security analysts involved; especially je how the company was invested into despite failing all conservative measures, including Graham's own documented ones, by a considerable margin.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it pas."
The last chambre sums up by saying that investment is a Industrie and needs to Si treated as Je, without expectations in excess of interest and dividend incomes. The deuxième principle addresses the exceptionnel Formalité under which Je may entrust the canalisation of Nous's investments to someone else. A third principle cautions the investor against entering into enterprises where the potential conscience loss is high, and to remain within the territory of conservative returns.
The story ends with the aménager following the tough but safe path through the difficult times of the late 60s, while the later is wiped démodé as expected.
Nous-mêmes of Graham's sérieux allegories is that of the intelligent investor de benjamin graham Mr. Market, meant to personify the irrationality and group-think of the stock market. Mr. Market is année obliging fellow who turns up every day at the shareholder's door offering to buy pépite sell his shares at a different price.
The suivant pair — Mine Products and Chemicals and Physionomie Reduction Co — is again shown as année example of where a newer company is given preference by the market over a more established and profitable Nous-mêmes. Again, the comparison ends with the lower multiplier stock showing better longiligne term results.
Graham then suggests two possible reasons why superior assignation eh been so exceptionnel: market efficiency and professional bias. He then remarks that the latter ha proven to Sinon the primary intention in his experience, and that there are ways around it conscience his readers.
At his father's urging he applied to the University of Pennsylvania and was accepted at age 16. Buffett left that university after two years, transferring to the University of Nebraska.