This Jieminggelei Graham is Buffett's teacher, called the greatest practical investment thinker. His book "The Intelligent Investor" Warren Buffett is known as the history of the most outstanding works of an investment. Buffett believes that if we can comply with Geleiemu advocate conduct and business ethics, it will get good investment results.
The purpose of the "smart investors" in order to guide ordinary people to avoid falling into serious error, and the establishment of a make it feel safe and secure investment strategy. Around the above purpose, the book to be discussed in the following five aspects.
First, through reasoning, examples and advice, to try to make the reader to form a proper mental and emotional in their investment decisions. The author believes the biggest problem is to stimulate investors and stock market vulnerable to the temptation; worst enemy may be their own.
The second is that the reader can establish the concept of establishing metrics and quantifiable in some pretty cheap price to buy, thrown on the expensive price. To buy shares like buying groceries, like, buy only those prices are not much higher than its tangible assets value of the stock.
The third is to emphasize above average, to obtain excess returns failure rate is very high, beyond any reasonable aggressive strategy and security in the region, will encounter many obstacles. Trying to get the reader to accept a simple portfolio strategies (purchase of several high-grade bonds at the same time, hold a diverse set of leading shares) is a very effective method.
Fourth, try to convince the reader that only firmly established on the basis of the principles on security, thoughtful approach to investing can bring considerable benefits.
Finally, the authors argue that the history of financial markets and financial markets evolution model for securities investment wise is very important, therefore, with great length to discuss the history of American securities, investors strive to make different bonds and stocks performance under different conditions, have sufficient knowledge.
Author: Xiao Gui Gui whimsy
link: https: //www.jianshu.com/p/a2814b9f19d3
Source: Jane book
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