The Intelligent Investor - A Book of Practical Counsel

Benjamin Graham's work is a foundational text in the realm of investing, offering timeless principles that stress disciplined, value-oriented investment strategies over speculative tactics. It advocates for a rational approach to the stock market, emphasizing the importance of thorough analysis and a margin of safety to protect investors from substantial losses.

• Investment versus Speculation: Distinguishes investing, which is based on thorough analysis and safety of principal, from speculation driven by market trends and emotions.
• Margin of Safety: Emphasizes purchasing securities at prices significantly below their intrinsic value to minimize risk.
• Mr. Market Analogy: Introduces the concept...

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