The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) (Collins Business Essentials)

Category: Investing
Author: Benjamin Graham
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by DirectorCurator   2019-08-24

How deep down the rabbit hole do you want to go? Buffett himself would recommend you index. But, if you must, start with Ben Graham and move on to learning accounting and then start with Buffett's annual letters.

by vstky   2019-08-24
  • The Little Book of Common Sense Investing - Jack Bogle. He explain why just buy and hold a low cost index fund (like SPY) is the way to go.
  • The Intelligent Investor - Benjamin Graham. The Bible of Stock Picking. Unfortunately, less than 1% can beat the market long term doing that.
  • The Single Best Investment - Lowell Miller. Good if you thing is income.
  • Dual Momentum Investing - Gary Antonnacci. A really good improvement of Jack Bogle's thesis of investing only in index funds.
by shantmelikian   2019-07-21

Just look at the right side of r/weedstocks forum... if you scroll down enough you will see these :

GUIDES AND MARKET RESOURCES

  • A Beginner's Guide to Investing
  • The Intelligent Investor
  • Investopedia

You can start there.

Plus you can search content on this sub for new investors. A lot of people are nice enough and try to help new investors. Only bit of advice I can give you is do not FOMO (Fear of missing out). Always do your own DD (Due diligence) before investing. Take peoples advice with a grain of salt.

by SovArya   2019-07-21

yes, yes. you can check pse.com.ph for more info - and or the bank you frequently use. :)

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for more information on basic stocks - read intelligent investor by benjamin graham.

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p.s. don't invest in things you don't know and or don't understand. and be doubtful of financial advisors. research it as if you're researching how not to get pregnant, if you're a virgin, and about to have sex (meaning take it seriously) :)

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https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661

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you can get a copy in national book store or any major book store in ph :)

by bbqbot   2019-07-21

Go read Benjamin Graham's The Intelligent Investor for everything you need to know about value investing. Buffet claims he won't ever write a book since everything is in there (also, author is the guy who Warren learned from).

Excellent book.

by Fabul0usLumin0us   2019-07-21

>90/10 stocks bonds until you're closer to retirement.

You might want to read that book too while you're at it. Keeping less than 30% bond is taking unnecessary risks.

by strolls   2019-07-21

Buy value stocks. ¯\_(ツ)_\/¯

by westurner   2019-07-12
This book probably doesn't mention that he's given away over 71% to charity since Y2K. Or that it's really cold and windy and snowy in Omaha; which makes for lots of reading time.

"Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage" (2008) [1], "Buffetology" (1999) [2], and "The Intelligent Investor" (1949, 2009) [3] are more investment-strategy-focused texts.

[1] https://smile.amazon.com/Warren-Buffett-Interpretation-Finan...

[2] https://smile.amazon.com/Buffettology-Previously-Unexplained...

[3] https://smile.amazon.com/Intelligent-Investor-Definitive-Inv...

Value Investing: https://en.wikipedia.org/wiki/Value_investing https://www.investopedia.com/terms/v/valueinvesting.asp

by doverthere   2019-01-13

Read: The Intelligent Investor . It's one of the best books you can read if you're interested in investing.

Investopedia university has plenty of great articles to read. Investopedia also has a stock simulator which you can use to practice with fake money.

Then go listen to some podcasts related to stock markets. Motley Fool Answers is a good podcast with some good financial advice and their mailbag episodes are helpful. There's plenty out there

by BeatElite   2019-01-13

The last Willey "for dummies" series I got was the how to land an IT job one and most of them were easy to read and had some decent pointers. That being said I'm always skeptical on getting stock market books. I own The intelligent investor and also have listened to Money Management Skills on the great courses audible series and I can say that phrase I keep hearing the most is that "you can't beat the market".

The average person who goes on etrade or Robin hood doesn't have the same resources as those higher up do with computers that can process hundreds of trades in the blink of an eye or potential insider sources . We also get emotional over stocks and find it hard to disassociate ourselves from our losses and boast about our gains. Getting someone else to manage your portfolio is also costly and you can most likely get better gains as long as you diversify your stocks in a mutual index fund. That's just a bit of what I learned and I suggest getting those 2 books/audiobooks that I recommend. I still believe the dummies books will be good, but from what I read, you'll have much more stress trying to maximize gains individually actively rather than take a backseat in a well diversified portfolio

by indexinvestoreu   2019-01-13

I would recommend against buying individual stocks for any non-sophisticated investors. There is wide research that shows that most active investors can't consistently get good returns on individual stocks. The bogleheads wiki elaborates on this topic (https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy)

If you do wish to invest in individual stocks I think you may need to devote time to do thorough research on your investments. I seriously don't think some stocks recommendations on reddit are going to be very useful. The learnings of the Intelligent Investor ([https://toptalkedbooks.com/amzn/0060555661) ) are a good start.

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by firstreminder   2018-11-10

Easiest thing you could do is put as much as you can into the Vanguard 2065 retirement fund and max out retirement accounts. Best thing would be to pick safe companies, pay attention read their proxy statements and vote sensibly, not giving the board whatever they suggest. This is the downside of index funds, which agree with the board over 90% of the time because they have too many positions to track.

Books:

by ShrinknShrivel   2018-11-10

The best advice I can think of is for you to start here: https://toptalkedbooks.com/amzn/0060555661

by NorthSuperior   2018-11-10

https://toptalkedbooks.com/amzn/0060555661

by utahphil   2018-11-10

Seriously, close your browser and start reading.

by TOMtheCONSIGLIERE   2018-11-10

Some books, read them all (in no particular order):

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Book #1

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Book #2

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Book #3

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Book #4

by mepcotterell   2018-11-10

First thing's first: Crash Course for New Investors.

Then, look up The Intelligent Investor .

by burn__the__witch   2018-03-19

The Intelligent Investor

by TheMightyLizard   2018-03-19

Ok, that's basically what I did when I started out. Let me just say, there is a learning curve- and LOTS to learn. However, if investing turns out to be something you enjoy, and you always continue learning, you open the door to higher returns in general (and a very interesting hobby :D ).

At the start, you don't need to know much more than the general facts. Equity, bonds, the market. What the lingo means, and where the resources are. The original book I got for an overview was the following, and I would recommend it: The The FT Investing Guide - not a cheap book, but will go over the foundational knowledge you need.

I would then follow with The Intelligent Investor , which is THE great value-investment book. It will tell you about how to logically approach investing in companies, and give you a framework for choosing better companies to invest in, and not overpaying for the equity you invest in.

Knowledge of macro economics is also a plus, imo. I started off by reading Economics for Dummies (yes, really).

The basics of accounting is somewhat essential, but it's covered in the FT guide. If you can get to the point where you can understand a typical income statement, balance sheet or statement of cash flows, it should be enough to be a competent investor. It allows you to understand the underlying financial health of a business, which is very important.

Your aim is to find strong companies, with good future prospects, which are undervalued by the market, and invest for the long-term. This will allow you to maximise your returns.

..I was all set to continue writing this wall of text, but I think I'll leave it here for now. If you have any further questions, or would like more clarification on any points, I'd be happy to help. So just let me know.