When Warren Buffett comments about The Intelligent Investor book as 'The best book on investing ever written,' I don't think I should share a review. So, instead, I will share my views about the book.
The Intelligent Investor, Rev. Ed - Kindle edition by Graham, Benjamin, Jason Zweig, Warren E. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading The Intelligent Investor, Rev. The intelligent investor is the one who estimates the value of a stock based on some key parameters like the company's long-term prospects, quality of management, financial strength and capital structure, dividend record, and current dividend.
- The intelligent investor is the one who estimates the value of a stock based on some key parameters like the company's long-term prospects, quality of management, financial strength and capital structure, dividend record, and current dividend.
- The Intelligent Investor offers sound advice on investing from a trustworthy source – Benjamin Graham, an investor who flourished after the financial crash of 1929.Having learned from his own mistakes, the author lays out exactly what it takes to become a successful investor in any environment.
- The Intelligent Investor is a classic and Graham's wisdom, timeless. The principles of investing presented by Graham hold true in varied economic and investing climates. Still, how this wisdom is applied in making investment decisions can change to address varied circumstances. Graham writes: 'The underlying principles of sound investment.
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I don't think I will share a review of the book The Intelligent Investor. The fact of the matter is, I won't be able to justify a review.
So, instead, I will share my views about the book and why every Indian retail investor should read this book at least once. Sd host adapter windows 10leadingdwnload. However, if you want to be an intelligent investor, it is a book you should read once every few years.
I have read it more than once, and I can say there is so much more to learn each time I read it.
My Views of the Book – The Intelligent Investor
When Warren Buffett recommends reading this book to investors, it has to be an excellent book.
There is so much wisdom for any investor; it is one of the must-read books.
But one must understand, the book is not all about stock picking, but it is more about risk management through asset allocation and diversification along with having a margin of safety in your investment.
How essential is it to invest with a margin of safety? How you should buy from optimist of Mr. Market and sell it to the pessimist of Mr. Market.
The return from the market is not a factor of how much risk you take, but it is a factor of how much effort an investor has put in to study the investment.
I quote:
The rate of return sought should be dependent, rather, on the amount of intelligent effort the investor is willing and able to bring to bear on his task.
This is important.
If you aren't able to work your way to understand the minute business details, it is tough for an investor to be intelligently investing.
Some Myth Bursts As We Read the Book
Are we an Investor?
We Indian retail investors know – one who invests for the long-term is an investor. I see people like to term six month long investors as well.
The book will clarify who is an investor and who is not.
An investor is the one who invests based on understanding the underlying business and nothing else.
It isn't about investing based on PE ratio of the peers or a factor of how many months or years you remain invested. I share a similar view in my article on fundamental analysis as well.
If you aren't investing by understanding the underlying business, you are a long-term speculator as Benjamin Graham likes to put it.
Invest for the Future
The other concept we have among investor is, we are considering to invest in companies that are doing good.
Benjamin Graham has a view of not using past performance to judge the companies future potential.
The chances are, the past performance may be tough to replicate in the future.
Investing in the market is all about investing for the future. Past is gone. So always consider investing based on future prospects and growth.
Valuations
Always buy stocks which are available at a valuation below their intrinsic value.
Note, it is not below the price to earnings ratio of the peers.
So, if the value of the company is cheaper than the cash it can generate, it is the best possible investment.
Don't try to time the market but remain invested.
At times, the market doesn't get back to rewarding the earnings right when you thought it should.
Be patient and stay put. If you consider the investment still has the same value as the initial investment, the price movement is immaterial.
So many Earnings Per Share
Earnings per share have an entire chapter to let you understand the concept of it, but the example is from the ALCOA company of the US from 1970.
Though quite old, it seems still relevant.
We have so many EPS to consider like Basic EPS, diluted EPS, so on and so forth.
It is one chapter where the EPS will help you understand the intrinsic value. Again, we use the PE ratio, but what is more important is the earning per share.
Margin of Safety
The best part I like about the book is, it has a rule that you should not be losing. When you have the margin of safety, it is better to have a significant margin of safety, so you don't lose a single penny of your investment.
We understand it is about winning more than loosing as investors but this book take that out of the equation of making a loss. It is all about investing right to make sure you are always winning.
Table of Content
Let me the table of content for you. This book doesn't have many sub-headings within chapters.
So be prepared to read the chapters in a flow.
The Intelligent Investor Principles
- Investment versus Speculation: Results to Be Expected by the Intelligent Investor
- The Investor and Inflation
- A Century of Stock-Market History: The Level of Stock Prices in Early 1972
- General Portfolio Policy: The Defensive Investor
- The Defensive Investor and Common Stocks
- Portfolio Policy for the Enterprising Investor: Negative Approach
- Portfolio Policy for the Enterprising Investor: The Positive Side
- The Investor and Market Fluctuations
- Investing in Investment Funds
- The Investor and His Advisers
- Security Analysis for the Lay Investor: General Approach
- Things to Consider About Per-Share Earnings
- A Comparison of Four Listed Companies
- Stock Selection for the Defensive Investor
- Stock Selection for the Enterprising Investor
- Convertible Issues and Warrants
- Four Extremely Instructive Case Histories
- A Comparison of Eight Pairs of Companies
- Shareholders and Management: Dividend Policy
- 'Margin of Safety' as the Central Concept
Final Thoughts
Of course, it is a must-read book, and it will help you for sure to answer all your queries on selecting the right investment opportunities.
- What should be the return on our investment and how to beat the inflation investing in equity.
- How investing in bonds and FD can't even beat inflation.
- How aggressive should your portfolio be? Should it have bonds and what percentage of the bond should be part of your portfolio?
- Why should we invest over time and intelligently? If not in stocks, then go with index funds.
- The do's and don'ts of an aggressive investor.
Without much of ado, go ahead and check out the book on Amazon India.
Ajj ham aapko The Intelligent Investor Hindi PDF ek best selling book hai jo ki Benjamin Graham ne likhi hai. Aap iss post ko pura pdhe jisme kuchh minut hi lagega lekin isase aap kafi kuchh sikh payenge aur jab aap iss book ko padhne jayenge to aasani se samjh me bhi aayega kyoki dekha gay hai ki kai log yah book kharid lene ke baad kahte hai ki kuchh samjh nahi aa raha isiliye iss post ko pura dhyan se padhe
Warren Buffet , jo ki duniya ke richest person me gine jate hai aur share market se unhone apar safalta prapt ki hai aur vah khud batate hai ki meri pahli book jo maine investment ya share market se related padhi vah the intelligent investor hai uar wo iske writer Benjamin Graham ko apna guru mante hai.
Yah The Intelligent Investor Book In Hindi aaj bahut hi papular ho chuki hai aur best selling book ke list me samil hai halaki bilkul Zero share market ke baare me jankari rakhne wale yadi ise padhe to unhe kafi boring feel hogi kyoki isme kai aise word hai jo share market ke technical word hai.
How can one download the 'Intelligent Investor' book by Benjamin Graham?
To aapko yah book padhne se pahle share market ke bare me kuchh jankari hasil kar leni chahiye to ab mai iss book ke baare me batane ja raha hu aur jo log iss book ko pdf download karna chahte hai unhe mai batadu ki yah ek royalty book hai jise padhne ke liye aapko kuchh paise pay kane padenge.
halaki upar maine title the intelligent investor in hindi pdf diya hai kyoki iss tarah khojne wale yaha aa sake aur iss baare me jan sake to chaliye ab idhar udhar ki baate na karke book ko sur karte hai.
the intelligent investor audiobook in hindi download
Agar aap iska Hindi Audiobook Sunana Chahte hai to vaise to vah bhi free nahi hai lekin mai niche uss audio book ko de de raha hu jise aap free me sunn sakte hai isame puri kitab ko hindi language me avaj di gayi hai jise aap sun sakte hai.
Aur agar aap English audiobook ki baat kare to use aapko Audible se kharidna padega audible ek aisi site hai jo kitabo ka audiobook banakar bechti hai.
- Share Market ke basic knowledge in Hindi
- Demate Account Kya hota hai kaise khulwate hai
Though quite old, it seems still relevant.
We have so many EPS to consider like Basic EPS, diluted EPS, so on and so forth.
It is one chapter where the EPS will help you understand the intrinsic value. Again, we use the PE ratio, but what is more important is the earning per share.
Margin of Safety
The best part I like about the book is, it has a rule that you should not be losing. When you have the margin of safety, it is better to have a significant margin of safety, so you don't lose a single penny of your investment.
We understand it is about winning more than loosing as investors but this book take that out of the equation of making a loss. It is all about investing right to make sure you are always winning.
Table of Content
Let me the table of content for you. This book doesn't have many sub-headings within chapters.
So be prepared to read the chapters in a flow.
The Intelligent Investor Principles
- Investment versus Speculation: Results to Be Expected by the Intelligent Investor
- The Investor and Inflation
- A Century of Stock-Market History: The Level of Stock Prices in Early 1972
- General Portfolio Policy: The Defensive Investor
- The Defensive Investor and Common Stocks
- Portfolio Policy for the Enterprising Investor: Negative Approach
- Portfolio Policy for the Enterprising Investor: The Positive Side
- The Investor and Market Fluctuations
- Investing in Investment Funds
- The Investor and His Advisers
- Security Analysis for the Lay Investor: General Approach
- Things to Consider About Per-Share Earnings
- A Comparison of Four Listed Companies
- Stock Selection for the Defensive Investor
- Stock Selection for the Enterprising Investor
- Convertible Issues and Warrants
- Four Extremely Instructive Case Histories
- A Comparison of Eight Pairs of Companies
- Shareholders and Management: Dividend Policy
- 'Margin of Safety' as the Central Concept
Final Thoughts
Of course, it is a must-read book, and it will help you for sure to answer all your queries on selecting the right investment opportunities.
- What should be the return on our investment and how to beat the inflation investing in equity.
- How investing in bonds and FD can't even beat inflation.
- How aggressive should your portfolio be? Should it have bonds and what percentage of the bond should be part of your portfolio?
- Why should we invest over time and intelligently? If not in stocks, then go with index funds.
- The do's and don'ts of an aggressive investor.
Without much of ado, go ahead and check out the book on Amazon India.
Ajj ham aapko The Intelligent Investor Hindi PDF ek best selling book hai jo ki Benjamin Graham ne likhi hai. Aap iss post ko pura pdhe jisme kuchh minut hi lagega lekin isase aap kafi kuchh sikh payenge aur jab aap iss book ko padhne jayenge to aasani se samjh me bhi aayega kyoki dekha gay hai ki kai log yah book kharid lene ke baad kahte hai ki kuchh samjh nahi aa raha isiliye iss post ko pura dhyan se padhe
Warren Buffet , jo ki duniya ke richest person me gine jate hai aur share market se unhone apar safalta prapt ki hai aur vah khud batate hai ki meri pahli book jo maine investment ya share market se related padhi vah the intelligent investor hai uar wo iske writer Benjamin Graham ko apna guru mante hai.
Yah The Intelligent Investor Book In Hindi aaj bahut hi papular ho chuki hai aur best selling book ke list me samil hai halaki bilkul Zero share market ke baare me jankari rakhne wale yadi ise padhe to unhe kafi boring feel hogi kyoki isme kai aise word hai jo share market ke technical word hai.
How can one download the 'Intelligent Investor' book by Benjamin Graham?
To aapko yah book padhne se pahle share market ke bare me kuchh jankari hasil kar leni chahiye to ab mai iss book ke baare me batane ja raha hu aur jo log iss book ko pdf download karna chahte hai unhe mai batadu ki yah ek royalty book hai jise padhne ke liye aapko kuchh paise pay kane padenge.
halaki upar maine title the intelligent investor in hindi pdf diya hai kyoki iss tarah khojne wale yaha aa sake aur iss baare me jan sake to chaliye ab idhar udhar ki baate na karke book ko sur karte hai.
the intelligent investor audiobook in hindi download
Agar aap iska Hindi Audiobook Sunana Chahte hai to vaise to vah bhi free nahi hai lekin mai niche uss audio book ko de de raha hu jise aap free me sunn sakte hai isame puri kitab ko hindi language me avaj di gayi hai jise aap sun sakte hai.
Aur agar aap English audiobook ki baat kare to use aapko Audible se kharidna padega audible ek aisi site hai jo kitabo ka audiobook banakar bechti hai.
- Share Market ke basic knowledge in Hindi
- Demate Account Kya hota hai kaise khulwate hai
The Intelligent Investor Book In Hindi
Yah book jab suru hoti hai to isme writer ne pahle investment ke liye kuchh defenition jo logo ko pahle yah batati hai ki investment sahi mayane me hai kya. Writer kahte hai ki yadi aap investment karna chahte hai share market me to aapko kuchh sidhhanto ke anurup chalna chahiye unhone mukhyatah 3 point diye hai jo ki kuchh iss prakar hai.
- Company ka pahle Analysis karna
- Apne muldhan yani jo paisaaap laga rahe hai use bachaye rakhna
- Ek vajib ya behtar return jisase aapka kuchh fayda ho
Is Intelligent Investor still relevant?
Ab mai tino ko ek ek karke batata hu jaise pahla hai analysis to iska matlab writer bata rahe ki yadi aap kisi company me apna paisa lagane ja rahe hai to pahle uss company aur uske business ke baare me jankari malum kare ki vah karti kya hai kis field me kaam karti hai uss field ka future me scope hai ya nahi.
Bina analysis ke yadi aap apna paisa invest karte hai to yah tukke jaisa hoga yani ab aapko return melega ya loss hoga iska kuchh pata nahi. yani yah investment na hokar ek jua ho jayega jisase aap aage chalkar achha paisa banane ke bajaye apna khud ka lagaya paisa bhi gava denge.
How do you read an intelligent investor?
Ab dusre point ki baat kare to isme writer kahte hai apne paise ko khoye nahi market me matlab aapko return kam jyada ya kabhi kabhi na bhi mile to chalega lekin apne khud ke paise na khoye jo ki aap ne apne jeb se lagaye hai aur iss principle ko kabhi bhule nahi.
Ab tisre point ki baat kare to The Intelligent Investor Book me kahte hai ki aap ek achhe return ke liye prayas kare aur uss company ko hi chune jo aapko ek samay ke baad achha return de sake kyoki agar aapko retun hi nahi milega dhang ka to aapke investment ka koi matlab hi nahi.
Aur ek baat aur kahte hai ki yadi aapko milne wala return jo ki aap share marke me kisi comapny me paisa lagakar prapt kar rahe hai to vah return agar kisi bank dwara diye jane wala return jo ki sabhi ko safty ke saath milta hai , se bhi kam hai tab bhi aapka investment, investment nahi hai.
Can beginners read intelligent investors?
The Intelligent Investor Free
Aur koi Beginners is book ko aasani se read kar sakta hai kyoki Writer share market ko book me Mr. Market naam se bulate hai aur kahte hai ki mr. market 70% samay sahi hote hai aur aapko sahi time par sahi price batate hai lekin ye kabhi kabhi confuse ho jate hai aur aapko galat time par va galat price par share kharidane ko kahte hai.
To iss liye writer ka iss The Intelligent Investor Book me kahna hai ki aap market ko achhi tarah samjhe aur uski chal se sikhe ki kab market kaun sa signal de raha hai aur kab kharidana chahiye aur kab bechana chahiye iska sahi nirnay le.
The Intelligent Investor By Benjamin Graham Summary
Aur writer kahte hai ki hame jyadatar jab market me teji chal rahi ho to apne share bechne chahiye aur jab market me mandi chal rahi ho to share kharidana chahiye jisase aap jyada se jyada munafa kama sake.
Defencive & Enterprising
Writer ne apne The Intelligent Investor book me yah bataya hai ki investor 2 type ke hote hai pahle type ke investor defencive kahe jate hai aur dusare type ke investor Enterprising kahe jaate hai ab mai in dono ko niche difine karta hu.
Defencive investor wo kahe jate hai writer ke according jo koi research nahi karna chahte jyada samay nahi dena chahte ya isme chahte hai ki ek baar invest kar diya to baar baar usko dekhne ki jarurat na ho matlab ab uspqar ko mehnat na lage to aise logo ko writer defecive bata rahe jo kam risk par kam munafa bhi pate hai.
How many pages does the intelligent investor have?
Achha aage badhate huye mai yah bhi batata chalu ki iss book me kul 221 page hai to mai baat kar raha tha Enterprising ki Ye wo log hai writer ke according jo apna samay bhi dete hai aur proper research , analysis bhi karte hai aur isi vajah se yah bada munafa bhi kamate hai aur ha ke defencive ke mukable jyada risk bhi le pate hai jisase ye market me apne investment se achha khasa munafa banate hai.
The Intelligent Investor Original
To dosto Aapko kaisa laga yah article hame comment karke jarur bataye aur aur yadi aapko pasand aaya the intelligent investor in hindi pdf to apne dosto ya family ya jo share market me interested ho ko share karna na bhule.
The Intelligent Investor Hindi Summary PDF Download
