The Intelligent Investor
The Intelligent Investor has remained the stock market bible ever since its publication in 1949. Benjamin Graham inspired people worldwide with his philosophy of "value investing" - which protects investors from errors and instils the habit of developing long-term investing.
1. The investor’s chief problem - and even his worst enemy - is likely to be himself.
2. Once you lose 95% of your money, you have to gain 1,900% just to get back to where you started.
3. People who invest make money for themselves; people who speculate make money for their brokers.
4. Never mingle your speculative and investment operations in the same account, nor in any part of your thinking.
5. Investing isn't about beating others at their game. It's about controlling yourself at your own game.
6. You will be much more in control, if you realize how much you are not in control.
7. The intelligent investor is a realist who sells to optimists and buys from pessimists.
8. Being an intelligent investor is more a matter of “character” than “brain.”
9. Those who do not remember the past are condemned to repeat it.
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