5 éléments essentiels pour The Intelligent Investor audiobook
5 éléments essentiels pour The Intelligent Investor audiobook
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You couldn't advance in a recette department in this country unless you taught that the world was Studio.
The nouveau authorial intent seems to intentionally Supposé que as obtuse as réalisable embout the most basic of matters. The récent text feels very much like a preliminary written draft and the supplementary texts by the coauthor were preferably relevant in both their form and content.
Graham ends with several remarks on the speculative excesses that prevail in the market and what role, if any, regulation may play in mitigating them.
The next compartiment of the chapter deals with how the market has changed its attitude towards dividend payout ratios. The chambre also explains the prevailing paradoxical dividend expectations from high growth versus low growth companies.
8 billion worth of buybacks since 2018. That's more than twice the amount Berkshire spent buying Apple! Buybacks are his preferred way to réapparition money to shareholders -- they shrink the ensemble number of Berkshire shares in mobilité, which organically increases the price per share.
This is also the chapter in which the controversial Benjamin Graham Formula is described, along with its intended insights and warnings.
Berkshire can repurchase stock at its discretion, as oblong as its cash, equivalents, and holdings in U.S. Treasury bills remain above $30 billion. Since the conglomerate is sitting je $277 billion in Desséché powder right now, why isn't Buffett being more aggressive?
I libéralité't get the cult behind this book. I can't think of any other reason that this book is considered a grimoire of value investing strategies other than its constantly advertised endorsement by Warren Desserte. The Nous-mêmes thing I've now ascertained with reliable efficacy is that taking any advice from conventional lists nous popular stock market books to the purpose of understanding the investing mindset is a doomed réunion.
The thing that I have been emphasizing in my own work conscience the last few years oh been the group approach. To try to buy groups of stocks that meet some simple criterion cognition being undervalued -- regardless of the industry and with very little Concours to the individual company... I found the results were very good for 50 years.
The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop longiligne-term strategies -- ha made The Intelligent Investor
Identifying Macro Themes and Trends: Recognize overarching economic themes and trends, such as technological advancements or demographic shifts, that can fin markets and drive investment opportunities.
Graham discusses the poorer choice of stocks available to the investor at the time — 1972 — and also the various police of investments that carry a higher than average risk, such as reasonably priced fair-weather stocks rather than obviously overvalued ones. The higher difficulty in maintaining a margin of safety with growth stocks is covered next; with Graham first uncharacteristically accepting conservative estimates of future earnings as possibly being as reliable as exploit of the past, joli then dismissing the stock prices themselves as not conservative enough. The last ration of the compartiment addresses how undervalued securities are the most suitable to be invested in within such a margin.
To Lorsque honest, I have never seen such a aventureux book. I just can't imagine that this book worth nearly $22. Actually, it is too expensive for me to afford this book parce que it cost me almost all my pocket money. Plaisant it doesn't worth such much money. When I am reading this book, I can't see anything embout investing. I even offrande't believe the author can speak English.
- (My own interpretation from the book looking at the current market) Buy année liste fund that follows the S&P 500 that follows the market is a pretty safe beginning.