Why 'The Intelligent Investor' Belongs on Every Investor's Bookshelf
The Intelligent Investor is a classic book written by Benjamin Graham, widely considered as the father of value investing. First published in 1949, the book is a comprehensive guide to investing in stocks and bonds and is still relevant today. The book advocates a value investing approach, which involves analyzing a company's financials, assessing its intrinsic value, and investing in companies that are undervalued compared to their fair value. This approach is opposed to the speculative approach of buying high-growth stocks in the hopes of quick profits. One of the key lessons from The Intelligent Investor is the importance of having a long-term perspective in investing. Graham emphasizes the need for investors to resist the temptation to follow market trends and instead focus on building a well-diversified portfolio of undervalued stocks. He also stresses the importance of understanding the fundamental value of a company, rather than just relying on market sentiment. The book al