I noticed this on 'sale' at Amazon AU. Some live their investing life by this. The principles are certainly valid and in my opinion still a good read:
The Intelligent Investor: The Definitive Book on Value Investing - Benjamin Graham.
From the product description:
"By far the best book on investing ever written." -- Warren Buffett
"If you read just one book on investing during your lifetime, make it this one" -- Fortune
"The wider Mr. Graham's gospel spreads, the more fairly the market will deal with its public." -- Barron's
Reviews at Goodreads:
https://www.goodreads.com/book/show/106835.The_Intelligent_Investor
Link:
https://www.amazon.com.au/Intelligent-Investor-Benjamin-Graham/dp/0060555661?ref_=Oct_DLandingS_D_6ec85064_28
Quote from: Onemootpoint on Nov 29, 2023, 03:24 AMI noticed this on 'sale' at Amazon AU. Some live their investing life by this. The principles are certainly valid and in my opinion still a good read:
The Intelligent Investor: The Definitive Book on Value Investing - Benjamin Graham.
From the product description:
"By far the best book on investing ever written." -- Warren Buffett
"If you read just one book on investing during your lifetime, make it this one" -- Fortune
"The wider Mr. Graham's gospel spreads, the more fairly the market will deal with its public." -- Barron's
Reviews at Goodreads:
https://www.goodreads.com/book/show/106835.The_Intelligent_Investor
Link:
https://www.amazon.com.au/Intelligent-Investor-Benjamin-Graham/dp/0060555661?ref_=Oct_DLandingS_D_6ec85064_28
Well, I did read it - and it is one of the few books I take after a first read from time to time back into my hand to refer to specific points. Yes, it is an investment classic, and worthwhile reading, though it is not one of the books which are fun to read.
Just a warning - while it is still a great book to help you to define investment strategies, it is not a book for stock pickers - and, it does contain a lot of stuff which is particularly (or exclusively) relevant for the US market (like talking about their pension schemes).
Quote from: BlackPeter on Nov 29, 2023, 11:28 AMWell, I did read it - and it is one of the few books I take after a first read from time to time back into my hand to refer to specific points. Yes, it is an investment classic, and worthwhile reading, though it is not one of the books which are fun to read.
True, and same here. First read it (or attempted to) many many moons ago. Every now and then have referred back to it. I don't follow it entirely (just follow my nose at my own detriment) but do like to refer to the general principles. As you said, not all is valid outside of the US markets. Also some modern ideas and methods may also be preferred by some.
https://livewiremarketsptyltd.cmail19.com/t/j-l-stikljk-ydtteyktj-d/
Charlie Munger's 5 best investment lessons
The Mark Minervini books are great. They build on a lot of other older investment theories as well as his own, so you get a good grounding. Combines both FA and TA practices. Picks up from the greats like Stan Weinstein, William O'Neill, and the original Jesse Livermore. The books written by those last 3 authors are also very good reads.
Quote from: BlackPeter on Nov 29, 2023, 11:28 AMWell, I did read it - and it is one of the few books I take after a first read from time to time back into my hand to refer to specific points. Yes, it is an investment classic, and worthwhile reading, though it is not one of the books which are fun to read.
Just a warning - while it is still a great book to help you to define investment strategies, it is not a book for stock pickers - and, it does contain a lot of stuff which is particularly (or exclusively) relevant for the US market (like talking about their pension schemes).
yes i thought it was interesting given its historical status, bit of a mission to get through, strong US focus and TBH not particularly helpful today. Many other sensible books and blogs around, just need to identify the good ones that speak to you and ignore the over excited spruikers.