8 takeaways from The Intelligent Investor
Many people feel they are investing but they are often just speculating in the market. The Intelligent Investor by Benjamin Graham helps you understand the difference and build wealth wisely.
Speculating or investing?
"An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return."
What true investing means
"The investor's chief problem - and even his worst enemy - is likely to be himself."
Master your emotions
"The stock market is a voting machine in the short term but a weighing machine in the long term."
Focus on long-term value
"Never mingle your speculative and investment operations.
Keep investing and trading separate
"Always insist on a margin of safety. This simple rule can prevent needless investment losses and build wealth over time."
Prioritise safety in investments
"It requires a great deal of boldness and a great deal of caution to make a great fortune."
Balance boldness and caution
"The essence of investment management is the management of risks, not the management of returns."
Focus on managing risks
"The intelligent investor is a realist who sells to optimists and buys from pessimists."
Seize opportunities with realism
