I read Security Analysis, Intelligent Investor, and the Analysis of Financial statements by Graham. If u truly...truly, saw purchasing a stock as owning a little piece of a business, then u would automatically do nearly all the things he recommends in 2,000 pages. It's just that ppl are further away from seeing stocks like that than they can easily realize without the books.
Investors must have a near-impossible sense of self-control to effectively invest in stocks like Benjamin Graham, Warren Buffett, David Dodd, and many other famous investors. It's only getting harder with today's investing environment that puts heavy emphasis on day trading and making small but quick profits without taking into account capital gains taxes and broker fees. Like Buffett said himself that the concept is simple, but the personal traits required to invest effectively are hard to learn or very rare in most people.
@@Baron-nv1ezI agree when it comes to his enterprising principles. However some ideas such as margin of safety are useful to all investors, even if I believe many people should just buy an index fund and bonds instead of selecting their own stocks
I suspect that Graham found peace and control with his life in having his and the finances of others under tight control, it's understandable given that he grew up during The Great Depression. It must have traumatized him to go through the difficulties of poverty.
Buffett found him, he reached out to Graham who initially declined but Buffett continued to send him stocks that he had analysed and eventually accepted.
The Einstein of Money, a biography of Graham, has some good detail on the relationship between Graham and Buffett. There was a real friendship between them, not just a business relationship.
It feels good to see the market in green, but just how long until we actually break even, I’m the average retail trader, DCA-ing, buying and holding on to stocks for eons, but it’s like I’m up 5% today and down 17% the next week, Yes the market is very Darwinian, there’s winners and losers, and it’s looking like I’ve been on a losing streak, while others make huge 6figure gains in the same market. What strategies are these folks using?
So what I do is buy companies that are doing good things, executing on business plans and then short companies that are missing earnings, it’s as simple as that
Has Buffett ever voiced an opinion on crypto currency? I'd love to hear his take on it (which I would presume to be "not with a 40 foot pole!") and what he would think Ben Graham's opijnion of it wuld be (which I guess would be "well, obviously this is a scam.")
