The last time graham touched the book was in the 70s(?). Everyone espouses that the principles still apply today, but the analysis is about events that happened decades ago in a totally different environment, so it's boring. I also wonder how much of the information is outdated.
I do have the newest edition with modern commentary in between chapters. And I feel like I understand the commentary 10x more than the actual book, probably because reddit is right and the book isn't written for the general public.
ITT: t.poorfag Guess how many people wish they started earlier? or had more time? Time is the most valuable commodity, The rich don't buy private jets for shits n giggles they do it because their time is worth more. The earlier you start the easier it gets.
>>1071479 >Everyone espouses that the principles still apply today, Graham doesn't.
> am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding activity, say, 40 years ago, when our textbook "Graham and Dodd" was first published; but the situation has changed a great deal since then. In the old days any well-trained security analyst could do a good professional job of selecting undervalued issues through detailed studies; but in the light of the enormous amount of research now being carried on, I doubt whether in most cases such extensive efforts will generate sufficiently superior selections to justify their cost. To that very limited extent I'm on the side of the "efficient market" school of thought now generally accepted by the professors.
He said that in the 70s. Now it's even harder.
OP, don't bother with The Intelligent Investor. It's always easy to spot the uber casuals on /biz/ because they recommend The Intelligent Investor. Obviously all they did was google "good investment books" without doing any further reading and research.
>>1072695 Nah, picking stocks is literally a loser's games. There is empirical evidence to back this up. But index fund investing has been shown to produce positive returns. It's the best thing to do really.
>Nah, picking stocks is literally a loser's games. >index fund investing has been shown to produce positive returns
Where's the diversification, then?
I'm only starting to think about investing, watching some classes etc, so any information is valuable. I understand the general concept of diversification, but am not sure how to apply it with regards to things like index funds.
So, basically, the index covers the top 500 companies, and if I want, I can buy some additional stock of any companies I choose. That would still be pretty safe as long as enough is in the index fund and I don't make absolutely retarded choices.
I also may have enough money to get into real-estate locally (I'm in Eastern Europe).
If I really wanna run wild with it, I suppose a small amount could go into high-risk gamblish nonsense.
With honors motherfucker. But more to the point, am I reading pic related right? Does it say that all these index funds gave only around 2% returns over the last year? I was under the impression that it would be between 5% and 10%.
>>1072748 Index Funds are diversified. Look up the three fund portfolio. It's 3 total market funds. You end up owning thousands of securities over multiple asset classes in multiple regions for very cheap.
>total domestic stocks >total foreign stocks >total domestic bonds It's ideal for the newbies.
WOW those faggots definitely sound like they went to business school jesus christ >u should spend freshmen year being retarded, drunk, and fucking around breeeh >intelligent investor is as hard to understand as quantum mechanics, it definitely isn't as basic as it gets >im a fat balding middle aged nobody and i have to compensate and show off on the internet
>>1071457 The guy in the reddit thread is clearly exaggerating their own job and responsibilities as redditors do. They are correct that knowing accounting is important before doing fundamental analysis.
>>1071457 Wow these guys are D bags. If I listened to all those faggots who told me I couldn't do research or do this or that while I was "just an undergrad" or "just a freshman" I would have gotten no where.
>>1075114 Yeah even still that advice is bad in general. People are like sheep, if you tell them they can't do something then they will likely just give up. If you instead answer neutrally or with some form of guidance then they are much more likely to succeed at whatever goal they have.
As much as I hate those "your powers are limitless if you believe" motivational bullshit quotes, they are correct. People are capable of much more than they think.
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