Skip to Main Content
The Intelligent Investor, Rev. Ed
book

The Intelligent Investor, Rev. Ed

by Benjamin Graham
March 2009
Beginner content levelBeginner
640 pages
16h 2m
English
HarperCollins Publishers
Content preview from The Intelligent Investor, Rev. Ed

This chapter will outline the viewpoints that will be set forth in the remainder of the book. In particular we wish to develop at the outset our concept of appropriate portfolio policy for the individual, nonprofessional investor.

Investment versus Speculation

What do we mean by “investor”? Throughout this book the term will be used in contradistinction to “speculator.” As far back as 1934, in our textbook Security Analysis,1 we attempted a precise formulation of the difference between the two, as follows: “An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Trading Systems and Methods, 6th Edition

Trading Systems and Methods, 6th Edition

Perry J. Kaufman
The Manager's Path

The Manager's Path

Camille Fournier
The Manager's Path

The Manager's Path

Camille Fournier

Publisher Resources

ISBN: 9780061745171Purchase book