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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

In the old legend the wise men finally boiled down the history of mortal affairs into the single phrase, “This too will pass.”* Confronted with a like challenge to distill the secret of sound investment into three words, we venture the motto, MARGIN OF SAFETY. This is the thread that runs through all the preceding discussion of investment policy—often explicitly, sometimes in a less direct fashion. Let us try now, briefly, to trace that idea in a connected argument.

All experienced investors recognize that the margin-of-safety concept is essential to the choice of sound bonds and preferred stocks. For example, a railroad should have earned its total fixed charges better than ...

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Publisher Resources

ISBN: 9780061745171Purchase book