THE INTELLIGENT INVESTOR SUMMARY (BY BENJAMIN GRAHAM)

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Top 5 takeaways from The Intelligent Investor: 0:48 1. Meet Mr. Market 2:59 2. How to invest as a defensive investor 5:25 3. How to invest as an enterprising investor 8:10 4. Insist on a margin of safety 9:54 5. Risk and reward are not always correlated - Firstly, the market tends to be overoptimistic and too pessimistic from time to time. Don’t let this influence what you think that the true value of your assets are. Instead, see it as a business opportunity, where you get to deal with a person who has no idea of what he’s doing. - Secondly, the defensive investor should go for a diversified portfolio of stocks and bonds, where the stock-category consists of primarily low-priced issues. - Thirdly, the enterprising investor should also aim for stocks that show lower price tendencies. If he can find a company that is trading below its net working capital, he might have found his El Dorado. -The forth takeaway is that the intelligent investor should insist on a margin of safety when acquiring an asset. - And finally, takeaway number 5 is that risk and reward aren’t necessarily correlated. My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

3:57 -

For stocks

1. Diversify
2. Large companies
3. Conservatively financed 
4. Dividend
5. No earnings deficit
6. Earnings growth
7. Cheap assets

8. cheap earning P/E

Ideas to check
1. Diversify 10-30 companies is enough - no single industry
2. Large companies sales: $700 million
3. Conservatively financed
current ratio of 200%
4. Dividend no missed dividend in the last 20 years!
5. No earnings deficit
- in the last 10 years
6. Earnings growth - at least 2.9% annually for 10 years
7. Cheap assets
market cap < (Assets - liabilities) x 15
8. cheap earning P/E