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#Value Investing

6 articles

Life

Most of Us Are Speculators Pretending Otherwise

Reading Notes · The Intelligent Investor — Part 1

Graham's opening three chapters redefine what 'investment' actually means — and the answer is more demanding than most of us want to hear.

Life

The Investor Who Knows What They Are

Reading Notes · The Intelligent Investor — Part 2

Graham's chapters 4-7 draw a hard line between defensive and aggressive investors — and warn that the dangerous position is thinking you're one when you're really the other.

Life

Mr. Market Is Your Servant, Not Your Master

Reading Notes · The Intelligent Investor — Part 3

On Graham's most powerful parable, why price volatility is opportunity not risk, and what most people get wrong about funds and advisors.

Life

The Number on the Page Is Not What You Think It Is

Reading Notes · The Intelligent Investor — Part 4

Graham's analytical framework for chapters 11–15: why EPS deceives, what seven criteria actually screen for, and how enterprising investors hunt for bargains.

Life

The Architecture of Patient Capital

Reading Notes · The Intelligent Investor — Full Book Synthesis

A full-book synthesis of Graham's Intelligent Investor — what the three pillars of his philosophy mean together, and what ordinary investors should actually do with them.

Life

Margin of Safety Is Not a Number

Reading Notes · The Intelligent Investor — Part 5

Graham's final chapters on convertibles, cautionary cases, and the investment philosophy that outlives every bull market.