This is a classic book on investing, by the man who taught Warren Buffett. Originally, it was written 50 years ago, and it is still relevant. The same lessons applied to specific industries and companies at the time of the writing have obvious parallels to different industries and companies today.
There are some radical ideas, despite it's age, that fly in the face of "conventional wisdom". The most important example is how much risk you should have in your investments: The "risk" you take on, in terms of volatility and uncertainty, should not depend on how close you are to retirement, but rather how much time you can spend on researching your investments.
This book teaches some basics about the behavior of the market and it teaches you to be very careful. It has some keys to determining the value of stocks and to buy stocks with a margin of safety relative to other stocks.
If already you are an investor who needs more insights on investing or an aspiring investor, this book is recommended for you.
Some of the contents are:
- Investment versus speculation
- The investor and inflation
- The investor and market flutuations
- Investing in investment funds etc.
