Summary of Benjamin Graham's Intelligent Investor | The Best Book on Investing

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  • Опубліковано 19 чер 2024
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    The Intelligent Investor by Benjamin Graham retains the title of being the best investment book for beginners and advanced readers alike. First published in 1949, this investment book became an instant hit as it offered practical guidance and advice to investors on how they can minimize investing losses, maximize the chance of substantial profits in the stock markets and control one's self-defeating behaviour. In this video, we shall learn about Mr. Market, margin of safety and many such concepts which have made Benjamin Graham's Intelligent Investor a most sought after book.
    👉 Video Chapters:
    00:00 Intelligent Investor by Benjamin Graham
    01:47 1. Investment and Speculation
    02:34 2. Inflation
    03:38 3. Defensive Investor
    05:40 4. Enterprising Investor
    07:46 5. Mr. Market
    10:15 6. Margin of Safety
    11:49 7. Risk and Reward
    13:58 Shankar's Viewpoint
    👉 Useful resources & readings
    ‣ The Intelligent Investor by Benjamin Graham (book link) : amzn.to/3KG9Uop
    ‣ The Interpretation of Financial Statements by Benjamin Graham (book link) : amzn.to/3IYVkHz
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    Disclaimer: I am not a SEBI registered investment advisor or research analyst. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented

КОМЕНТАРІ • 179

  • @tsenthilnathan5156
    @tsenthilnathan5156 Рік тому +11

    Thanks!

    • @shankarnath
      @shankarnath  Рік тому +2

      Thank you very much Mr. Senthilnathan for this kind gratuity. I am glad you found this summary useful and I'll be happier when you use the same in your investing approach. Please do watch some other videos/playlist on my channel and do post your feedback in the comments. Thanks again!

  • @somendrasarkar1653
    @somendrasarkar1653 Рік тому +21

    It took me 7 months to read this, and you read it 7 times. You have my respect Shankar!

    • @shankarnath
      @shankarnath  Рік тому +4

      Thank you sir 🙌 (It's 7 times in 22 years; it was compulsory reading in Prof. Bakshi's Business Valuation & Security Analysis course .. way back in 2001)

    • @vishwanathnb128
      @vishwanathnb128 2 місяці тому

      2001 wow what was the source of your data for analysis and screening?​@@shankarnath

  • @senthilkumars6212
    @senthilkumars6212 Рік тому +3

    Thoughtful and eventful....

  • @wisdomhatchwithsuresh
    @wisdomhatchwithsuresh Рік тому +23

    Plz make a content with DIAMONDS IN THE DUST BOOK ANNA

    • @ramyasri6093
      @ramyasri6093 Рік тому +2

      Yes please

    • @shankarnath
      @shankarnath  Рік тому +2

      Thanks for the suggestion

    • @shailesh6355
      @shailesh6355 Рік тому +1

      Please..... And let us know a few decent companies as well ☺️

    • @Nithink_Tank
      @Nithink_Tank Рік тому +2

      I am an avid reader, my reading spectrum span from Plato's Republic to computational theory of mind, and a lot in between. I am also trading in the equity market since 2006. With that said Dimonds in the Dust is probably the worst book I've ever purchased. Definitely the worst I've read in the last 5 years.

  • @vilasdesai167
    @vilasdesai167 Рік тому +2

    Love the way you explain. Interesting Thumbnails. Always love to watch your video.

  • @wisdomhatchwithsuresh
    @wisdomhatchwithsuresh Рік тому +1

    Shankar anna....vankkam Suresh from Thoothukudi Tamilnadu...
    Love to you always anna..

  • @nabeelyahiya
    @nabeelyahiya Рік тому +2

    Excellent again
    Analogy of Rahul Dravid and Patient investor was good one👌

    • @shankarnath
      @shankarnath  Рік тому

      Glad you liked it Nabeel. Thanks for the appreciation

  • @lakshminarasimhanpb506
    @lakshminarasimhanpb506 Рік тому +1

    Love your content. Thanks for sharing all your research and experience ❤

    • @shankarnath
      @shankarnath  Рік тому

      You are so welcome! Happy to play a small part in your financial journey

  • @dsaha7700
    @dsaha7700 Рік тому +1

    Day by day you are laddering different stage and levels in learning and teaching all of us... many thanks, keep this going and ups...

  • @unwantedsniping9372
    @unwantedsniping9372 Рік тому +1

    Mr.Shankar you explained this book very nicely and thank you very much for this vid 😊

    • @shankarnath
      @shankarnath  Рік тому

      Most welcome. Glad you found the content informative

  • @evenessa
    @evenessa Рік тому +2

    I really like how calmly and clearly you explain.

  • @ashwinnair4816
    @ashwinnair4816 Рік тому +1

    Thank you Shankar, great content.

  • @mrinaldo
    @mrinaldo 11 місяців тому +2

    Loved the test match analogy!

  • @supreetsachdeva
    @supreetsachdeva Рік тому +2

    Valuable content Mr. Shankar, great going!

    • @shankarnath
      @shankarnath  Рік тому

      Thank you Supreet ji, glad you liked it

  • @baskarchockalingam2421
    @baskarchockalingam2421 Рік тому +8

    I ve been investing in mf since 2018 n started learning direct eqiities for the past 2 yrs n feel bad as I could nt read this book
    Today I thank you for the summary u narrated in your style that's awesome 👍👍

  • @kk4htc
    @kk4htc Рік тому +6

    You are one of best when it comes to equity and financial wisdom. Your process and wisdom is hard to find these days. Kudos for your efforts.

    • @shankarnath
      @shankarnath  Рік тому

      Thank you so much for your kind words. This is really encouraging, I truly appreciate it!

  • @hemanthshankarappa7550
    @hemanthshankarappa7550 Рік тому +3

    Great video, simple yet impactful which is free from all the bells and whistles that other influencers use like flash images, music etc. In addition to patience, discipline, and eagerness to learn I believe an investor in individual stock also needs the heart and stomach to digest the gyrations in the stock price. An individual stock's price can from 0-100 and vice-versa in a matter of days or hours in some cases whereas a broader index fund is much less volatile.

    • @shankarnath
      @shankarnath  Рік тому

      Thanks for your appreciation and for sharing your views

  • @samreenniaz9418
    @samreenniaz9418 2 місяці тому

    Thanks

  • @rafaelg.9962
    @rafaelg.9962 Рік тому +1

    Thank you !!

  • @Pramodh0931
    @Pramodh0931 Рік тому +3

    Hey Shankar! I like your clarity in explanation ever since with ET money.
    This new channel s video editing team are top notch. Keep it up.

    • @shankarnath
      @shankarnath  Рік тому

      Glad you liked it. Thank you very much!

  • @gmilind
    @gmilind Рік тому

    Just brilliant . thank you shankar dada .

  • @akhaleefa
    @akhaleefa 10 місяців тому +1

    You are one of the best you tuber. Thanks for yr efforts. Regards

    • @shankarnath
      @shankarnath  10 місяців тому

      Thank you so much 😀 .. glad you are finding my content useful and informative!

  • @drsrreddy8699
    @drsrreddy8699 Рік тому +1

    Excellently summarised Sir 🎉

  • @dannyg3400
    @dannyg3400 Місяць тому

    Thankyou

  • @sudharsansathiamoorthy1075
    @sudharsansathiamoorthy1075 Рік тому +1

    Excellent explanation Sir!!

  • @shailesh6355
    @shailesh6355 Рік тому +1

    Thanks alot sir ji ❤

    • @shankarnath
      @shankarnath  Рік тому +1

      So nice of you. Most welcome, Shailesh

  • @srinivasansukumaran2479
    @srinivasansukumaran2479 8 місяців тому +1

    We usually play most UA-cam videos at 1.25x or 1.5x playback speed. But your videos I listen at 0.7x speed due to the dense content packed in a nutshell !!

    • @shankarnath
      @shankarnath  8 місяців тому

      Glad to hear that! I'm happy you are finding good value (pun intended) from my work

  • @vthvtyhvvyhththv3724
    @vthvtyhvvyhththv3724 10 місяців тому +1

    this is really good, excellent explanation not like others

  • @heyjude6584
    @heyjude6584 5 місяців тому

    I became a serious value investor after reading ch 8 and 20.

  • @sachin_2601
    @sachin_2601 Рік тому +5

    Thanks to you, I atleast know the summary of this book. This book is in my cupboard from long time and I still haven't read it 😁

  • @krishnakumarsubramaniam5312
    @krishnakumarsubramaniam5312 Рік тому +1

    Great Video. I am under the impression that you are secretly reading my mind and creating Video for my doubts on the investment part :) Thanks a lot for this Video. I don't know how I missed about this book?

  • @shubhambohra4874
    @shubhambohra4874 Рік тому +1

    This is fantastic work. I admire your hardwork and simplicity in videos. Can you please make lessons from joy of compounding

    • @shankarnath
      @shankarnath  Рік тому

      Thank you for your kind words & suggestion. I'll add it to my content queue

  • @Samyak99
    @Samyak99 Рік тому +1

    thank you

  • @karthikeyanv463
    @karthikeyanv463 Рік тому

    Thanks Shankar ❤

  • @nkulkarni1372
    @nkulkarni1372 Рік тому +1

    Thank you for creating meaningful content, Started investing in ETMoney after watching your videos. Subscriber from Day 1 - Thanks

  • @DrNikkhil
    @DrNikkhil Рік тому +1

    Classy, as usual!

  • @Nieljuliet
    @Nieljuliet Рік тому +1

    Good quality content sir. Subscribed. Pls keep up the good work.👍🏽

  • @ankitgoyal34
    @ankitgoyal34 Рік тому +1

    Love your content!

  • @MarketAajtaak
    @MarketAajtaak 6 місяців тому +1

    Very nice Analysis

  • @raviarya6341
    @raviarya6341 Рік тому +1

    Enjoyed the video..thanks

  • @youtuber-sl2xe
    @youtuber-sl2xe 10 місяців тому +1

    👌

  • @githinsmohan2429
    @githinsmohan2429 Рік тому

    Thanks for the video sir

  • @ganesanls8723
    @ganesanls8723 9 місяців тому

    Awesome

  • @vineetarainakaul
    @vineetarainakaul Рік тому

    Excellent content

  • @mdadnan009
    @mdadnan009 Рік тому

    Great content.

  • @vnd4617
    @vnd4617 Рік тому +1

    Thank you for the summary 🙏. Wondering what would be the building blocks of an enterprise investor.

    • @shankarnath
      @shankarnath  Рік тому +1

      Most welcome. Enterprising investor investing models can be accessed on my playlist here: ua-cam.com/video/J9rbQDCo-l8/v-deo.html

  • @manikumar7231
    @manikumar7231 Рік тому

    Very Quality content channel... I'm glad to subscribe 👌🏻🤝🏻
    Keep going

  • @vs5948
    @vs5948 Рік тому +1

    Wonderful video as always from you ⭐️⭐️⭐️Please make a video on content of “ Just Keep Buying “ my fav book

  • @sumitaggarwal7568
    @sumitaggarwal7568 Рік тому +1

    Simple yet effective explanation of the book and the market❤

  • @saiprasad5312
    @saiprasad5312 Рік тому +2

    Sir,request a video on this topic. Is it really possible for a working individual to invest on own and still beat Mf fund returns(avg of all fund houses) which is managed by professionals with good eduational background and high paid salaries?
    Its a humble request from my side and could not ask anyone

  • @deepeshkumar100
    @deepeshkumar100 Рік тому +1

    Nice one Shankar

  • @shaikakber4717
    @shaikakber4717 Рік тому +1

  • @krishnac2300
    @krishnac2300 Рік тому

    nice initiative. ❤

  • @nandakumarrao5667
    @nandakumarrao5667 Рік тому +1

    Can you make a video on chit funds

  • @renganathans894
    @renganathans894 Місяць тому

    Is this recommended for beginners ?

  • @rudraroychowdhury9966
    @rudraroychowdhury9966 Рік тому

    Thanks man for slowly and steadily educating me and us. I'm indebted to you. 🙏🏽❤. .
    I've a question. What is/are the basic differences between banking and finance industry/sector? The reason I'm asking is that I've invested in Indian Railways Finance Corporation because of it's monopoly business model (as of now). But now, I'm bit confused about it's future growth scope. Is it possible for you to cover finance & insurance sector in your upcoming sector analysis videos? I know, I'm asking too much.

    • @shankarnath
      @shankarnath  Рік тому +1

      Most welcome. I have already covered the life insurance sector in a previous video (playlist link: ua-cam.com/video/V28LpTApAww/v-deo.html). I'll be adding more to this playlist from time to time

    • @rudraroychowdhury9966
      @rudraroychowdhury9966 Рік тому

      ​@@shankarnath Thank you Shankar. I'll definitely go through the video ❤.. Actually these are not only videos but also digital book on investing. ❤🙏🏽

  • @FinExTraining
    @FinExTraining Рік тому

    👍

  • @vinod6380
    @vinod6380 Рік тому +2

    Please make a video with Sourav Mukherjee..

    • @shankarnath
      @shankarnath  Рік тому +1

      I'll try. Thanks for the suggestion

  • @peaushvishnoi3959
    @peaushvishnoi3959 11 місяців тому +1

    Wonderful video Shankar
    👍👍👍

    • @shankarnath
      @shankarnath  11 місяців тому

      Thank you so much 🙌

    • @CletaRancifer
      @CletaRancifer 6 місяців тому

      I was pleasantly surprised to find that you're familiar with her as well. I've had the privilege of working closely with Jenny Pamogas Canaya over the past few months, and she has not only helped me earn substantial profits but has also been an exceptional mentor and trader. Her ability to navigate various market situations is truly remarkable, and I couldn't be more satisfied with our collaboration..!!!!

  • @axt6760
    @axt6760 Рік тому +1

    Thank you for sharing. How credible are the Graham screeners available on VR & Screener ?

    • @shankarnath
      @shankarnath  Рік тому

      Most welcome. In my view, it's always good to make oneself, it's not a complicated one

    • @axt6760
      @axt6760 Рік тому

      @@shankarnath Yes that was my conclusion too. Thanks again

    • @shankarnath
      @shankarnath  Рік тому

      🙌 :)

  • @ramanasharanam
    @ramanasharanam Рік тому +1

    Wonderful listening to you, can you explain by example how you invest using principle of 30% margin of safety please.

    • @shankarnath
      @shankarnath  Рік тому +1

      Thank you. For example - if I use the DCF (discounted cash flow) method for calculating the intrinsic value of a single share in a company. Then a 30% margin of safety means the current market price should be 30% below that intrinsic value I calculated.

    • @ramanasharanam
      @ramanasharanam Рік тому

      @@shankarnath What discount rate or annual interest rate you presume ?

    • @shankarnath
      @shankarnath  Рік тому +1

      I generally use a hurdle rate of 12%

    • @ramanasharanam
      @ramanasharanam Рік тому

      @@shankarnath Thanks a lot.

  • @rsanjay87
    @rsanjay87 Рік тому

    It's been more than five years this book is lying on my bookshelf, after watching this I had satisfaction of reading the book

  • @das.abhisek
    @das.abhisek 6 місяців тому

    Please make this valuable video in Hindi at least common mango people will understand ❤

    • @shankarnath
      @shankarnath  6 місяців тому

      Thanks for the suggestion. I'll try

  • @epicenteryt
    @epicenteryt Рік тому

    Make a video on value investing and behavioural finance by parag parikh

  • @jayeshkotadiya3387
    @jayeshkotadiya3387 Рік тому +1

    Sir Aapke Thumbnail Laazawab hai

  • @jayam108
    @jayam108 Рік тому +1

    Dear Shankar could you please start Financial advisory or pms for thse have enough knowledge and time.please let us know.

    • @shankarnath
      @shankarnath  Рік тому

      Thanks for the suggestion, Jayasankar. Maybe some day I might .. but am focussed on education/training/research for now.

  • @ZaliaZ
    @ZaliaZ 8 місяців тому

    Hello Shankar, any chance you could review The Rees Approach: A Beginner's Guide to Making Money in the Stock Market? Thanks.

    • @shankarnath
      @shankarnath  8 місяців тому

      Thanks for the suggestion. I'll try

  • @anudevmadhu902
    @anudevmadhu902 10 місяців тому

    How can now calculate IV of a stock

  • @imjituchauhan
    @imjituchauhan Рік тому +1

    Happy Holi 🎉

  • @arnabbhattacharya6579
    @arnabbhattacharya6579 Рік тому +1

    I plan to read it after every 2 yrs to understand it better

    • @shankarnath
      @shankarnath  Рік тому +1

      🙌 I'll be releasing a book review this coming Saturday. It's "How to Make Money in Stocks" by William O'Neil .. which I think is a brilliant books for all serious investors to read. Yes, it's the book which also has the CANSLIM system plus there is a lot more stuff in it. I shall be putting forth the top three and most powerful messages in that book in the video

  • @manasbarik1110
    @manasbarik1110 Рік тому +1

    Happy Holi

  • @explorernikhilsetty
    @explorernikhilsetty Рік тому

    Sir if we r investing in foreign funds
    Through indian mutual funds like ex
    Edelweiss invests in JPMorgan schemes
    Dsp in black Rock so on. So in any case this International amc's if they go brankrupt
    Whether indian fund house will give guarantee to our money . What's sebi view on this

    • @shankarnath
      @shankarnath  Рік тому +1

      Every mutual fund schemes carries a line "Mutual funds are subject to market risk. Please read all scheme related documents carefully". This "market risk" includes bankruptcy aswell incl. domestics and international companies.

  • @allrounder_12348
    @allrounder_12348 5 місяців тому +1

    Namaste Sir...
    Es book ko agar aap Hindi m bol de tho mere liye or mere jaise ko bhi kuch accha hoga pls

    • @shankarnath
      @shankarnath  5 місяців тому

      Namaste. Iss channel pe to Hindi nahi bol sakta kyonki kayi mahino se isme English content aa raha hai. Hindi me spashtikaran ke liye to alag channel kholna padega

  • @murali_16
    @murali_16 Рік тому

    Sir I'm beginner in investment journey. Can i go for this book ? Are you would recommend any other book ? Please do suggest

    • @shankarnath
      @shankarnath  Рік тому +1

      Hello Murali: Pls read these three books
      1. The Intelligent Investor by Benjamin Graham
      2. The Psychology of Money by Morgan Housel
      3. One Up On Wall Street by Peter Lynch

    • @murali_16
      @murali_16 Рік тому

      @@shankarnath can i start with one up on wall street ??? I saw this video fully (intelligent investor) these information looks very new and little tough to grasp

  • @harikrishnanjavahar6718
    @harikrishnanjavahar6718 Рік тому

    Sir is this the same criteria which you used for screener. 🤔.

    • @shankarnath
      @shankarnath  Рік тому

      No. I don't think I haven't used this Ben Graham formulae before

    • @harikrishnanjavahar6718
      @harikrishnanjavahar6718 Рік тому

      @@shankarnath sir can u make a screener with this information and please share with us. Similar to Peter Lynch screener

  • @majidahamed3656
    @majidahamed3656 Рік тому

    Even venture Capital is also a speculation right

    • @shankarnath
      @shankarnath  Рік тому +1

      It's a good enquiry. In my view, I won't outright put venture capital as speculation. And that's because one can probabilistically evaluate potential returns, risk, future earnings, product demand, scalability etc. better than some other products. If spread over multiple projects, VC becomes less risky although uncertainty remains. I feel, a risky/uncertain investment doesn't translate to speculation every single time

  • @ramyasri6093
    @ramyasri6093 Рік тому +1

    This book is not so easy to understand for a beginner sir... Took me some experience to start understanding

    • @shankarnath
      @shankarnath  Рік тому

      It gets a lot easier when one reads it the second time. Actually, I find it true for most books except "Security Analysis" by Ben Graham which should be read thrice :)

    • @ramyasri6093
      @ramyasri6093 Рік тому

      @@shankarnath well said sir. When i read it second time . I could make better sense. But dint complete it though. As for security analysis i think i require to gain more knowledge before starting it

  • @stephenamegatse5363
    @stephenamegatse5363 Рік тому

    Please l want the pdf

  • @user-xh9uj1tf3l
    @user-xh9uj1tf3l 3 місяці тому

    Why chapter 20 just after chapter 8 in Intelligent investor?

    • @shankarnath
      @shankarnath  3 місяці тому

      The book has chapters 9 to 19 aswell. Pls do read

  • @MGDelberg23
    @MGDelberg23 Місяць тому

    Very well summarized, however I would recommend everyone with some experience with any form of investing to read this book and reflect his approach. ( if you can’t sleep at night it helps :) )

  • @arifhussain94
    @arifhussain94 Рік тому

    @shankarnath Can you please make a video on how the share price moves with simple examples?
    What drives the share price& how bulk of block deals are placed?

    • @shankarnath
      @shankarnath  Рік тому

      Honestly, I don't have much idea on why the share price moves every hour of the day. Infact this was the central theme of the Intelligent Investor's summary video I shared last week. Actually, I find it easier to 1) first understand how likely will earnings move and 2) then extrapolate it to share price movement as a derivative of valuations
      But to help out with your question, I recall I had done an interesting video on the ET Money channel which was aptly titled "Bhav Bhagwan Che". Maybe that helps, please have a look. Link: ua-cam.com/video/XtvzWTsSOmU/v-deo.html

  • @manojkumarhn
    @manojkumarhn Рік тому

    Sir please give me clarity on high pe ratio and low peg ratio company. For example ultratech cement has around 45 has pe ratio and -1.5 has peg ratio. How to analyze this stock. How valve investing concept applied.

    • @shankarnath
      @shankarnath  Рік тому

      Hello. PEG ratio is PE ratio divided by the earning growth rate. So if the EPS growth rate is negative while PE ratio is positive, then the PEG ratio is negative. Where (source) did you get this -1.5 PEG ratio for Ultratech cement?

  • @mazharsoufi5270
    @mazharsoufi5270 25 днів тому

    thank u baby

  • @kalukumawat4496
    @kalukumawat4496 Рік тому

    Hindi me milega video

  • @Theteacher1986
    @Theteacher1986 Рік тому

    Is he really is your grandfather or its you in makeup ?

    • @shankarnath
      @shankarnath  Рік тому

      Neither. A Snapchat filter named Time Machine

  • @salonisingh3953
    @salonisingh3953 Рік тому +1

    Had some question can I get ur mail id plz

  • @nakulkhanna9414
    @nakulkhanna9414 Рік тому +1

    Thanks

    • @shankarnath
      @shankarnath  Рік тому

      Thank you Nakul for this kind gratuity. Much appreciated!

  • @kattarajeevkanth
    @kattarajeevkanth Рік тому +1

    Thanks

    • @shankarnath
      @shankarnath  Рік тому

      Thank you Rajeev for your kind gratuity. Much appreciated!

  • @anirka08
    @anirka08 Рік тому +1

    Thanks

    • @shankarnath
      @shankarnath  Рік тому

      Thank you Anirudh for this wonderful gesture. Happy to know you are finding my videos useful & I'm glad to be playing a small part in your financial journey