Summary of Benjamin Graham's Intelligent Investor | The Best Book on Investing
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- Опубліковано 26 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
Thanks!
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!
It took me 7 months to read this, and you read it 7 times. You have my respect Shankar!
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)
2001 wow what was the source of your data for analysis and screening?@@shankarnath
Thoughtful and eventful....
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 👍👍
Glad you found it useful 🙌
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.
Thank you so much for your kind words. This is really encouraging, I truly appreciate it!
I really like how calmly and clearly you explain.
Thanks! Glad you like it
Love the way you explain. Interesting Thumbnails. Always love to watch your video.
Thanks. Glad you like them!
Shankar anna....vankkam Suresh from Thoothukudi Tamilnadu...
Love to you always anna..
Plz make a content with DIAMONDS IN THE DUST BOOK ANNA
Yes please
Thanks for the suggestion
Please..... And let us know a few decent companies as well ☺️
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.
Love your content. Thanks for sharing all your research and experience ❤
You are so welcome! Happy to play a small part in your financial journey
Excellent again
Analogy of Rahul Dravid and Patient investor was good one👌
Glad you liked it Nabeel. Thanks for the appreciation
Day by day you are laddering different stage and levels in learning and teaching all of us... many thanks, keep this going and ups...
Thank you very much
Thank you Shankar, great content.
Most welcome
Loved the test match analogy!
Thank you!
Mr.Shankar you explained this book very nicely and thank you very much for this vid 😊
Most welcome. Glad you found the content informative
I became a serious value investor after reading ch 8 and 20.
Valuable content Mr. Shankar, great going!
Thank you Supreet ji, glad you liked it
Thank you !!
Most welcome 🙌
Just brilliant . thank you shankar dada .
Thank you
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 !!
Glad to hear that! I'm happy you are finding good value (pun intended) from my work
Excellently summarised Sir 🎉
So nice of you. Thanks :)
Good video summary. My favorite inxesting book is Debunkery by Ken Fisher.
Thanks for sharing, I'll check it out!
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.
Thanks for your appreciation and for sharing your views
Excellent explanation Sir!!
Thank you. Glad you liked it
Thanks
Welcome
Thanks Shankar ❤
Most welcome
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.
Glad you liked it. Thank you very much!
Thanks alot sir ji ❤
So nice of you. Most welcome, Shailesh
thank you
Most welcome
Classy, as usual!
Wow, thanks!
Thankyou
You’re welcome 😊
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 😁
Glad it was helpful!
Don't read! Wait for another summary 😀
Good quality content sir. Subscribed. Pls keep up the good work.👍🏽
Thanks!
This is fantastic work. I admire your hardwork and simplicity in videos. Can you please make lessons from joy of compounding
Thank you for your kind words & suggestion. I'll add it to my content queue
Love your content!
Glad to hear it!
Enjoyed the video..thanks
Glad you liked it
You are one of the best you tuber. Thanks for yr efforts. Regards
Thank you so much 😀 .. glad you are finding my content useful and informative!
this is really good, excellent explanation not like others
Glad you liked it!
Thanks for the video sir
Most welcome
Great content.
Thanks!
Excellent content
Glad you enjoyed it
Very nice Analysis
Thank you!
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?
Most welcome, glad you liked it
Awesome
Thanks
👌
Thank you for the summary 🙏. Wondering what would be the building blocks of an enterprise investor.
Most welcome. Enterprising investor investing models can be accessed on my playlist here: ua-cam.com/video/J9rbQDCo-l8/v-deo.html
Thank you for creating meaningful content, Started investing in ETMoney after watching your videos. Subscriber from Day 1 - Thanks
Thank you!
Nice one Shankar
Thanks
Very Quality content channel... I'm glad to subscribe 👌🏻🤝🏻
Keep going
Thanks!
❤
Wonderful video as always from you ⭐️⭐️⭐️Please make a video on content of “ Just Keep Buying “ my fav book
Thx for this suggestion. I'll try
nice initiative. ❤
Thx 🙌
It's been more than five years this book is lying on my bookshelf, after watching this I had satisfaction of reading the book
Time for a re-read then :)
Can you make a video on chit funds
Simple yet effective explanation of the book and the market❤
Glad you liked it
Please make this valuable video in Hindi at least common mango people will understand ❤
Thanks for the suggestion. I'll try
👍
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
Please make a video with Sourav Mukherjee..
I'll try. Thanks for the suggestion
Thank you for sharing. How credible are the Graham screeners available on VR & Screener ?
Most welcome. In my view, it's always good to make oneself, it's not a complicated one
@@shankarnath Yes that was my conclusion too. Thanks again
🙌 :)
Wonderful video Shankar
👍👍👍
Thank you so much 🙌
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..!!!!
Is this recommended for beginners ?
Sir Aapke Thumbnail Laazawab hai
Dhanyawad
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.
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
@@shankarnath Thank you Shankar. I'll definitely go through the video ❤.. Actually these are not only videos but also digital book on investing. ❤🙏🏽
Wonderful listening to you, can you explain by example how you invest using principle of 30% margin of safety please.
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.
@@shankarnath What discount rate or annual interest rate you presume ?
I generally use a hurdle rate of 12%
@@shankarnath Thanks a lot.
Make a video on value investing and behavioural finance by parag parikh
Thx for your suggestion
How can now calculate IV of a stock
Happy Holi 🎉
Happy holi to you too, Jitu ji
I plan to read it after every 2 yrs to understand it better
🙌 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
Happy Holi
Happy holi to you too, Manas
Dear Shankar could you please start Financial advisory or pms for thse have enough knowledge and time.please let us know.
Thanks for the suggestion, Jayasankar. Maybe some day I might .. but am focussed on education/training/research for now.
Namaste Sir...
Es book ko agar aap Hindi m bol de tho mere liye or mere jaise ko bhi kuch accha hoga pls
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
Hello Shankar, any chance you could review The Rees Approach: A Beginner's Guide to Making Money in the Stock Market? Thanks.
Thanks for the suggestion. I'll try
Sir is this the same criteria which you used for screener. 🤔.
No. I don't think I haven't used this Ben Graham formulae before
@@shankarnath sir can u make a screener with this information and please share with us. Similar to Peter Lynch screener
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
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.
Please l want the pdf
Sir I'm beginner in investment journey. Can i go for this book ? Are you would recommend any other book ? Please do suggest
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
@@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
Even venture Capital is also a speculation right
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
Why chapter 20 just after chapter 8 in Intelligent investor?
The book has chapters 9 to 19 aswell. Pls do read
This book is not so easy to understand for a beginner sir... Took me some experience to start understanding
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 :)
@@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
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 :) )
@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?
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
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.
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?
Hindi me milega video
thank u baby
Is he really is your grandfather or its you in makeup ?
Neither. A Snapchat filter named Time Machine
Had some question can I get ur mail id plz
Thanks
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
Thanks
Thank you Nakul for this kind gratuity. Much appreciated!
Thanks
Thank you Rajeev for your kind gratuity. Much appreciated!