In this episode of Compounding Interest we examine Benjamin Graham’s "The Intelligent Investor", the definitive text on value investing. Graham provides a sound intellectual framework for long-term success, asserting that a high IQ is less important than the emotional discipline required to make rational decisions. This review explores the fundamental distinction between investment and speculation, defining a true investment as an operation that promises safety of principal and a satisfactory return through thorough analysis.
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This episode includes AI-generated content.
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