The Intelligent Investor - The Definitive Book On Value Investing

bolically in place, some of Lakshmi’s devotees will lash her statue down with strips of fabric or nail its feet to the floor. Fo ...

Even at a robust 10% annual rate of return, it will take more than 43 yearsto break even on this overpriced purchase! THE RISK I ...

Have I calculated how much this investment needs to go up for me to break even after my taxes and costs of trading? Next, look ...

experiment in which an agnostic must gamble on whether or not God exists. The ante this person must put up for the wager is his ...

right, they did nothing to protect themselves against the conse- quences of being wrong. Simply by keeping your holdings permane ...

Postscript We know very well two partners who spent a good part of their lives handling their own and other people’s funds on Wa ...

In fact it did so well that the price of its shares advanced to two hundred times or more the price paid for the half-interest. ...

have the means, the judgment, and the courage to take advantage of them. Of course, we cannot promise a like spectacular experie ...

COMMENTARY ON POSTSCRIPT Successful investing is about managing risk, not avoiding it. At first glance, when you realize that Gr ...

“O brothers,” I said, “who after a hundred thousand perils have reached the west, in this little waking vigil that still remains ...

Appendixes The Superinvestors of Graham-and-Doddsville by Warren E. Buffett EDITOR’S NOTE:This article is an edited transcript ...

least worth examining. Crucial to this examination is the fact that these winners were all well known to me and pre-identified a ...

had engaged in a similar exercise, the results would be much the same—215 egotistical orangutans with 20 straight winning flips. ...

and every family in the United States conveniently consisted of ten members. Further assume that the patriarchal culture was so ...

any interest to them. In fact, most of them would have difficulty defining those terms. The investors simply focus on two variab ...

He has no connections or access to useful information. Practi- cally no one in Wall Street knows him and he is not fed any ideas ...

Table 3 describes the third member of the group who formed Buffett Partnership in 1957. The best thing he did was to quit in Si ...

Browne’s selections have sunk even well below that level in terms of name recognition. On the other hand, Bill has worked with b ...

Table 7 is the record of Stan Perlmeter. Stan was a liberal arts major at the University of Michigan who was a partner in the ad ...

rank number one in the Becker survey of pension funds for their size over the period of time subsequent to this “conversion” to ...