One of the most successful investors in the world, Warren Buffett started reading books about investment since he was 8 years old. But there is one particular book that changed his life i.e. “The Intelligent Investor”.
The book is written by Benjamin Graham, former Columbia Business School Professor. The book is first published in 1949. In the book Graham shared his philosophy that how important the investment is. He further advised about buying stocks when they are undervalued and holding them for a long period time.
“Intelligent investment is more a matter of mental approach than it is of technique,” writes Graham. “A sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.”
About Warren Buffett:-
Warren Edward Buffett is an American investor,philanthropist and business magnate.He was born in 1930 in Omaha, Nebraska. As on February 2017 he is the second wealthiest person in the world with a total net worth of $73.9 billion
Recently, speaking at a Facebook live event broadcast from Columbia University and moderated by Charlie Rose he shared his inspiration
“I knew what everybody thought and all of that at an early age, but what Graham wrote made sense.I just happened to pick up that book up at a bookstore in Lincoln, Nebraska,” he says, noting that he was only age 19 at the time.
Indeed, Buffett, now the chairman and CEO of Berkshire Hathaway, says that what makes him a good investor is his even temperament.
About the book:
The book has been recognized as the greatest investment advisor of 20th century and has taught and inspired people globally. Graham’s Philosophy shields the investors from making substantial errors. Graham taught many principles of investing safely and successfully that modern investors continue to use today.