Understanding The Intelligent Investor by Benjamin Graham

I am collaborating with Joseph Hogue, Chartered Financial Analyst (CFA) on a chapter-by-chapter review and analysis of The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham.

We are reviewing the latest edition of the book that contains a preface by Warren Buffett, billionaire investor and Graham student, and commentary by Jason Zweig, a financial journalist who now writes a column for the Wall Street Journal. This edition covers investment history and Graham’s insights on current events through 1972. Zweig’s commentary is more recent, written from a 2006 vantage point.

My Reaction to How to Retire Early (Book)

Recently, a reader pointed me to How To Retire Early: Your Guide to Getting Rich Slowly and Retiring on Less by Robert and Robin Charlton. She mentioned this book is an example of the type of information that can be helpful to readers as they pursue and achieve financial goals.

According to the book and its charts, the authors accumulated over $900,000 (on a relatively modest combined income of less than $100,000 per year for most of their investing years), retired early at age 43, and began traveling the world. You can see where they’ve been at Where We Be and learn about their investing, frugal living, and retirement journeys.

My Favorite Places to Get Stock Market News

Stock market news can be helpful. But it can also be harmful.

It may be useful for understanding conversations surrounding the stock market. For example, I’ve noticed that positive reports on consumer spending and employment tend to result in day-over-day market gains. Knowing that an increase in my portfolio’s value is due partly to happy investor sentiment and general economic well-being, not necessarily to my genius, can keep me from being overly confident.

But commentary disguised as news can lead me astray. For example, I’ve sold shares at what was touted as a good price only to see the price grow 50% in the subsequent 12 months. In addition, I’ve had to fight the desire to completely cash out after reading doom-and-gloom predictions; my energy should be spent devising strategies and taking firm actions, not fretting about the future.

Still, consuming stock market news has helped me to learn how markets often react to certain types of news in the short term and whether these newsworthy events impact me in the long term. Having these insights has made me a more relaxed investor.

Learn about the information I find useful and my favorite place to get stock market news:

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