In “Chapter 4: General Portfolio Policy: The Defensive Investor” of The Intelligent Investor, Benjamin Graham introduces the concept of a portfolio policy, which is a general guide for making investment decisions.
Category: Behavioral Aspects of Finance
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.
Making the rounds in my social media sphere this week is The Secret Shame of Middle-Class Americans, an article by Neal Gabler published in The Atlantic. The provocative subtitle reveals the shameful secret: “Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.” The nearly penniless (or … Continued