The Intelligent Investor

Benjamin Graham's 1949 classic, called "by far the best book on investing ever written" by Warren Buffett, presents value investing strategy targeting undervalued stocks of companies capable of long-term performance. The book defines "intelligent" as patient, disciplined, eager to learn, emotionally controlled, and independent-thinking—"a trait more of the character than of the brain." Graham introduces Mr. Market (personifying stock market irrationality) and "margin of safety," emphasizing that the hallmark is loss minimization over profit maximization, teaching how to protect capital and generate sustainable returns while limiting speculative positions to maximum 10% of investment funds.

7 sections · 25 lessons

Course outline

Core Concepts

  1. Investing vs Speculation
  2. Price vs Value
  3. Margin of Safety
  4. Mr. Market
  5. Core Concepts

Defensive Investing

  1. Defensive Investor
  2. Stock-Bond Allocation
  3. Stock Selection
  4. Diversification
  5. Index vs Active
  6. Defensive Investing

Enterprising Investing

  1. Enterprising Investor
  2. Bargain Issues
  3. Statistical Requirements
  4. Enterprising Investing

Financial Analysis

  1. Financial Statements
  2. Income Statement
  3. Balance Sheet
  4. EPS Analysis
  5. P/E Ratio
  6. Valuation Methods
  7. Financial Analysis

Market Psychology

  1. Market Fluctuations
  2. Investor Temperament
  3. Investment vs Speculation
  4. Market Psychology

Long-Term Success

  1. Inflation Protection
  2. Long-Term Thinking
  3. Investment Framework
  4. Long-Term Success

Advanced Topics

  1. Convertible Securities
  2. Advanced Topics

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