Stock Analysis - How to Do Value Investing - Ben Graham Warren Buffett

追加: 2026-05-20

[00:00:00]The best way to learn about Ben Graham is not to hear stories from Warren Buffett or Charlie Munger or from other people that say Ben Graham said this.

[00:00:10]Let's just read Ben Graham and we don't even have to read a lot because I think from my my own readings of Ben Graham and I'm not trying to just contradict what I just said, I think it's pretty simple. So, we're just going to read the first few sentences of a final word from the intelligent investor in Ben Graham.

[00:00:28]Investment is most intelligent when it is most business-like. It is amazing to see how many capable businessmen try to operate in Wall Street with complete disregard of all the sound principles through which they have gained success in their own undertakings. Yet, every corporate security may be best viewed in the first instance as an ownership interest in or a claim against a specific business enterprise. Something I think about