What will you learn?
- • Understand the difference between speculation and investment
- • Understand the impact of inflation on your investments
- • Learn to have a safety margin
Who wrote the book?
Benjamin Graham was an influential American economist. He is considered the forerunner of the stock buy-and-hold strategy adopted by his billionaire follower Warren Buffett. The focus of this strategy is to buy stocks of solid companies with good prospects of cash generation and keep them in the portfolio of investments for a long period, to maximize profits, eliminating excessive transaction costs and income tax. That is why the name buy and hold, meaning "buy and hold" (literal translation). Graham's known disciples include Jean-Marie Eveillard, Warren Buffett, William J. Ruane, Irving Kahn, Walter J. Schloss, among others. Graham, who was of Jewish descent, and whose original surname was Grossbaum, was bor... (Read more)