85% of Warren Buffett's investment style, he says, comes from the principles in this book. (via Grow_mag)
also is closely followed today. Here's what Buffett says he learned from Graham's widely acclaimed book, which you can apply to your own investment strategy, too.Buffett bought Graham's book in 1949, before the two investing legends actually met. "My financial life changed with that purchase," Buffett wrote into Berkshire Hathaway shareholders. "Ben's ideas were explained logically in elegant, easy-to-understand prose.
One of Graham's most accessible lessons is finding investments that are selling well below fair market value, and this strategy of "buying low" is key to hisphilosophy. Graham teaches readers how to look for stocks that are essentially on sale. Buffett had a revelation when reading chapter eight of Graham's book, which addresses how investors should view fluctuations in stock prices. "Immediately, the scales fell from my eyes, and low prices became my friend. Picking up that book was one of the luckiest moments in my life," heIn his 2013 letter to shareholders, Buffett gave an example of how he employed Graham's strategy, which paid off.
Share prices have fallen, which is not always a reflection of a company's value, but a result of investor anxiety surrounding the unknown economic impacts of the Covid-19 pandemic, among other factors. Investors can come out ahead if they think of these events as opportunities not to panic sell but to invest more while stocks are essentially on sale.
Immediately, the scales fell from my eyes, and low prices became my friend. Picking up that book was one of the luckiest moments in my life."The sillier the market's behavior, the greater the opportunity for the business-like investor.
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