Intelligent Investor by Darrell GRIFFITH https://padlet.com/dgriffith11/5molxoc1fb2z Made with no regrets, whatsoever en-us 2017-09-19 19:22:56 UTC 2017-12-18 15:30:50 UTC hello@padlet.com 2 Kinds of investors dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192471462 2017-09-29 14:27:27 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192471462 Agressive investor dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192977068 1: Those who take big risks and make big money ]]> 2017-10-02 13:21:56 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192977068 Defensive investor dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192977286 2 Those who invest small amounts and wait longer periods of time ]]> 2017-10-02 13:22:15 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192977286 Benjamin Graham dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192983860 2017-10-02 13:33:12 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192983860 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192984846 -One of the best investors who ever lived 

- After his father died in 1903  his family slipped into poverty 

- Got a scholarship at Colombia and graduated in 1914 

Graham thrived in the 1929-1939 Depression of and Was very successful after ]]> 2017-10-02 13:34:38 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/192984846 Money dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194318168 Money can double in a short period of time ]]> 2017-10-05 14:05:33 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194318168 Intro and Chapter 1 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194319215 2017-10-05 14:07:24 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194319215 Chapter 2 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194320185 2017-10-05 14:08:52 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194320185 Inflation dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194321076 2017-10-05 14:10:06 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194321076 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194322632 Inflation increases the cost of borrowing money ]]> 2017-10-05 14:12:30 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194322632 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194323280 hard to predict the future of inflation ]]> 2017-10-05 14:13:27 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194323280 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194328575 Raising the prices allows the government to pay off its debts with money that has lost its value due to inflation ]]> 2017-10-05 14:21:28 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194328575 Chapter 3 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194335851 2017-10-05 14:34:05 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/194335851 Chapter 4 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380245 2017-10-12 12:35:41 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380245 Chapter 5 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380394 2017-10-12 12:36:02 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380394 Chapter 6 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380513 2017-10-12 12:36:15 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380513 Chapter 7 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380676 2017-10-12 12:36:30 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196380676 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196381008 No borrowing to buy or hold securities.]]> 2017-10-12 12:37:11 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196381008 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196381165 No increase in the proportion of funds held in common stocks.]]> 2017-10-12 12:37:31 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196381165 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196381342 A reduction in common-stock holdings where needed to bring it down to a maximum of 50 per cent of the total portfolio. The capital-gains tax must be paid with as good grace as possible, and the proceeds invested in first-quality bonds or held as a savings deposit.


]]> 2017-10-12 12:37:54 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196381342 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196383156 There are intrinsic benefits to common-stock ownership, relative to alternative asset classes such as bonds. However, these benefits can be sacrificed if the buyer pays too much for her shares.

]]> 2017-10-12 12:41:23 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196383156 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196384542 Investors’ styles should differ depending on their life situation.]]> 2017-10-12 12:44:10 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196384542 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196384759 Dollar-cost averaging can help defray the risk of overpaying for shares.]]> 2017-10-12 12:44:33 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196384759 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196385883 Inflation makes bonds undesirable ]]> 2017-10-12 12:46:42 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196385883 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196386801 More risk does not necessarily imply more reward]]> 2017-10-12 12:48:23 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196386801 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196387100 Defensive investors should divide their funds between high-grade bonds and high-grade common stocks.]]> 2017-10-12 12:48:54 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196387100 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196387576 2017-10-12 12:49:43 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196387576 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196387683 Value investing is not concerned with timing the market]]> 2017-10-12 12:49:55 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/196387683 Chapter 8 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006627 2017-10-31 04:36:25 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006627 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006668 Buy stocks low Sell stocks high ]]> 2017-10-31 04:36:52 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006668 Chapter 9 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006707 2017-10-31 04:37:23 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006707 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006732
  • There are a wide variety of investment funds, each with unique advantages and disadvantages.
  • Open funds, are a type of investment fund whereby the fund manager can create new shares to sell to investors.


    • ]]>     2017-10-31 04:37:50 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006732     Chapter 10 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006761 2017-10-31 04:38:08 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006761 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006796 2017-10-31 04:38:27 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006796 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006989 2017-10-31 04:42:00 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202006989 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202007029 low-grade bonds, foreign-government bonds and IPOs should be ignored ]]> 2017-10-31 04:42:37 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202007029 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202007138 The Agressive investor should start at the same base as the defensive investor ]]> 2017-10-31 04:44:05 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202007138 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202007295 Foreign bonds have had a bad investment history since 1914]]> 2017-10-31 04:45:41 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202007295 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202149859 Never invest into security bonds ]]> 2017-10-31 14:18:51 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202149859 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202150352 The value of a buisness can be misevaluated because of disappointing results and protracted neglect or unpopularity]]> 2017-10-31 14:19:37 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202150352 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202151410 A company is only worth what someone will pay for it ]]> 2017-10-31 14:21:20 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202151410 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202154051 Do not try to time the market. Instead, focus on acquiring high-quality securities at reasonable prices]]> 2017-10-31 14:25:25 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202154051 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202154331 2017-10-31 14:25:46 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202154331 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202155596 2017-10-31 14:27:42 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/202155596 Chapter 11 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801477 2017-12-17 19:59:47 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801477 Chapter 12 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801530 2017-12-17 20:00:07 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801530 Chapter 13 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801542 2017-12-17 20:00:13 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801542 Chapter 14 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801599 2017-12-17 20:00:42 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216801599 Chapter 15 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826648 2017-12-18 01:14:03 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826648 Chapter 16 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826674 2017-12-18 01:14:16 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826674 Chapter 17 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826698 2017-12-18 01:14:31 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826698 Chapter 18 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826707 2017-12-18 01:14:41 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826707 Chapter 19 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826723 2017-12-18 01:14:51 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826723 Chapter 20 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826739 2017-12-18 01:15:02 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216826739 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216954029 Investors should be skeptical when their bosses make the, promises.

    When getting advise from advisors it must always be known that all advise might be flawed



    ]]>     2017-12-18 14:17:28 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216954029     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216960427
  • Graham demonstrates a multi-step process for assessing the relative strength and valuation of four companies.This process takes the profitability, stability, and price of the companies into consideration—along with other factors process in relation to four modern technology companies: Google, Microsoft, Apple and Blackberry.


    • ]]>     2017-12-18 14:32:19 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216960427     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216960428 Graham does not believe in forecasting future events

    in order to minimize risk you should diversify stocks



    ]]>     2017-12-18 14:32:19 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216960428     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216960429 In Graham’s time, it was customary for corporations to pay out approximately two-thirds of their earnings in dividends


    ]]>     2017-12-18 14:32:19 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216960429     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216961842
  • Earnings per share is an important and widely used figure but is easily manipulated 
  • Primary EPS = (net income) / (shares outstanding)
  • Diluted EPS = (net income) / (shares outstanding + convertible securities). 

    • ]]>     2017-12-18 14:35:53 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216961842     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216965847 According to the Wall Street Journal, there were approximately 5,000 publicly traded corporations in the United States in 2013

    Very few companies have shown a high rate of growth for a very long time.

    ]]>     2017-12-18 14:44:21 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216965847     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216965850 2017-12-18 14:44:22 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216965850 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216975497 A Convertible issue is a financial instrument which can be converted into the common shares of its issuing corporation at a predetermined time and price.]]> 2017-12-18 15:11:29 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216975497 dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216976922 "Always read just because something says *The BEST* it does not necessarily mean it is true


    ]]>     2017-12-18 15:14:46 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216976922     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216979929 There are good and bad companies but there are no good and bad stocks 


    ]]>     2017-12-18 15:22:04 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216979929     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216981895 Rather than paying out high quality dividends large companies re-invest in themselves

    The relationship between shareholders and management is always changing.]]>     2017-12-18 15:26:26 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216981895     dgriffith11 https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216982796 Margin of safety is the most important concept in investing, By keeping a large gap between the price you pay and your estimate of the value of the investment 

    ]]>     2017-12-18 15:28:36 UTC https://padlet.com/dgriffith11/5molxoc1fb2z/wish/216982796