The Intelligent Investor is still the best book on investing. It has the only three ideas you really need: 1. Chapter 8—The Mr. Market analogy. Make the stock market serve you. The C section of the Wall Street Journal is my business broker—it quotes me prices every day that I can take or leave, and there are no called strikes. 2. A stock is a piece of a business. Never forget that you are buying a business which has an underlying value based on how much cash goes in and out. 3. Chapter 20—Margin of Safety. Make sure that you are buying a business for way less than you think it is
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