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27 books
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86 voters
“The scientific theorist is not to be envied. For Nature, or more precisely experiment, is an inexorable and not very friendly judge of his work. It never says "Yes" to a theory. In the most favorable cases it says "Maybe", and in the great majority of cases simply "No". If an experiment agrees with a theory it means for the latter "Maybe", and if it does not agree it means "No". Probably every theory will someday experience its "No" - most theories, soon after conception.”
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“One of Graham’s most powerful insights is this: “The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.” What does Graham mean by those words “basic advantage”? He means that the intelligent individual investor has the full freedom to choose whether or not to follow Mr. Market. You have the luxury of being able to think for yourself”
― The Intelligent Investor
― The Intelligent Investor
“The story is simple enough. Some of those in charge set out to get much better than average (or DJIA) results. They succeeded in doing this for a while, garnering considerable publicity and additional funds to manage. The aim was legitimate enough; unfortunately, it appears that, in the context of investing really sizable funds, the aim cannot be accomplished without incurring sizable risks. And in a comparatively short time the risks came home to roost.”
― The Intelligent Investor
― The Intelligent Investor
“In Mathematics, 10x1 and 1x10 are exactly the same.
In real life, they are almost opposite.
You can easily fool 10 different people for 1 time each. But to fool 1 person for 10 times is very difficult.”
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In real life, they are almost opposite.
You can easily fool 10 different people for 1 time each. But to fool 1 person for 10 times is very difficult.”
―
“If you listen to financial TV, or read most market columnists, you’d think that investing is some kind of sport, or a war, or a struggle for survival in a hostile wilderness. But investing isn’t about beating others at their game. It’s about controlling yourself at your own game. The challenge for the intelligent investor is not to find the stocks that will go up the most and down the least, but rather to prevent yourself from being your own worst enemy—from buying high just because Mr. Market says “Buy!” and from selling low just because Mr. Market says “Sell!” If your investment horizon is long—at least 25 or 30 years—there is only one sensible approach: Buy every month, automatically, and whenever else you can spare some money. The single best choice for this lifelong holding is a total stock-market index fund. Sell only when you need the cash”
― The Intelligent Investor
― The Intelligent Investor
Engineers for a Sustainable World
— 17 members
— last activity Mar 24, 2015 10:37AM
From Karen: If you've read and loved a book related to any of the following topics, please respond with the book title and author. -Food -Housing -Wa ...more
STEM Reads Book Club
— 5 members
— last activity Mar 28, 2021 04:34PM
A book club for educators, parents, and librarians who are passionate about STEM books for early readers.
Denver Engineering Leaders Third Thursday Bookclub
— 5 members
— last activity Aug 20, 2020 08:19AM
The bookclub offshoot of the Denver Engineering Leaders Meetup https://www.meetup.com/Denver-Engineering-Leaders This group is based in Denver, but ...more
Piinhuann’s 2024 Year in Books
Take a look at Piinhuann’s Year in Books, including some fun facts about their reading.
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162 books
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893 books
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535 books
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245 books
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113 friends
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