THE INTELLIGENT INVESTOR - BOOK SUMMARY - CHAPTER 7
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The Intelligent Investor – where to find opportunities
I continue with my contemporary summary of Benjamin Graham’s book The Intelligent Investor as I believe that the combination of the everlasting wisdom in the book and a modern approach is all what an investor needs to reach great returns, the best financial education at this point in time.
Today’s discussion is about Chapter 7 – Portfolio Policy for the Enterprising Investor: The Positive Side.
Today we turn from discussing how a defensive investor should invest to discussing how an enterprising investor should invest, one that devotes a fair amount of time in order to beat the market.
There are 4 things an enterprising investor has to focus on:
- Buying low and selling high
- Growth stocks
- Special situations
We will discuss the buying low and selling high strategy when summarizing the next chapter, chapter 8 that is alongside chapter 20 what every investor should read according to Buffet. Let’s see what Graham has to say about growth stocks.
A growth stock is defined as one that has grown better than the average and will continue to do so. We would all like to have invested in Netflix a few years ago or to find the next Netflix to invest in.