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/biz/ - Business & Finance

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17070305 No.17070305 [Reply] [Original]

Be honest, /biz/, did you even get past the introduction(s)?

>> No.17070346

>>17070305
I'm a small goy working in retail banking. What can I get out of learning security analysis?

>> No.17071383

>>17070305

Never read it. Is the intro really that rough?

>> No.17071408

>>17070305
>reading introductions
ngmi

>> No.17071554

I made it halfway through Intelligent Investor and then immediately just moved onto the contemporary Bogleheads reading list
stock picking is still stock picking

>> No.17071593

>>17070305
>books that require you to have 100k+ starting capital

ngmi

>> No.17071618

stocks behave just like shitcoins and pumped and dumped in accordance with money flow.

understand that and you have a better understanding of how to price securities than you'll ever get reading try hard books like this that waste time analyzing the underlying company the stock is loosely associated with.

>> No.17071706
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17071706

>>17070305
Don't read this book.
It's obsolete (the chapters on options were written before Black-Scholes and bankruptcy law has changed a lot, for example).
It has low information density (it contains a lot of Graham's tangential musings, and needlessly elaborate, masturbatory prose).
It isn't a unified system for valuation; just a disjointed collection of rules of thumb.
Read pic related's valuation book instead.

>> No.17071820

>>17071383
>>17071383
>Never read it. Is the intro really that rough?
The whole book is a slog.
In Chapter 28, they digress at length about how bankruptcy law could be improved, as if theoretical bankruptcy reform discussions have any place in a book on security analysis.
People just talk SA up because it was the first of its kind, and because "Uncle Warren" touts it as a kind of value investing bible.

>> No.17071837

>>17070305
Waiting for it to arrive. Try reading Alchemy of the finance if you want to understand how 20000000000000000000000iq soros is