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/biz/ - Business & Finance

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18419441 No.18419441 [Reply] [Original]

Is this still relevant? Almost everything I see posted on /biz/ runs contrary to this, so I'm inclined to say "yes".

>> No.18419607
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18419607

>>18419441
Biz has alot of gamblers, shitposters, coinfags and traders.
Intelligent investor is a good read as an introduction to long term investing strategies, so not applicable to most biz tards
The book is pretty old too so you got to remember it was written before quants, algos and easy access to company information

>> No.18419662

>>18419607
I'm about halfway through it, after that I'm planning to go through 'A Random Walk Down Wall Street' and then 'The Little Book of Common Sense Investing'. I'm playing around with a stock simulator right now, I don't want to put up any real money until I've gone through these books and built up some of the financial baselines i.e. 30k in emergency savings, Roth IRA set up, stuff like that.

>> No.18419692
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18419692

I read the four pillars and working on "walk through wallstreet".
Look, the intelligent investor should have already taught you to be very considerate when you hear random advice. Especially from day traders on /biz/.
Read those books and make your own judgements.

>> No.18419718

>>18419441
Value investing is less applicable now. 9 out of 10 companies nowadays have ridiculously high PE ratios.

>> No.18420807

>>18419441
yeah value investing is fucking queer.

You see a bunch of nuvo-riche claiming to be "value investors" as if its a virtue-signal for those in the know. Really they just read this book. Growth stocks have destroyed value stocks for 30 years. Ben Graham is irrelevant. It's like reading reminiscences of a stock operator and trying to trade against algos.

>> No.18420923

>>18419607
Likely because a lot of people here don't want to wait for 5% here and 6% there. They want 1000% and want it now. Crypto is the most likely way to do that

The starting capital doesn't allow itself for small percentage gains, unfortunately. Putting $500 into something and praying for 8% per year will amount to sweet fuck all in ten years. People on here want retirement money, not cheap used car money.

>> No.18422173

>>18419441
yes

>> No.18422248
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18422248

>>18419441
I started this last week and goddamn the dude's prose is a chore and i get a headache after a dozen pages.
I fucking get it, a company has to earn several times what it owes, quit going in circles

I hope I can make billions like Kahn and Buffet by reading this. They highly regard this book.

>> No.18423081

It's a boomer book meant for people with $5m+ portfolios looking for a safe 8% roi a year

>> No.18423139
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18423139

The trick to this book and others is to find the relevant points and apply them to your investments. Different book related.

>> No.18423231

>>18423139
Post other book recommendations ass gobbler

>> No.18423275

>>18420807
>You see a bunch of nuvo-riche claiming to be "value investors" as if its a virtue-signal for those in the know.
I have literally never seen this, do you just hang out on Reddit all the time or something?

>> No.18423319

>>18420923
The main point i think you make is that most investors on Boz have little starting capital, hence hoping for 100%+ gains

>> No.18423467

>>18420923
Yeah exactly, coinfags don't want to wait for actual real 5-7%. They want to gamble on the lottery ticket chance of making it to lambo land, but in reality this almost alway means losing everything on altcoins.

>> No.18423530

>>18422248
Consider this anon-

There are entire office blocks of people who have studied finance and equity analysis at university and do it 80-100hrs a week as a job. Even they on the most part cannot beat S&P 500 returns for the most part.

Knowing this stuff is the absolute minimum starting point, not a ticket to lambo land

>> No.18423580

>>18419692
Best books on investing are Security Analysis & Margin of Safety. Fisher & Lynch also have decent books, but you need to learn to avoid risk before anything else.

A beginner should read Klarman's book first. It's extremely readable/well written and more applicable than older books.

>> No.18423595

>>18423530
They're all glorified salesmen. Their jobs arent to beat the index.

>> No.18423766
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18423766

It's a meme, the stock market is not a reflection of the value of businesses any more, it's an incredibly elaborate ponzi scheme whose sole purpose is letting boomers avoid taxes and beat inflationary monetary policy.

>> No.18423977

>>18420807
no when I lived in Seattle a bunch of people who were from there were rich because anyone who owned property in seattle in the 80s-90s absolutely fucking made out. So they had all this money and would angel invest in this and that and call themselves "value investors". They didnt even know what it meant. A fool and his money are soon parted.

>> No.18424501

>>18423231
Find them yourself carpet muncher.