{"id":16534,"date":"2021-08-25T00:12:43","date_gmt":"2021-08-25T00:12:43","guid":{"rendered":"https:\/\/woodriverweekly.com\/?p=16534"},"modified":"2021-08-24T20:13:51","modified_gmt":"2021-08-24T20:13:51","slug":"the-intelligent-investor","status":"publish","type":"post","link":"https:\/\/woodriverweekly.com\/index.php\/2021\/08\/25\/the-intelligent-investor\/","title":{"rendered":"THE INTELLIGENT INVESTOR"},"content":{"rendered":"

By Suzanne Hazlett, MBA, CIMA\u00ae, CFP\u00ae\u00a0<\/em><\/p>\n

\"\"
Suzanne Hazlett, MBA, CIMA\u00ae, CFP\u00ae is the founder of Hazlett Wealth Management, LLC.<\/figcaption><\/figure>\n

T<\/span>he Intelligent Investor and Security Analysis are books published in 1949 and 1934, respectively, authored by the legendary \u201cfather of value investing,\u201d Benjamin Graham. Graham was a British-born American economist, professor and investor. While his life spanned 1894 to 1976, his sound viewpoints on investing still stand today. Warren Buffett, who credits Graham as his mentor, describes The Intelligent Investor as the \u201cthe best book about investing ever written.\u201d<\/span><\/p>\n

Decades before the term \u201cbehavioral finance\u201d was common in contemporary parlance, Graham\u2019s philosophy emphasized the impact of psychology on investors\u2019 potential for success or failure. <\/span><\/p>\n

Here are several of Graham\u2019s sage and telling quotes that find validity in today\u2019s market and economic environment.<\/span><\/p>\n

\u201cSuccessful investing is about managing risk, not avoiding it.\u201d<\/span><\/p>\n

\u201cInvesting isn\u2019t about beating others at their game. It\u2019s about controlling yourself at your own game.\u201d<\/span><\/p>\n

\u201cTo be an investor you must be a believer in a better tomorrow.\u201d<\/span><\/p>\n

\u201cA great company is not a great investment if you pay too much for the stock.\u201d<\/span><\/p>\n

\u201cAlways buy your straw hats in the winter.\u201d<\/span><\/p>\n

\u201cAn intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.\u201d<\/span><\/p>\n

\u201cThe intelligent investor is a realist who sells to optimists and buys from pessimists.\u201d<\/span><\/p>\n

\u201cThe investor\u2019s chief problem\u2014and even his worst enemy\u2014is likely to be himself.\u201d<\/span><\/p>\n

\u201cThe essence of investment management is the management of risks, not the management of returns.\u201d<\/span><\/p>\n

\u201cNever buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.\u201d<\/span><\/p>\n

\u201cAbnormally good or abnormally bad conditions do not last forever.\u201d<\/span><\/p>\n

\u201cBuy not on optimism, but on arithmetic.\u201d<\/span><\/p>\n

\u201cHigh valuations entail high risk.\u201d<\/span><\/p>\n

\u201cA stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.\u201d<\/span><\/p>\n

\u201cConfusing speculation with investment is always a mistake.\u201d<\/span><\/p>\n

Just shy of a century ago, Graham said, \u201cA sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.\u201d More enduring words were never spoken.<\/span><\/p>\n

HAZLETT WEALTH MANAGEMENT, LLC is independent of Raymond James and is not a registered broker\/dealer. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Securities offered through Raymond James Financial Services, Inc., member FINRA\/SIPC. 675 Sun Valley Road Ketchum, Idaho, 208.726.0605. HazlettWealthManagement.com<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

By Suzanne Hazlett, MBA, CIMA\u00ae, CFP\u00ae\u00a0 The Intelligent Investor and Security Analysis are books published in 1949 and 1934, respectively, authored by the legendary \u201cfather of value investing,\u201d Benjamin Graham. Graham was a British-born American economist, professor and investor. While his life spanned 1894 to 1976, his sound viewpoints on investing still stand today. Warren […]<\/p>\n","protected":false},"author":1,"featured_media":15233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","_pvb_checkbox_block_on_post":false,"footnotes":""},"categories":[2,16],"tags":[],"class_list":{"0":"post-16534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commentary","8":"category-finance"},"_links":{"self":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/16534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/comments?post=16534"}],"version-history":[{"count":1,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/16534\/revisions"}],"predecessor-version":[{"id":16538,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/16534\/revisions\/16538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media\/15233"}],"wp:attachment":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media?parent=16534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/categories?post=16534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/tags?post=16534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}