Summary of Benjamin Graham's Intelligent Investor | The Best Book on Investing
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The Intelligent Investor by Benjamin Graham retains the title of being the best investment book for beginners and advanced readers alike. First published in 1949, this investment book became an instant hit as it offered practical guidance and advice to investors on how they can minimize investing losses, maximize the chance of substantial profits in the stock markets and control one's self-defeating behaviour. In this video, we shall learn about Mr. Market, margin of safety and many such concepts which have made Benjamin Graham's Intelligent Investor a most sought after book.
👉 Video Chapters:
00:00 Intelligent Investor by Benjamin Graham
01:47 1. Investment and Speculation
02:34 2. Inflation
03:38 3. Defensive Investor
05:40 4. Enterprising Investor
07:46 5. Mr. Market
10:15 6. Margin of Safety
11:49 7. Risk and Reward
13:58 Shankar's Viewpoint
👉 Useful resources & readings
‣ The Intelligent Investor by Benjamin Graham (book link) : amzn.to/3KG9Uop
‣ The Interpretation of Financial Statements by Benjamin Graham (book link) : amzn.to/3IYVkHz
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Disclaimer: I am not a SEBI registered investment advisor or research analyst. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented
@tsenthilnathan5156 Жыл бұрын
Thanks!
@shankarnath Жыл бұрын
Thank you very much Mr. Senthilnathan for this kind gratuity. I am glad you found this summary useful and I'll be happier when you use the same in your investing approach. Please do watch some other videos/playlist on my channel and do post your feedback in the comments. Thanks again!
@somendrasarkar1653 Жыл бұрын
It took me 7 months to read this, and you read it 7 times. You have my respect Shankar!
@shankarnath Жыл бұрын
Thank you sir 🙌 (It's 7 times in 22 years; it was compulsory reading in Prof. Bakshi's Business Valuation & Security Analysis course .. way back in 2001)
@vishwanathnb128 3 ай бұрын
2001 wow what was the source of your data for analysis and screening?@@shankarnath
@senthilkumars6212 Жыл бұрын
Thoughtful and eventful....
@baskarchockalingam2421 Жыл бұрын
I ve been investing in mf since 2018 n started learning direct eqiities for the past 2 yrs n feel bad as I could nt read this book Today I thank you for the summary u narrated in your style that's awesome 👍👍
@shankarnath Жыл бұрын
Glad you found it useful 🙌
@kk4htc Жыл бұрын
You are one of best when it comes to equity and financial wisdom. Your process and wisdom is hard to find these days. Kudos for your efforts.
@shankarnath Жыл бұрын
Thank you so much for your kind words. This is really encouraging, I truly appreciate it!
@wisdomhatchwithsuresh Жыл бұрын
Plz make a content with DIAMONDS IN THE DUST BOOK ANNA
@ramyasri6093 Жыл бұрын
Yes please
@shankarnath Жыл бұрын
Thanks for the suggestion
@shailesh6355 Жыл бұрын
Please..... And let us know a few decent companies as well ☺️
@Nithink_Tank Жыл бұрын
I am an avid reader, my reading spectrum span from Plato's Republic to computational theory of mind, and a lot in between. I am also trading in the equity market since 2006. With that said Dimonds in the Dust is probably the worst book I've ever purchased. Definitely the worst I've read in the last 5 years.
@vilasdesai167 Жыл бұрын
Love the way you explain. Interesting Thumbnails. Always love to watch your video.
@shankarnath Жыл бұрын
Thanks. Glad you like them!
@nabeelyahiya Жыл бұрын
Excellent again Analogy of Rahul Dravid and Patient investor was good one👌
@shankarnath Жыл бұрын
Glad you liked it Nabeel. Thanks for the appreciation
@wisdomhatchwithsuresh Жыл бұрын
Shankar anna....vankkam Suresh from Thoothukudi Tamilnadu... Love to you always anna..
@lakshminarasimhanpb506 Жыл бұрын
Love your content. Thanks for sharing all your research and experience ❤
@shankarnath Жыл бұрын
You are so welcome! Happy to play a small part in your financial journey
@dsaha7700 Жыл бұрын
Day by day you are laddering different stage and levels in learning and teaching all of us... many thanks, keep this going and ups...
@shankarnath Жыл бұрын
Thank you very much
@evenessa Жыл бұрын
I really like how calmly and clearly you explain.
@shankarnath Жыл бұрын
Thanks! Glad you like it
@supreetsachdeva Жыл бұрын
Valuable content Mr. Shankar, great going!
@shankarnath Жыл бұрын
Thank you Supreet ji, glad you liked it
@hemanthshankarappa7550 Жыл бұрын
Great video, simple yet impactful which is free from all the bells and whistles that other influencers use like flash images, music etc. In addition to patience, discipline, and eagerness to learn I believe an investor in individual stock also needs the heart and stomach to digest the gyrations in the stock price. An individual stock's price can from 0-100 and vice-versa in a matter of days or hours in some cases whereas a broader index fund is much less volatile.
@shankarnath Жыл бұрын
Thanks for your appreciation and for sharing your views
@ashwinnair4816 Жыл бұрын
Thank you Shankar, great content.
@shankarnath Жыл бұрын
Most welcome
@unwantedsniping9372 Жыл бұрын
Mr.Shankar you explained this book very nicely and thank you very much for this vid 😊
@shankarnath Жыл бұрын
Most welcome. Glad you found the content informative
@mrinaldo Жыл бұрын
Loved the test match analogy!
@shankarnath Жыл бұрын
Thank you!
@Pramodh0931 Жыл бұрын
Hey Shankar! I like your clarity in explanation ever since with ET money. This new channel s video editing team are top notch. Keep it up.
@shankarnath Жыл бұрын
Glad you liked it. Thank you very much!
@gmilind Жыл бұрын
Just brilliant . thank you shankar dada .
@shankarnath Жыл бұрын
Thank you
@rafaelg.9962 Жыл бұрын
Thank you !!
@shankarnath Жыл бұрын
Most welcome 🙌
@srinivasansukumaran2479 9 ай бұрын
We usually play most KZfaq videos at 1.25x or 1.5x playback speed. But your videos I listen at 0.7x speed due to the dense content packed in a nutshell !!
@shankarnath 9 ай бұрын
Glad to hear that! I'm happy you are finding good value (pun intended) from my work
@sudharsansathiamoorthy1075 Жыл бұрын
Excellent explanation Sir!!
@shankarnath Жыл бұрын
Thank you. Glad you liked it
@sachin_2601 Жыл бұрын
Thanks to you, I atleast know the summary of this book. This book is in my cupboard from long time and I still haven't read it 😁
@shankarnath Жыл бұрын
Glad it was helpful!
@joshuakurien5826 Жыл бұрын
Don't read! Wait for another summary 😀
@Nieljuliet Жыл бұрын
Good quality content sir. Subscribed. Pls keep up the good work.👍🏽
@shankarnath Жыл бұрын
Thanks!
@akhaleefa 11 ай бұрын
You are one of the best you tuber. Thanks for yr efforts. Regards
@shankarnath 11 ай бұрын
Thank you so much 😀 .. glad you are finding my content useful and informative!
@shailesh6355 Жыл бұрын
Thanks alot sir ji ❤
@shankarnath Жыл бұрын
So nice of you. Most welcome, Shailesh
@drsrreddy8699 Жыл бұрын
Excellently summarised Sir 🎉
@shankarnath Жыл бұрын
So nice of you. Thanks :)
@DrNikkhil Жыл бұрын
Classy, as usual!
@shankarnath Жыл бұрын
Wow, thanks!
@heyjude6584 7 ай бұрын
I became a serious value investor after reading ch 8 and 20.
@ankitgoyal34 Жыл бұрын
Love your content!
@shankarnath Жыл бұрын
Glad to hear it!
@samreenniaz9418 4 ай бұрын
Thanks
@shankarnath 4 ай бұрын
Welcome
@raviarya6341 Жыл бұрын
Enjoyed the video..thanks
@shankarnath Жыл бұрын
Glad you liked it
@vthvtyhvvyhththv3724 Жыл бұрын
this is really good, excellent explanation not like others
@shankarnath Жыл бұрын
Glad you liked it!
@krishnakumarsubramaniam5312 Жыл бұрын
Great Video. I am under the impression that you are secretly reading my mind and creating Video for my doubts on the investment part :) Thanks a lot for this Video. I don't know how I missed about this book?
@shankarnath Жыл бұрын
Most welcome, glad you liked it
@nkulkarni1372 Жыл бұрын
Thank you for creating meaningful content, Started investing in ETMoney after watching your videos. Subscriber from Day 1 - Thanks
@shankarnath Жыл бұрын
Thank you!
@shubhambohra4874 Жыл бұрын
This is fantastic work. I admire your hardwork and simplicity in videos. Can you please make lessons from joy of compounding
@shankarnath Жыл бұрын
Thank you for your kind words & suggestion. I'll add it to my content queue
@Samyak99 Жыл бұрын
thank you
@shankarnath Жыл бұрын
Most welcome
@karthikeyanv463 Жыл бұрын
Thanks Shankar ❤
@shankarnath Жыл бұрын
Most welcome
@dannyg3400 3 ай бұрын
Thankyou
@shankarnath 3 ай бұрын
You’re welcome 😊
@mdadnan009 Жыл бұрын
Great content.
@shankarnath Жыл бұрын
Thanks!
@githinsmohan2429 Жыл бұрын
Thanks for the video sir
@shankarnath Жыл бұрын
Most welcome
@gmo709 Ай бұрын
Good video summary. My favorite inxesting book is Debunkery by Ken Fisher.
@shankarnath Ай бұрын
Thanks for sharing, I'll check it out!
@vineetarainakaul Жыл бұрын
Excellent content
@shankarnath Жыл бұрын
Glad you enjoyed it
@MarketAajtaak 8 ай бұрын
Very nice Analysis
@shankarnath 8 ай бұрын
Thank you!
@ganesanls8723 11 ай бұрын
Awesome
@shankarnath 11 ай бұрын
Thanks
@vnd4617 Жыл бұрын
Thank you for the summary 🙏. Wondering what would be the building blocks of an enterprise investor.
@shankarnath Жыл бұрын
Most welcome. Enterprising investor investing models can be accessed on my playlist here: kzfaq.info/get/bejne/gJ-ilbR1qNWRnGw.html
@deepeshkumar100 Жыл бұрын
Nice one Shankar
@shankarnath Жыл бұрын
Thanks
@manikumar7231 Жыл бұрын
Very Quality content channel... I'm glad to subscribe 👌🏻🤝🏻 Keep going
@shankarnath Жыл бұрын
Thanks!
@saiprasad5312 Жыл бұрын
Sir,request a video on this topic. Is it really possible for a working individual to invest on own and still beat Mf fund returns(avg of all fund houses) which is managed by professionals with good eduational background and high paid salaries? Its a humble request from my side and could not ask anyone
@vs5948 Жыл бұрын
Wonderful video as always from you ⭐️⭐️⭐️Please make a video on content of “ Just Keep Buying “ my fav book
@shankarnath Жыл бұрын
Thx for this suggestion. I'll try
@youtuber-sl2xe 11 ай бұрын
👌
@krishnac2300 Жыл бұрын
nice initiative. ❤
@shankarnath Жыл бұрын
Thx 🙌
@sumitaggarwal7568 Жыл бұрын
Simple yet effective explanation of the book and the market❤
@shankarnath Жыл бұрын
Glad you liked it
@rudraroychowdhury9966 Жыл бұрын
Thanks man for slowly and steadily educating me and us. I'm indebted to you. 🙏🏽❤. . I've a question. What is/are the basic differences between banking and finance industry/sector? The reason I'm asking is that I've invested in Indian Railways Finance Corporation because of it's monopoly business model (as of now). But now, I'm bit confused about it's future growth scope. Is it possible for you to cover finance & insurance sector in your upcoming sector analysis videos? I know, I'm asking too much.
@shankarnath Жыл бұрын
Most welcome. I have already covered the life insurance sector in a previous video (playlist link: kzfaq.info/get/bejne/jJhof9OFptalp6s.html). I'll be adding more to this playlist from time to time
@rudraroychowdhury9966 Жыл бұрын
@@shankarnath Thank you Shankar. I'll definitely go through the video ❤.. Actually these are not only videos but also digital book on investing. ❤🙏🏽
@rsanjay87 Жыл бұрын
It's been more than five years this book is lying on my bookshelf, after watching this I had satisfaction of reading the book
@shankarnath Жыл бұрын
Time for a re-read then :)
@axt6760 Жыл бұрын
Thank you for sharing. How credible are the Graham screeners available on VR & Screener ?
@shankarnath Жыл бұрын
Most welcome. In my view, it's always good to make oneself, it's not a complicated one
@axt6760 Жыл бұрын
@@shankarnath Yes that was my conclusion too. Thanks again
@shankarnath Жыл бұрын
🙌 :)
@jayeshkotadiya3387 Жыл бұрын
Sir Aapke Thumbnail Laazawab hai
@shankarnath Жыл бұрын
Dhanyawad
@shaikakber4717 Жыл бұрын
❤
@ramanasharanam Жыл бұрын
Wonderful listening to you, can you explain by example how you invest using principle of 30% margin of safety please.
@shankarnath Жыл бұрын
Thank you. For example - if I use the DCF (discounted cash flow) method for calculating the intrinsic value of a single share in a company. Then a 30% margin of safety means the current market price should be 30% below that intrinsic value I calculated.
@ramanasharanam Жыл бұрын
@@shankarnath What discount rate or annual interest rate you presume ?
@shankarnath Жыл бұрын
I generally use a hurdle rate of 12%
@ramanasharanam Жыл бұрын
@@shankarnath Thanks a lot.
@peaushvishnoi3959 Жыл бұрын
Wonderful video Shankar 👍👍👍
@shankarnath Жыл бұрын
Thank you so much 🙌
@CletaRancifer 8 ай бұрын
I was pleasantly surprised to find that you're familiar with her as well. I've had the privilege of working closely with Jenny Pamogas Canaya over the past few months, and she has not only helped me earn substantial profits but has also been an exceptional mentor and trader. Her ability to navigate various market situations is truly remarkable, and I couldn't be more satisfied with our collaboration..!!!!
@Randomcomment7699 16 күн бұрын
Shankar old age thumbnail 😂.. great creativity
@shankarnath 16 күн бұрын
Thanks
@renganathans894 3 ай бұрын
Is this recommended for beginners ?
@explorernikhilsetty Жыл бұрын
Sir if we r investing in foreign funds Through indian mutual funds like ex Edelweiss invests in JPMorgan schemes Dsp in black Rock so on. So in any case this International amc's if they go brankrupt Whether indian fund house will give guarantee to our money . What's sebi view on this
@shankarnath Жыл бұрын
Every mutual fund schemes carries a line "Mutual funds are subject to market risk. Please read all scheme related documents carefully". This "market risk" includes bankruptcy aswell incl. domestics and international companies.
@imjituchauhan Жыл бұрын
Happy Holi 🎉
@shankarnath Жыл бұрын
Happy holi to you too, Jitu ji
@anudevmadhu902 11 ай бұрын
How can now calculate IV of a stock
@vinod6380 Жыл бұрын
Please make a video with Sourav Mukherjee..
@shankarnath Жыл бұрын
I'll try. Thanks for the suggestion
@FinExTraining Жыл бұрын
👍
@nandakumarrao5667 Жыл бұрын
Can you make a video on chit funds
@jayam108 Жыл бұрын
Dear Shankar could you please start Financial advisory or pms for thse have enough knowledge and time.please let us know.
@shankarnath Жыл бұрын
Thanks for the suggestion, Jayasankar. Maybe some day I might .. but am focussed on education/training/research for now.
@epicenteryt Жыл бұрын
Make a video on value investing and behavioural finance by parag parikh
@shankarnath Жыл бұрын
Thx for your suggestion
@das.abhisek 8 ай бұрын
Please make this valuable video in Hindi at least common mango people will understand ❤
@shankarnath 8 ай бұрын
Thanks for the suggestion. I'll try
@manasb1110 Жыл бұрын
Happy Holi
@shankarnath Жыл бұрын
Happy holi to you too, Manas
@ZaliaZ 9 ай бұрын
Hello Shankar, any chance you could review The Rees Approach: A Beginner's Guide to Making Money in the Stock Market? Thanks.
@shankarnath 9 ай бұрын
Thanks for the suggestion. I'll try
@allrounder_12348 6 ай бұрын
Namaste Sir... Es book ko agar aap Hindi m bol de tho mere liye or mere jaise ko bhi kuch accha hoga pls
@shankarnath 6 ай бұрын
Namaste. Iss channel pe to Hindi nahi bol sakta kyonki kayi mahino se isme English content aa raha hai. Hindi me spashtikaran ke liye to alag channel kholna padega
@harikrishnanjavahar6718 Жыл бұрын
Sir is this the same criteria which you used for screener. 🤔.
@shankarnath Жыл бұрын
No. I don't think I haven't used this Ben Graham formulae before
@harikrishnanjavahar6718 Жыл бұрын
@@shankarnath sir can u make a screener with this information and please share with us. Similar to Peter Lynch screener
@murali_16 Жыл бұрын
Sir I'm beginner in investment journey. Can i go for this book ? Are you would recommend any other book ? Please do suggest
@shankarnath Жыл бұрын
Hello Murali: Pls read these three books 1. The Intelligent Investor by Benjamin Graham 2. The Psychology of Money by Morgan Housel 3. One Up On Wall Street by Peter Lynch
@murali_16 Жыл бұрын
@@shankarnath can i start with one up on wall street ??? I saw this video fully (intelligent investor) these information looks very new and little tough to grasp
@stephenamegatse5363 Жыл бұрын
Please l want the pdf
@majidahamed3656 Жыл бұрын
Even venture Capital is also a speculation right
@shankarnath Жыл бұрын
It's a good enquiry. In my view, I won't outright put venture capital as speculation. And that's because one can probabilistically evaluate potential returns, risk, future earnings, product demand, scalability etc. better than some other products. If spread over multiple projects, VC becomes less risky although uncertainty remains. I feel, a risky/uncertain investment doesn't translate to speculation every single time
@ramyasri6093 Жыл бұрын
This book is not so easy to understand for a beginner sir... Took me some experience to start understanding
@shankarnath Жыл бұрын
It gets a lot easier when one reads it the second time. Actually, I find it true for most books except "Security Analysis" by Ben Graham which should be read thrice :)
@ramyasri6093 Жыл бұрын
@@shankarnath well said sir. When i read it second time . I could make better sense. But dint complete it though. As for security analysis i think i require to gain more knowledge before starting it
@user-xh9uj1tf3l 4 ай бұрын
Why chapter 20 just after chapter 8 in Intelligent investor?
@shankarnath 4 ай бұрын
The book has chapters 9 to 19 aswell. Pls do read
@arnabbhattacharya6579 Жыл бұрын
I plan to read it after every 2 yrs to understand it better
@shankarnath Жыл бұрын
🙌 I'll be releasing a book review this coming Saturday. It's "How to Make Money in Stocks" by William O'Neil .. which I think is a brilliant books for all serious investors to read. Yes, it's the book which also has the CANSLIM system plus there is a lot more stuff in it. I shall be putting forth the top three and most powerful messages in that book in the video
@arifhussain94 Жыл бұрын
@shankarnath Can you please make a video on how the share price moves with simple examples? What drives the share price& how bulk of block deals are placed?
@shankarnath Жыл бұрын
Honestly, I don't have much idea on why the share price moves every hour of the day. Infact this was the central theme of the Intelligent Investor's summary video I shared last week. Actually, I find it easier to 1) first understand how likely will earnings move and 2) then extrapolate it to share price movement as a derivative of valuations But to help out with your question, I recall I had done an interesting video on the ET Money channel which was aptly titled "Bhav Bhagwan Che". Maybe that helps, please have a look. Link: kzfaq.info/get/bejne/jtqmrbqF2LmznYk.html
@manojkumarhn Жыл бұрын
Sir please give me clarity on high pe ratio and low peg ratio company. For example ultratech cement has around 45 has pe ratio and -1.5 has peg ratio. How to analyze this stock. How valve investing concept applied.
@shankarnath Жыл бұрын
Hello. PEG ratio is PE ratio divided by the earning growth rate. So if the EPS growth rate is negative while PE ratio is positive, then the PEG ratio is negative. Where (source) did you get this -1.5 PEG ratio for Ultratech cement?
@MGDelberg23 2 ай бұрын
Very well summarized, however I would recommend everyone with some experience with any form of investing to read this book and reflect his approach. ( if you can’t sleep at night it helps :) )
@kalukumawat4496 Жыл бұрын
Hindi me milega video
@mazharsoufi5270 2 ай бұрын
thank u baby
@Theteacher1986 Жыл бұрын
Is he really is your grandfather or its you in makeup ?
@shankarnath Жыл бұрын
Neither. A Snapchat filter named Time Machine
@salonisingh3953 Жыл бұрын
Had some question can I get ur mail id plz
@kattarajeevkanth Жыл бұрын
Thanks
@shankarnath Жыл бұрын
Thank you Rajeev for your kind gratuity. Much appreciated!
@anirka08 Жыл бұрын
Thanks
@shankarnath Жыл бұрын
Thank you Anirudh for this wonderful gesture. Happy to know you are finding my videos useful & I'm glad to be playing a small part in your financial journey
@nakulkhanna9414 Жыл бұрын
Thanks
@shankarnath Жыл бұрын
Thank you Nakul for this kind gratuity. Much appreciated!
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