TIP620: THE INTELLIGENT INVESTOR

W/ BENJAMIN GRAHAM

04 April 2024

On today’s episode, Clay shares his lessons from reading The Intelligent Investor by Benjamin Graham.

Benjamin Graham was a renowned value investor, lecturer, financial securities researcher, and mentor to billionaire investor Warren Buffett. Graham is widely regarded as the father of value investing.

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IN THIS EPISODE, YOU’LL LEARN:

  • Who Benjamin Graham was.
  • How the intelligent investor seeks to capitalize on market fluctuations.
  • A case study of Mr. Market’s mood swings in the 1999-2000 tech bubble.
  • The Intelligent Investor’s biggest advantage in the markets.
  • The concept of the Margin of Safety.
  • Benjamin Graham’s investment principles.
  • And so much more! 

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Clay Finck: Welcome to The Investor’s Podcast. I’m your host, Clay Finck. And today I’m going to be sharing what I learned from reading The Intelligent Investor by Benjamin Graham. And more specifically, the two chapters that Warren Buffett highly recommends, which are chapters eight and 20.

[00:00:16] Clay Finck: Benjamin Graham is known as the father of value investing and the number one mentor to Warren Buffett in his own investing journey early on. Buffett was a student of Graham’s at Columbia University and Buffett admired Graham so much and valued his insights that he offered to work for Graham for free.

[00:00:34] Clay Finck: At the end of this episode, I’ll also pull a couple of clips from my co host, William Green’s conversation with Jason Zweig, who wrote the commentary on the most recent edition of the Intelligent Investor. Hope you enjoy it.

[00:00:50] Intro: Celebrating 10 years and more than 150 million downloads. You are listening to The Investor’s Podcast Network. Since 2014, we studied the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected. Now, for your hosts, Stig Brodersen and Clay Finck.

[00:01:11] Clay Finck: Alright, so like I mentioned at the top, I picked up the Intelligent Investor by Benjamin Graham. I got the revised edition with new commentary from Zweig and the original text was published back in 1949 and this revised edition was published in 2006. So Zweig, he ended up preserving the integrity of Graham’s original text and teachings.

[00:01:34] Clay Finck: And then he tied in some of the things that are more relevant for today’s market and then drew parallels between Graham’s examples and the headlines of when Zweig wrote the book. My co host, William Green had Jason Zweig on the Richer Wiser Happier podcast back on episode four, and this was just a phenomenal conversation.

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