The Intelligent Investor | Book Summary in Tamil | Karka Kasadara

This video is the summary of the book 'The Intelligent Investor' of Benjamin Graham in Tamil. Benjamin Graham, best known for his book The Intelligent Investor, is lauded as a top guru of finance and investment. Known as the father of value investing, The Intelligent Investor: The Definitive Book on Value Investing is considered one of the most important books on the topic. By evaluating companies with surgical precision, Graham excelled at making money in the stock market without taking big risks. One of Graham's key contributions was to point out the irrationality and group-think that was often rampant in the stock market. Thus, according to Graham, investors should always aim to profit from the whims of the stock market, rather than participate in it. His principles of investing safely and successfully continue to influence investors today.. The Beginning: After graduating from Columbia University in 1914, Graham went to work on Wall Street. During his 15-year career, he was able to cultivate a sizable personal nest egg. Unfortunately, Graham, like many others, lost most of his money in the stock market crash of 1929 and the subsequent Great Depression. Those experiences taught Graham lessons about minimizing downside risk by investing in companies whose shares traded far below the companies' liquidation value. In simple terms, his goal was to buy a dollar's worth of assets for $0.50. To do this, he utilized market psychology, using market fears to his advantage. These and other concepts, including "margin of safety" and "period of financial distress", helped to lay the groundwork for Graham's later work in The Intelligent Investor and helped to pioneer some of his pivotal investing concepts. The Intelligent Investor and Warren Buffett: About The Intelligent Investor, legendary investor Warren Buffett, who Graham famously mentored, described it as "by far the best book on investing ever written." In fact, after reading it at age 19, Buffett enrolled in Columbia Business School in order to study under Graham, with whom he developed a lifelong friendship. He later worked for Graham at his investment company, the Graham-Newman Corporation, until Graham retired. Graham's students all eventually developed their own strategies and philosophies, but they all shared the main principle of creating a margin of safety. In general, Buffett follows the principles of value investing, which looks for securities whose prices are unjustifiably low based on their intrinsic worth. Buffett also considers company performance, company debt, profit margins, whether companies are public, how reliant they are on commodities, and how cheap they are.