Status Updates From O investidor inteligente

Chapter 1 breaks down the difference between an investor and a speculator. An investor makes sound decisions based on market data and most likely profits, versus a speculator takes higher risks without analyzing the data and usually incurs losses.

In the introductory phase of the book, Graham emphasizes that philosophy is more important than intelligence. Even three-quarters of the Wall Street experts get investments wrong. Moreover, it’s the investor who exudes a patient temperament and consistent thirst for knowledge is who succeeds long-term.

Really Great Book