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The bible of value investing. This is the first part of my summary of Security Analysis – Benjamin Graham & David Dodd’s legacy to up-and-coming investors.

Playlist of the full Security Analysis series: http://bit.ly/2vNzkw7

Top 5 takeaways from Benjamin Graham’s Security Analysis:

00:00 1. Investment vs. speculation
04:37 2. Classification of securities
07:34 3. Quantitative analysis vs qualitative analysis
10:32 4. Obstacles for the analyst
13:02 5. Investing is the search for exceptional cases

TL;DW:

- An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return
- There are many different types of securities suitable for investment operations. They are, however, not bought under the same premises.
- Quantitative data must always be validated by qualitative observations
- The incorrectness of data, uncertainties of the future and irrationalities of markets complicate the work of the analyst, but they don’t nullify it
- One of the greatest advantages of the analyst is that he can, and should, only act in exceptional cases

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.