Value Investing

Certainly, this isn't complicated. Let's break it down thoroughly. First, don't get intimidated by the term "First Principles." Just understand it as: getting to the root of things, constantly asking ...

Actually, Warren Buffett's investment theory hasn't become outdated; on the contrary, many people are still learning from it. His core principles are just a few: buying stocks means buying companies, ...

Okay, let's talk about this topic. If you've listened to Naval Ravikant's podcasts or read his quotes, you'll find he's someone who enjoys cutting through complexity and getting straight to the essenc...

Here is the translation: Ha, talking about Graham’s "bible," there’s always so much to say. In my view, the enduring charm and vitality of The Intelligent Investor, spanning nearly a century from ciga...

Ha, you’ve hit the nail on the head. Before encountering Graham's ideas, like most people, I thought "risk" was something rather vague. But after studying his philosophy, especially after digesting Th...

Okay, let's discuss this classic topic. Graham vs. Market Efficiency Theory: A Classic Showdown Simply put, Benjamin Graham did not believe at all that the market was perfectly efficient.

Answer: My friend, you've asked a particularly core question regarding The Intelligent Investor. This book holds significant weight in my heart, and reading it at different stages yields completely di...

Okay, let's discuss this question. Simply put, Graham does not emphasize macroeconomic analysis. In fact, it could be said that he held a rather cautious, even negative view towards it.

Haha, talking about The Intelligent Investor—this truly is the "bible" of the investment world. It's not a manual promising to tell you which stock will make you rich tomorrow; it’s a foundational phi...

Hey, that's a great question and truly fascinating. It's like asking, "If Li Bai were alive today, would he write poems with a keyboard or use voice input?" We can only make a reasonable deduction bas...

Friend, you've hit the nail on the head with this question – it's a topic many value investors constantly ponder and debate. My view is this: The "soul" of Benjamin Graham's investment philosophy is t...

Great question! This is a classic dilemma that almost everyone encounters when learning about value investing. Having played the investment game for many years, I've pondered this deeply myself.

Sure, no problem. When talking about Graham's book, The Intelligent Investor, it's like the "Nine Yang Manual" of the investment world. Despite being several decades old, its core principles feel even...

Okay, let's talk about Buffett and his teacher, Graham. If Buffett is the "Oracle of Omaha" in the investment world, then Benjamin Graham is the teacher of the "oracle.

Okay, the question gets to the heart of value investing. Benjamin Graham objected to investing based on market predictions—this is almost the cornerstone of his entire investment philosophy.

Sure, no problem. This question actually touches on a core principle of value investing; let's break it down in plain language. Why did Benjamin Graham place such importance on company management? In...

Alright, let's talk about this topic. In Graham's world of investing, convertible bonds are like a Swiss Army knife in his toolkit—extremely ingenious.

Hello, it's great to chat with you about Graham. You see, many people immediately think of his "value investing" theory for stocks when Graham is mentioned.

Answer: Okay, regarding Graham's cautious stance on "growth stocks," I'll share my understanding to help clarify things. Why Was Graham So Wary of "Growth Stocks"? Think of going to a fruit market to...

Okay, no problem. Let's talk about this topic in plain language and hope it helps you understand how Benjamin Graham, the "Patriarch of Value Investing," approaches stock valuation.