Disclaimer

Do your own due diligence first before investing. The writer will not be responsible for any capital loss as a result of reading this blog.

Wednesday, November 28, 2007

Introducing: Security Analysis



Decided to get more serious into investing and the analysis of financial statements, bought this book from Times bookstore at a freaking $125.20 inclusive of GST! Expensive yea? Didn't even bother to check prices from Kinokuniya or Borders for the best price. The plus minus $1 or $2 won't be significant as both the other major bookstores are further away considering transport costs.

This book will be a timeless advise as it features Benjamin Graham's years of hard work into security analysis. The authors had seen and survived the Great Depression as well as the political and financial instabilities of World War 2. Ben Graham is widely acknowledged to be the founder of value investing and is continuously practiced by famous investors like Warren Buffett. This is the reason why I bought this book, I wanted to know what Warren Buffett knows when he was young.

There are also limitations about reading an old classic investment book. All the examples are outdated except for the principles and technique of value investing after reading 100+ pages. Ben's old English way of explaining stuff also makes it difficult to understand.

I know that I would benefit a lot from this investment bible and decided to post lessons learnt on a weekly basis. I'm sure the $125.20 investment will pay off handsomely!

Wish me well in my investing journey! d:D

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