Is this still relevant?

[Anonymous No.22492911]

I keep hearing that value investing doesn't work anymore, but how come? All this book is saying it's to find stocks before they get popular basically(become overvalued).

Could one of you smart anons please enlighten me on this?

[Anonymous No.22493918]

>>22492911
Value investing is OK for large caps. Won’t get you rich.
Do not make the mistake thinking crypto currency is anything like common stock being offered for shares in a company just because of green and red bars and price go up and price go down.

[Anonymous No.22494378]

>>22492911
>diversify
>buy bluechip stocks

such a boring book.

[Anonymous No.22494478]

>>22494378
Have you read it?

>>22492911
Exposure and information to your field/hobby of interest is always net positive. You might derive one or two "immediately" valuable pieces, but they might be highly impactful and even life-changing. Regarding your pic related, it was written before the internet and serves better as a historically bound perspective (though, the fundamentals of it all will be fascinating). Give it a shot, don't overthink it, begin reading and decide for yourself instead of posting here.

[Anonymous No.22494504]

>>22492911
i bought it after Buffet shilled it and I also bought Security Analysis . I got into crypto right after buying them and haven't felt the need to read it as I don't feel like the concepts apply. It's like a guide on growing apples when you have orange seeds.

[Anonymous No.22494562]

>>22494478
Good comment anon. You have any top books that helped you?

[Anonymous No.22494590]

>>22493918
Do you prefer crypto or stocks? How are they different in the general sense?

[Anonymous No.22494603]

>>22492911
This shit is the epitome of boomer dinosaur tier investing, when nowadays
You can throw a few thousand dollars on a literal fucking meme coin and be a millionaire in less than a week.

[Anonymous No.22494656]

>>22494562
If you're just starting I suggest Ray Dalio's Principles. It's a straightforward read, but many of the frameworks he covers and mistakes he made have stuck with me.

[Anonymous No.22494781]

>>22492911
That was written in a time when typical bonds had 5% interest rates. We have lived in historically low times since the turn of the millennium. Couple that with disruptive tech growth stocks and value investing cannot seem to keep up. If there is an interest rate correction then the pendulum will quickly swing back.

[Anonymous No.22495153]

>>22494478
Imagine investing your time into reading this wordy piece of shit that takes pages in pages just to say one thing.

It took like 30 pages in the intro just to say that you can expect like 5.5% after tax returns from following the defensive approach. And then it's like 10000 pages of disclaimers about how you shouldn't try to be any more aggressive than that, and then even if you do you can expect MAYBE 5% more.

[Anonymous No.22495189]

>>22492911
It's definitely a bit dated and by no means a "bible" or a how to of investing. It encourages defensive and diversified well thought out investments. It then provides a variety of scenarios followed by modern commentary. It has a favor towards bonds most would disagree with. If you can't commit to reading just pick a chapter and then read it plus the modern summary. Michael Burry just shilled some books on Twitter i recomend googling that. Overall I give thebbook 3/5 stars

[Anonymous No.22495218]

>>22492911
Relevant, but it definitely was more relevant when random individuals held a much larger portion of all outstanding shares (and they could be taken advantage of by institutions / professional investors on the other side of their trades).

I'd say that "A Random Walk Down Wallstreet" is the better book for today, explaining that the market is mostly efficient and the average individual is better off with a low fee diversified market cap weighted index fund. Also, "Winning the Loser's Game" discusses exactly how the market evolved from being a winner's game where pro's could have an advantage over low-information traders, to a loser's game where cutthroat competition from professionals and institutions makes up over 90% of all trades and has made it near impossible to find some deficiency in the market to reliably exploit.

[Anonymous No.22495237]

It's severely dated and it suffers from your stereotypical boomer mindset of firm handshake and bootstraps.

The market investing advice still works, but for completely different reasons. This book was written when the money printer wasn't on 24/7 and giving millions to mega corporations daily to prop up their toxic debt due to stock buybacks.

[Anonymous No.22495253]

The intelligent investor buys LINK at $0.17 while /biz/ is on suicide watch.
The retarded investor doesn't sell it at $20 while /biz/ was talking about yacht parties.
The intelligent investor re-load on LINK below $3 when /biz/ will be on suicide watch again.

That's all you need to know for an updated version of that boring book, you're welcome.

[Anonymous No.22495275]

>>22492911
The book is good its about "Value investing"
you need to understand the difference between value stocks and growth stocks. also you need to understand both value stocks and growth stocks run in cycles when one triumphs the other one. Growth stocks have dominated the last 2 decades thats why brainlets say shit like "value investing doesn't work" it works but not as well when you're in a growth stock cycle.

[Anonymous No.22495352]

>>22495253
Meanwhile the intelligent inventor creates Chainlink and becomes a billionaire...

[Anonymous No.22495394]

value investing works well during a bear market, or when talking long term like 10 years when people actually care about results. if you are a trader you should just go off who has the best memes and clout

[Anonymous No.22495652]

>>22492911
What sort of boomer shit tier book is this

[Anonymous No.22495797]

The book is valuable because it's a good way to expose yourself to the basic mechanics of capital markets, instead of coming here and listening to these JOBLESS, STREET SHITTING, NONWHITE, RETARDS

but no it's a book about how things were a century ago, you have to keep reading other things before DIY investing

[Anonymous No.22496095]

>>22495153
Think outside yourself. Not all people process information like you do. Meaning, within those 30 pages they might notice or gain something subtle as opposed to searching for "the point," which, based on your response, is the only thing you look for when reading. And there's nothing wrong with that. Let others attempt to see if it fits their bill and go from there as opposed to dissuading them from reading in the first place.

[Anonymous No.22496570]

>>22492911
The chapters on portfolio selection for the enterprising investor are pure gems.
Security Analysis is a chore to read -You're better off just learning the basic ratios and valuation methods elsewhere but the bargain hunting process is invaluable.

Don't listen to the fucking brainlet, shitcoin bagholding niggers in this cesspool.

[Anonymous No.22496976]

>>22495237
Sheeit, TII was written before the Breton Woods agreement.

[Anonymous No.22497349]

What about this book?