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The Intelligent Investor

What You Will Learn

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How to Be a Defensive Investor

Benjamin Graham says any P1E above 20 is expensive. Anything below 10 is very cheap and something to go for. A defensive investor probably should get close to 50% stocks and 50% bonds. If you're going outside that range, your portfolio is out of whack. You need to rebalance close at 50-50.

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