This book sheds a refreshing light on investing by showing how a simplicity-based framework can lead to better investment decisions. It explains that complexity is often used to sell unnecessary financial products, and instead advocates for a deeper understanding of conventional options. The book provides insights on how to build a portfolio that makes sense for individual situations, exploit stock market volatility, and avoid common investment traps. It stresses the importance of having a plan, diversification, and long-term common sense in investing, and offers practical advice on separating meaningful information from the meaningless in the complex financial markets.
Written by Benjamin Graham, 'The Intelligent Investor' is a seminal work on value investing that has inspired millions since its original publication in 1949. The book emphasizes the importance of distinguishing between investing and speculation, calculating the intrinsic value of companies, and maintaining a margin of safety. The revised edition includes updated commentary by Jason Zweig, who provides modern examples and insights to help readers apply Graham's principles in today's market. Warren Buffett, a disciple of Graham, has praised the book as 'the best book about investing ever written'.
In 'Project Hail Mary', Ryland Grace, a high school science teacher, awakens on a spaceship with no memory of how he got there or his mission. He soon discovers that he is the sole survivor of a desperate mission to save Earth from a microorganism called the Astrophage, which is threatening to cause a new ice age. As Ryland regains his memories, he encounters an alien named Rocky, and together they work to solve the scientific mystery and save their respective home planets. The story blends science, humor, and heart, exploring themes of survival, discovery, and unlikely friendships[1][3][5].
On episode 419 of Animal Spirits, Michael Batnick and Ben Carlson discuss recession hypotheticals, all-time highs in the stock market, the death of the permabear, international outperformance, a crashing dollar, the automatic investing revolution, yield magicians, fast food price inflation, AI vs financial advisors, the potential for a housing market correction and more!
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Ben Carlson’s A Wealth of Common Sense
Michael Batnick’s The Irrelevant Investor
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
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