Investment The Bible of Value Investing: Book Notes from Graham and Dodd’s “Security Analysis" The future is inherently uncertain, so we must have an adequate margin of safety.
Investment Navigating the Art of Business Valuation: Book Notes from Seth Klarman's "Margin of Safety" The Business value of a stock cannot be precisely determined. As Keynes once said, “It is better to be roughly right than precisely wrong”.
Investment How to Analyse a Business: The 5 Keys to Value Investing The first key to value investing is understanding the business: how the industry works, the company's quality, and some red flags to look out for.
Investment Where Most Investors Stumble: Book Notes from Seth Klarman’s “Margin of Safety” Warren Buffett likes to say that the first rule of investing is “Don’t lose money”, and the second rule is, “Never forget the first rule”.
