Thursday, September 3, 2009

3 principles of investing by Benjamin Graham - the guru of Warren Buffet

According to Graham, investing consists of 3 main elements:

1) One must thoroughly analyze a company, and the soundness of its underlying business, before one buys its stock.

2) One must deliberately protect oneself against serious losses - can be achieved through diversification.

3) One must aspire to "adequate", not extraordinary, performance.

Tuesday, September 1, 2009

Thought for the Day

"More than any other time in history, man faces a crossroad. One leading to despair and utter hopelessness and the other to total extinction. Let us pray we have the wisdom to choose correctly." - Woody Allen