The Intelligent Investor: The Definitive Book on Value Investing

On the shelves of bookstores, you will find many books that tell you how to play the stock market correctly. One question remains in the shadows - is it even worth playing in the stock market? What does an active investor lose and gain by constantly updating their portfolio, trying to account for all market trends in their strategy? The author of The Intelligent Investor has chosen a fundamentally different strategy - passive investing. The main principle of a passive investor is to buy shares of reliable companies and hold them for as long as possible. This is precisely what an index fund is for, formed from the shares of companies included in various index funds, such as the S&P 500. In other words, a passive investor invests money in the best representatives of the market. The author of the book, John Bogle, the creator of the world's first index fund, has accumulated enough statistical data to convince the reader of the advantages of this type of investing. This is an excellent book that succinctly outlines the main principles of rational, practically risk-free investing! A low-cost index fund is the most advantageous option for the vast majority of investors. My mentor, Ben Graham, spoke about this many years ago, and everything I have observed only confirmed his correctness. Why? John Bogle will tell you about this in this book.