Although the performance of the PSEi could get worse before it gets better, the intelligent investor
should already be mentally prepared to buy this correction.
"The investor's chief problem--even his worst enemy--is likely to be himself," said Benjamin Graham, who authored "The Intelligent Investor
," one of the most widely read investment guides.
We are truly glad to obtain such a broad and highly intelligent investor
base with their own expectations and aspirations in respect to our future business development.
"Even the intelligent investor
is likely to need considerable will power to keep from following the crowd."
Market in his book The Intelligent Investor
to describe the behavior of the market.
This becomes abundantly clear in his first chapter, "Understanding a Person's Emotional Template," in which he offers in-depth references from a who's-who list of financial psychologists and behavioral economists, including "The Intelligent Investor
" by Benjamin Graham; "Prospect Theory: An Analysis of Decision Under Risk" by Amos Tversky and Daniel Kahneman (who won the 2002 Nobel Prize in Economics for his work); Jason Zweig's "Your Money and Your Brain"; Richard Davidson's "The Emotional Life of Your Brain"; and the work of psychologist David Kantor, "Understanding What Contributes to an Individual's Emotional Template," which is the foundation for much of White's book.
"Returns will be low, risk will be high and at some point the 'intelligent investor
' must decide that we are in a new era with conditions that demand a different approach," wrote Gross.
In any event, greater opportunities for raising capital in the SBRE market than ever before are coming to the fore, and that can be only a good thing for the intelligent investor
who wants a well-performing and truly diverse investment portfolio, and is willing to learn how to assess the new opportunities being brought into the open light for the first time in over four generations.
Favorite Book: "My favorite book on investing is The Intelligent Investor
by Benjamin Graham."
Browne (Wiley, $20), "Common Stocks and Uncommon Profits'' by Philip Fisher (Wiley, $23), "John Neff on Investing'' by John Neff (Wiley, $30) and "The Intelligent Investor
'' by Benjamin Graham (Collins Business, $23).
: an intelligent decision support system for portfolio management, Operational Research International Journal 4(3): 357-371.