Stock-Market on SummaryShelf

The Intelligent Investor

Wed, 19 Jul 2023 00:00:00 +0000

The line between investing and gambling comes down to two habits. First, you pay meaningfully less for a business than it’s actually worth. Second, you treat the market’s price swings as someone else’s mood rather than a verdict on that worth. Do both and your protection comes from the pricing cushion—Graham’s famous “margin of safety”—not from any talent for predicting the future, which nobody reliably has.

1929

Mon, 20 Apr 2026 00:00:00 +0000

Debt runs underneath every financial collapse, and 1929 is the clearest case study we have. Through the boom years, ordinary Americans bought cars, radios, and stocks the same way—on credit—and the country’s most trusted bankers didn’t just permit it. They built the machine, greased it, and talked people into climbing aboard. When the market finally broke that October, the men who had profited most spent years insisting it was nobody’s fault, until a Senate prosecutor proved otherwise and Congress rewrote the rules of American banking.

The Simple Path to Wealth

Thu, 23 Jul 2026 00:00:00 +0000

Spend less than you earn. Avoid debt. Invest the surplus in a low-cost total stock market index fund. Then leave it alone and let it compound. That’s the whole thing. Collins wrote it first as a series of letters to his daughter, Jessica, because he wanted her path to money to be smoother than his own, which took decades and plenty of hard knocks. Everything the financial industry sells you — the complex products, the active managers, the confident forecasts — exists to profit the people who create it, not you. Sound investing isn’t complicated. Complexity is the story someone tells to get between you and your money.