SECURITY ANALYSIS - BONDS & PREFERRED STOCKS (BY BEN GRAHAM)
The Swedish Investor 17:46
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The bible of value investing. This is the final part of my summary of Security Analysis – Benjamin Graham & David Dodd’s legacy to up-and-coming investors. Here, we’ll cover bonds and preferred stocks.
A playlist that will help you in mastering Benjamin Graham’s art of Value Investing: http://bit.ly/2Txvxgd
Top 5 takeaways from Benjamin Graham’s Security Analysis:
00:00 Intro
00:38 1. The selection of fixed-value investments: Corporate Bonds
05:30 2. The selection of fixed-value investments: Preferred stocks
07:49 3. Senior securities of inadequate safety
10:06 4. Senior securities with speculative privileges
13:41 5. Switching
TL;DW:
- Bonds of investment grade can be found by insisting that minimum quantitative standards should be met, under depressed circumstances
- Preferred shares are inferior to bonds as fixed-value investments in their form, but you can still find such issues. You do it by increasing your quantitative threshold.
- Senior securities of inadequate safety should meet the same requirement as when investing in common stocks, and in addition, they must be priced at least 30% lower than par
- The attractiveness of senior securities with participation rights should primarily be evaluated from a terms-perspective, and the investor wants too see high profit-sharing to investment, a price close to a realizable profit, and a long duration
- In times of market turmoil, mathematically demonstratable evidence sometimes presents itself which allows the investor to switch from one security to another with confidence
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.
As an Amazon Associate I earn from qualified purchases.
The bible of value investing. This is the final part of my summary of Security Analysis – Benjamin Graham & David Dodd’s legacy to up-and-coming investors. Here, we’ll cover bonds and preferred stocks.
A playlist that will help you in mastering Benjamin Graham’s art of Value Investing: http://bit.ly/2Txvxgd
Top 5 takeaways from Benjamin Graham’s Security Analysis:
00:00 Intro
00:38 1. The selection of fixed-value investments: Corporate Bonds
05:30 2. The selection of fixed-value investments: Preferred stocks
07:49 3. Senior securities of inadequate safety
10:06 4. Senior securities with speculative privileges
13:41 5. Switching
TL;DW:
- Bonds of investment grade can be found by insisting that minimum quantitative standards should be met, under depressed circumstances
- Preferred shares are inferior to bonds as fixed-value investments in their form, but you can still find such issues. You do it by increasing your quantitative threshold.
- Senior securities of inadequate safety should meet the same requirement as when investing in common stocks, and in addition, they must be priced at least 30% lower than par
- The attractiveness of senior securities with participation rights should primarily be evaluated from a terms-perspective, and the investor wants too see high profit-sharing to investment, a price close to a realizable profit, and a long duration
- In times of market turmoil, mathematically demonstratable evidence sometimes presents itself which allows the investor to switch from one security to another with confidence
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.
Category (YouTube): Education
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