The concept of the enterprising investor, as presented by Benjamin Graham in his book 'The Intelligent Investor', challenges traditional investment paradigms in several ways. Firstly, it distinguishes between investing and speculating, emphasizing that an enterprising investor is not someone who takes more risks but someone who devotes more time and effort to researching securities. This approach challenges the traditional 'buy and hold' strategy often associated with passive investing. Secondly, it suggests that investing can be considered equivalent to a full-time business, which contrasts with the common perception of investing as a passive income source. Lastly, it emphasizes the importance of reducing risk and protecting capital, rather than trying to 'beat the market', which is a common goal in traditional investment strategies.
This book will not teach you how to beat the market. However, it will teach you how to reduce risk,...
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