Timothy Sumer

Probably the best book out there for long term value investors is Benjamin Graham’s book, The However, the last issue is from the 1970s so I will go through the book in a series of weekly articles in order to extract what is still relevant. Believe me there is plenty of it relevant, especially in this stock market. This will allow us to compare the current market with essential value investing wisdom and perhaps improve our risk reward perspective on things. Welcome back to the Intelligent Investor series. This post reveals Graham’s stance on inflation and what the Intelligent Investor can do to maintain consistent results that protect their buying power. The preceding posts on the Introduction and Chapter 1 can be found here. The chapter begins by explaining how inflation needs to be in your considerations of not just your end investment successes , but in choosing an investment vehicle that performs best in a given inflationary circumstance. He makes note that, once agai