The Intelligent Investor
At one point before creating this blog, I thought that I would write a detailed summery of the famous investment book, “The Intelligent Investor”, by Ben Graham (the person who I have mentioned in previous few posts). However, after searching the web, I have found a very well done summery of the book and the full audio recording of the entire book. So I have decided not to personally write a summary of the book, but instead share with you these two very well done sources of information (one of them after all is the entire book in audio form…I can’t really top that!).
First, a summary of the book from a fantastic personal finance blog, “The Simple Dollar.”
“The Intelligent Investor: Introduction – Chapter 4″
“The Intelligent Investor: Chapter 5 – Chapter 12″
“The Intelligent Investor: Chapter 13 – Chapter 20″
Next, the entire audio recording from YouTube, starting with the first chapter of the series in the video below. Then a link to the YouTube video, so that you can view all of the subsequent chapters of the series.
“The Intelligent Investor – Audio Book Part 2 of 24″
Enjoy!
What type of degree do I need to pursue to become a real estate investor?
You don’t need any degree in particular to be a real estate investor, but it would be a good idea to become a licensed real estate agent for two major reasons. One is that it will help you gain some familiarity with buying and selling real estate and the industry in general. Secondly you can be your own real estate agent, saving you a lot of money in fees over the course of an investing career.
Remember however that most real estate is bought using debt (leverage) which indeed increases the amount of money that you can make, but it also increases the amount of money you can lose. A lot of real estate investing books are get rich quick scams. If a book doesn’t address the risk factors involved in real estate investing, don’t read it.
[...] Ben Graham was Buffett’s teacher at Columbia University while Buffett was getting his MBA. Graham was also the author of the book “The Intelligent Investor”. A book that many, including Buffett, consider to be the best book on the subject of investing ever written. (A summary of the book, and a free audio version of the book, can be found here). [...]