MI359: The Intelligent Investor w/ Shawn O'Malley

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 8 July 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, Patrick Donley (@JPatrickDonley) sits down with Shawn O’Malley, Chief Editor of our newsletter, We Study Markets, to discuss what his main takeaways were from doing a deep dive into The Intelligent Investor by Benjamin Graham. Buffett called The Intelligent Investor the most important book on investing ever written and said outside of his own father, Ben Graham was the most influential person on his life. You’ll learn what the main principles of the book that stood out to Shawn were, what an intelligent investor does that average investors don’t do, why common sense is more important than a high IQ in investing, how to apply the idea of margin of safety, how to do an intrinsic value calculation, how to benefit from the mood swings of Mr. Market, plus so much more! The Intelligent Investor by Benjamin Graham was originally published in 1949. It has remained relevant over the years due to its timeless principles and insights into the world of investing. Graham, often referred to as the "father of value investing," offers practical advice for investors of all levels, emphasizing the importance of a disciplined, rational, intelligent approach to investing and the need to distinguish between speculation and investment. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:42 - What were the main principles that stood out to Shawn in the book. 12:59 - What an intelligent investor is and what they do. 16:02 - Why common sense rather than high intelligence is what’s necessary for investing. 21:20 - What ideas from The Intelligent Investor, Shawn feels could be updated or revised. 27:31 - How to apply the idea of margin of safety in 2024. 31:58 - What an intrinsic value calculation is and how to do it. 35:23 - How to benefit from the mood swings of Mr. Market. 37:25 - What are some lesser-known nuggets of wisdom in the book. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Lawrence Cunningham's book, The Essays of Warren Buffett. Benjamin Graham's book, The Intelligent Investor. Check out How to Calculate the Intrinsic Value of a Company Like Benjamin Graham. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter | Email Connect with Shawn: Twitter | LinkedIn | Email Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.2	And we all know this intuitively, too, because of 2021's stock market and how recent of an
0:08.4	illustration of what mania in markets can look like, right?
0:11.0	You know, we saw this GameStop, AMC, Tesla, crypto, altcoins, and SPACs.
0:16.7	None of this makes a particularly compelling case for the efficient market's hypothesis being
0:22.2	believable, right? And being an intelligent investor is to recognize when markets have gotten
0:27.5	out of whack and to have the discipline to swallow your phomo and to spring into action when
0:32.9	financial asset prices are excessively discounted in a bear market on the flip side of that.
0:38.4	It's one of those things that sounds tantalizingly easy, but when you look at yourself in the mirror
0:43.4	and ask, you know, how did I respond in 2021?
0:46.5	When everyone was getting rich, trading on stock tips from neighbors and you saw people
0:51.0	getting rich on Dogecoin, did you really have the restraint to sidestep that
0:56.3	speculation?
1:00.2	Hey, guys, in this week's episode, I had the pleasure of sitting down and talking with Sean O'Malley,
1:04.9	chief editor of our newsletter We Study Markets, to discuss what his main takeaways were
1:09.6	from doing a deep dive into the intelligent
1:11.9	investor by Benjamin Graham. Buffett called the intelligent investor the most important book
1:17.1	on investing ever written and said outside of his own father, Ben Graham was the most influential
1:22.3	person on his own life. You'll learn what the main principles of the book that stood out
1:26.9	to Sean were, what an
1:28.3	intelligent investor does that average investors don't do, why common sense is more important than a high
1:34.1	IQ in investing, how to apply the idea of margin of safety, how to do an intrinsic value calculation,
	...

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