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Li Lu: You Must Know Your Business Inside Out

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Rupert Hargreaves
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“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” -- Benjamin Graham

One of the biggest mistakes investors can make is not understanding the business they're buying into. As the godfather of value investing, Benjamin Graham tried to teach the world, a share is part of a business, it's not a lottery ticket. Would you buy a coffee shop hoping to flip it at a higher price without looking at the company, understanding how it works and if it's profitable? Of course not, so why would you do the same with a share?

 

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

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