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Always prioritize the preservation of capital over high returns from "summary" of The Intelligent Investor by Benjamin Graham
The primary goal of any intelligent investor should be the protection of their capital. This is essential because without capital, one cannot invest or generate returns. It is important to remember that the market can be unpredictable and volatile, making it necessary to take steps to safeguard one's initial investment. While high returns may be enticing, they often come with a higher level of risk. As Benjamin Graham wisely observed, investors should not prioritize the pursuit of high returns at the expense of protecting their capital. It is crucial to adopt a conservative approach to inves...
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