Investing has never been easier, yet more complex than today. Anyone can open an account, deposit money, and be “investing” in minutes.
But the instant that happens, they’re inundated with choices: risk tolerance, strategies, asset classes, factors, thousands of stocks, and even more funds. It makes you yearn for simplicity.
Ben Graham kept things simple. A lot of that had to do with the lack of available choices at the time.
He kept the investor classifications to a minimum. There were speculators and there were investors. And among investors, there were enterprising or defensive. The difference between the two depended on the amount of time and effort you wanted to put into investing. That was it. Continue Reading…