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1. Selecting Advisors: Choose advisors who are transparent, objective, and
act in the investor's best interest.
2. Fiduciary Duty: Advisors should have a fiduciary duty to prioritize
the client's interests over their own.
3. Beware of Salesmen: Be cautious of financial advisors who are primarily
salesmen with a profit motive.
4. Avoid Conflicts of Interest: Ensure that your advisor doesn't have conflicts of
interest that could compromise their advice.
5. Stay Informed: Even when working with advisors, investors should
educate themselves about their investments and financial decisions.
Chapter 11: Security Analysis for the Lay Investor
1. Use of Financial Analysis: Graham introduces the concept of financial analysis
for lay investors, emphasizing the importance of understanding a company's financial
statements.
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