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The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
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Sales rank 237
Customers rating (based on 166 reviews)
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More than one million hardcovers soldNow available for the first time in paperback! The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949. Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles. Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
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| Publisher | Collins Business | | Release date | 07/2003 | | Availability | Usually ships in 24 hours | | Edition | Paperback |
| | List price | $21.99 | | Our price | $14.77 (you save 32.83%) | | Used price | from $9.42 |
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 The Framework of Investing
Ben Graham is a born genius! If you want to learn about stocks from anybody it would be from 4 people - Ben Graham (The Intelligent Investor), Warren Buffet, Philip Fischer (Common Stocks and Uncommon Profits), and Peter lynch (One up on Wall Street). This book contains the framework and the foundations of stock investing. If your in the market and you did not read this book GET OUT and dont go back in till you read it! This book is essential. I cant stress it more. I must warn you though, Alot of it will be very boring but hey, something just cant be simplified. There is a commentary by Jason Zweig who makes it a bit simpler and using modern day examples.
In short BUY THE BOOK!!!
 Less and less relevant
I've just taken over the management of my investment portfolio from the brainless bank that let it lose 40% of its value in 2007 - 2009.
For years I had heard of Graham as the "nec plus ultra" of all writers on investments, so this book was high on my reading list as I set to my new task.
Unfortunately, the financial markets of 1972 (when Graham wrote this book) are far different from today's, despite the chapters written by Jason Zweig (interleaved with Graham's) which try to update and explain Graham's ideas in terms of the market environment of 2003. Read in 2010, Zweig's updates also seem quite dated.
To achieve a prudent level of diversification today, most individual investors will use at least mutual funds, if not ETF's. The analysis of individual stocks is too time consuming. First one is up against professionals who do it for a living. Secondly, the complexity of today's markets for goods and services requires huge amounts of study before even looking at a company's financials. Thirdly, one should probably expect to analyse at least 20 companies before choosing one to invest in.
If one wants to undertake individual stock picking, why not read this book before turning to Graham's "Security Analysis".
If not, the purchase of a cheap second hand copy of the book can be justified, but primarily on the grounds of being able to skim it to see if one agrees with the words above.
 A Value Investing Classic
Two of the core types of investing are value and growth investing. Value investing looks to find commodities at a price lower than their value while growth investing looks to find commodities with the potential to become larger. If you're interested in learning about value investing, this is definitely a book to check out.
Originally published in 1949, the Intelligent Investor helped paved the way for value investors like Warren Buffet, who writes a preface for this revised edition. Even though II was created over 60 years ago, it's core concepts are still useful and true today.
The biggest negative about this book is that it's relatively old. It was revised by Graham as recently as 1973 and includes updates by Jason Zweig but the majority of the content in the book was written over 40 years ago. Another downside is that it can be kind of grueling to read. That often comes with this subject matter but readability would help. At any rate, despite these shortcomings, the Intelligent Investor is a core book to learn about value investing.
Timeless investing wisdom from Buffett's mentor
Warren Buffett always refers to chapters 8 and 20 on market volatility and margin of safety, so I read those with extra attention, but Benjamin Graham had a confidence of purpose and clarity of explanation that makes it easy to see why he developed such a (mostly posthumous) dedicated following. Investors (The Superinvestors of Graham-and-Doddsville for one famous example) who follow the philosophies that Graham touts in this book have become consistently successful. Classic.
A must have for a value investor
Deep dyve into investing, but clear and easy to follow. Shows a clear and logic way to approach investing in public companies that also can be used to invest in private companies
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