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The hallmark of Graham's philosophy is not profit maximization but loss minimization. In this respect, The Intelligent Investor is a book for true investors, not speculators or day traders. He provides, "in a form suitable for the laymen, guidance in adoption and execution of an investment policy" (1). This policy is inherently for the longer term and requires a commitment of effort. Where the speculator follows market trends, the investor uses discipline, research, and his analytical ability to make unpopular but sound investments in bargains relative to current asset value. Graham coaches the investor to develop a rational plan for buying stocks and bonds, and he argues that this plan must be a bulwark against emotional behavior that will always be tempting during abrupt bull and bear markets.
Since it was first published in 1949, Graham's investment guide has sold over a million copies and has been praised by such luminaries as Warren E. Buffet as "the best book on investing ever written." These accolades are well deserved. In its new form--with commentary on each chapter and extensive footnotes prepared by senior Money editor, Jason Zweig--the classic is now updated in light of changes in investment vehicles and market activities since 1972. What remains is a better book. Graham's sage advice, analytical guides, and cautionary tales are still valid for the contemporary investor, and Zweig's commentaries demonstrate the relevance of Graham's principles in light of 1990s and early twenty-first century market trends. --Patrick O'Kelley --This text refers to an alternate Paperback edition.
I'd recommend this book to anyone wanting to understand the basics of value investing.
You will also see that the author has enough information to fill out the pages of the book rather than repeating every fourth sentence just to make it to the end.
Benjamin Graham is known as the Father of Value Investing and was the mentor of Warren Buffett, the most successful investor of all time.
KInd of out of date. Graham's prose style is from a different generation and kind of hard to read. A lot of the examples are hard to relate to. Read morePublished 6 days ago by David Y. Tay
After reading this book you'll find yourself fall into one of 2 categories - passive or active investor. Read morePublished 13 days ago by Will
Margin of safety and diversification are all you need for a defensive investor. If u have interests in being an intelligent investor, this book is a must read. Read morePublished 13 days ago by Harry