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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.
Very technical and lots of information. But after a certain point it becomes boring and you get lost. Read morePublished 4 days ago by mp
All the information in this 60+ yr old book is ABSOLUTELY RELEVANT today. Read the forward by Warren Buffett and followed his advice about how to use the book. Read morePublished 6 days ago by J. Tash
If you want to learn about investment you have to buy this book. Period.Published 10 days ago by Jose Manuel Bonetti
This should be required reading for every high school, college student and individual who wants to know how to safely invest in stocks and bonds. Read morePublished 16 days ago by Amazon Customer