The Intelligent Investor: The Classic Bestseller on Value Investing [Abridged, Audiobook] [Audio Cassette]

Benjamin Graham (Author), Bill Mcgowan (Reader)

Book Description

Publication Date: December 24, 1996

"This classic text fully conveys the basic principles of [Graham's] enormously successful and popular approach . . . to . . . investing." -Money magazine

The classic bestseller by Benjamin Graham, perhaps the greatest investment advisor of the Twentieth Century, The Intelligent Investor has taught and inspired hundreds of thousands of people worldwide. Since its original publication in 1949, Benjamin Graham's book has remained the most respected guide to investing, due to his timeless philosophy of "value investing" which helps protect investors against areas of (possible) substantial error, and teaches them to develop long-term strategies with which they will be comfortable down the road.

Over the years, market developments have borne out the wisdom of Benjamin Graham's basic policies. Here he takes account of both the defensive and the enterprising investor, outlining the principles of stock selection for each, and stressing the advantages of a simple portfolio policy. This tape demonstrates that the continued success of common stocks cannot be taken for granted. Among its special features are the use of numerous comparisons of pairs of common stocks to bring out their elements of strength and weakness, and also the construction of investment portfolios designed to meet specific requirements of quality and price attractiveness.

Benjamin Graham (1894-1976), the father of value investing, was perhaps the most influential investor of all time. His books are investment classics, with The Intelligent Investor (first published in 1949) and Securities Analysis (1934) selling steadily. His life and work have been inspiration for many of today's most successful businessmen, including Warren Buffett.

Bill McGowan, a two-time Emmy award winner, has been a corespondent and anchor for several nationally syndicated television series over the past decade.

Editorial Reviews

About the Author

Benjamin Graham, the father of value investing, was perhaps the most influential investment figure of all time. His work laid the foundation of modern security analysis, and two of his books,The Intelligent Investor (1949) and Security Analysis(1934), are investment classics that remain bestsellers to this day. His Life and work have been inspiration for many of today's most successful investors, including Warren Buffett, Michael F. Price, and John Neff.

Product Details

• Audio Cassette
• Publisher: HarperAudio (December 24, 1996)
• Language: English
• ISBN-10: 0694518018
• ISBN-13: 978-0694518012
• Product Dimensions: 7.1 x 4.3 x 0.8 inches
• Shipping Weight: 7 ounces
• Average Customer Review: 3.1 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #1,449,324 in Books (See Top 100 in Books)
  • #8 in Books > Books on Cassette > Business > Investing
  • #15 in Books > Books on Cassette > Business > Personal Finance

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Customer Reviews

Most Helpful Customer Reviews

21 of 24 people found the following review helpful:

3.0 out of 5 stars Audio version, though dated, still useful, August 9, 1999

By 

[e-mail] (Tampa, Florida) - See all my reviews

This review is from: The Intelligent Investor: The Classic Bestseller on Value Investing (Audio Cassette)

The audio version of this book is fairly easy to take. The two tapes (each with two sides) can comfortably be covered in a few drives back and forth to work. While I must admit that I was disappointed when, early in the first side, the speaker announced that the most recent update to the book was in the early seventies. So their references to an expensive Dow of 800 or so is almost amusing today. I found, however, that the material was quite useful sometimes because of that perspective. We are all too often reading someone's writing today about how smart they were yesterday. It is interesting sometimes to listen to what someone thought was smart yesterday and determine if that wisdom would have held up to the present day.

Tom Kelly

10 of 11 people found the following review helpful:

5.0 out of 5 stars solid, well written, valuable resource for value investing, February 8, 1999

By 

Tax Lawyer (Little Rock, AR) - See all my reviews

This review is from: The Intelligent Investor: The Classic Bestseller on Value Investing (Audio Cassette)

While the data must be interpreted in light of today's market situation (this book was last updated in 1973) The Intelligent Investor is a solid, well written, valuable resource for those who can afford to spend time to wisely research their investments. While this book is not meant for the beginner, it does give plenty of structure to help you organize your approach to value investing. This approach has been used by many very succesful value investors including Warren Buffet. A very worthwhile read, and my personal favorite on the subject of investing.

5 of 5 people found the following review helpful:

5.0 out of 5 stars One of the best books on investing ever written, March 20, 2004

By 

daniel villars "mouten" (france) - See all my reviews

This review is from: The Intelligent Investor: The Classic Bestseller on Value Investing (Audio Cassette)

This is a must read for any person serious about investing (ie not gambling) in the stock market. The book is rather easy to read. Graham was an investor but also a teacher (at Columbia). He has a good balance between technical yet simple explanation. If you know absolutely nothing about the stock market and financials, you may still find it a bit obscure at time, but you should probably not invest directly anyway (at least not right away). For everyone else, read it.
Yes the latest edition was written in 1972. It is amusing at time to see the evolution. But actually this evolution is also part of what you learn by reading the book. You do see that some things never change (like valuing a company!), and others do change quite a bit. it gives you a nice perspective. Now the intersting part of the book is to understand the logic of Graham, less its conclusions. The conclusions date a bit. Graham used to work at a time when most corporations where industrial companies, when nowadays services are dominant for example. So take graham conclucions with a grain of salt. But do read in depth and try to understand his logic.
Value investing won't make you rich overnight. But reasonnably well done, it will avoid having you lose money, and can even open you the doors of year by year over-performance in the market. Warren Buffett and several other successfull investors have followed the approach of Graham. But as they all say, when you first read about value investing, you either understand it right away, or you never will. But trust my 15 year of investing on the stock market, you're better of understanding the value of value investing. And this book is the key to it.