Great book, I suggest you read it. You can get it from Amazon.
Product Description
The best book on investing ever written, this classic work offers sound and safe principles for investing – principles that have worked for more than the half century since the first edition was published. This revised edition features a new introduction, appendix and chapter updates.
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.
Product Details
- Amazon Sales Rank: #302 in Books
- Published on: 2003-07-01
- Released on: 2003-07-08
- Number of items: 1
- Binding: Paperback
- 640 pages
Editorial Reviews
Amazon.com
Among the library of investment books promising no-fail strategies for riches, Benjamin Graham's classic, The Intelligent Investor, offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management.
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
Barron's
"The wider Mr. Graham's gospel spreads, the more fairly the market will deal with its public."
About the Author
Benjamin Graham (1894-1976), the father of value investing, has been an inspiration for many of today's most successful businesspeople. He is also the author of Securities Analysis and The Interpretation of Financial Statements.
Customer Reviews
Ben Gragam's philosophy
I found that both Ben Graham's philosophy and Warren Buffett's philosophy are very similar to Taoism. If you are interested in this subject, you can read Warren Buffett and Tao Te Ching: A Modern Investor and an Age-Old Philosophy.
Invest in this book, invest in yourself.
With more than one million copies sold and an endorsement on the cover by Warren Buffet, you know there has to be something to this book- and I think I know why. Simply because it is the first book ever to describe the emotional framework and analytical tools necessary for financial success for individual investors.
Probably the single best book on investing written for the lay-public and the stock market bible since its first appearance in 1949, it's a great resource, although it's quite a thick book and filled with detail- and probably not for anybody but the serious stock market investor. And if getting motivated to start investing is your problem, suggest The Sixty-Second Motivator. Good luck!
Buy the orignal, not the Zweig version
As the title of this review indicates, do yourself a favour and buy the original Ben Graham version not this one with Zweig.
Let me start by saying that Warren Buffett had nothing to do with this book, the preface and appendix are extracts from the Financial Analysts Journal and transcripts of a 1984 talk at Columbia University.
The orignal Ben Graham material is mostly intact in each chapter. It is not full of calculations, so it is not difficult to read, but it is a slow and deliberate building of an argument on investing. As such people who are interested in the book for its investment advice will find it logical and sensible. Zwieg however has decided that his own footnotes are far more valuable than Graham's so he has moved Graham's footnotes to the appendix and put his notes under the original text - which is why I say that the chapters are "mostly intact", but not completely.
After each of Graham's chapters, Zweig has included a commentary chapter of his own. These chapters and his footnotes will give you the feeling that "a high school science student was commenting on the PhD work of a professor". The commentary is a weak summary, mostly devoid of any insight and sometimes making statements about what Graham "would have said", which is nothing short of egregious.
Overall, I give Graham's original chapters five stars and Zweig's additions one star, resulting in an average of 3 stars.
This book is a clear example of someone jumping on the bandwagon and trying to associate himself with prominent people like Graham and Buffett. So do yourself a favour and buy the original Graham version, that way you won't feel like Zweig suckered you into buying his book, using Graham's name.
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