intelligent investor: The Classic Text on Value Investing

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Harper Collins, May 3, 2005 - Business & Economics - 304 pages
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More than one million hardcovers sold
Now 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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This is the one of the most influential book of my entire life. What Graham advocates in this book is not only how to make money though investment he educates over and over again the basic principles business: the emotional framework and analytical tools.
I don't see any reason why someone fails to make a beneficial investment who fallows throughly the principles as outlined in the book of Graham. In today's economic situation when everything changes overnight someone like myself needs to dig into his brain every word that comes out of Graham's book.
Economic situations will change over time but Graham's fundamental teachings will stay intact.
 

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Graham was a major influence in Warren Buffett's life. This book is easier to read than the other.

Contents

The Investor and StockMarket Fluctuations
21
The Investor and His Advisers
45
The Defensive Investor
55
Negative Approach
75
The Positive Side
89
Principles of Security Selection
109
General Approach
123
Stock Selection for the Defensive Investor
137
Group Studies of Earnings and Price Developments
195
Stockholders and Managements
207
A Study of StockholderManagement Relations in Two Industries
227
Conclusion
234
Margin of Safety as the Central Concept of Investment
241
Buying and Selling by Central Value Method
251
Index
257
About Benjamin Graham
265

The Pattern of Change in Stock Earnings and Stock Prices
175

Common terms and phrases

About the author (2005)

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.

Bibliographic information