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 every 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
A great book on investing that provides practical, intelligent advice rooted in sound business principles, not get-rich-quick gimmicks that too many more speculative players in the... Read morePublished 10 days ago by Imran Khan
A must read for anyone serious about investing, whether self directed or through an advisor. This will inform your decisions and help mitigate risk.Published 22 days ago by BernardGrob
Smart man. Some really in depth information for me lol. But still some very useful information to take from it.Published 1 month ago by Master Blazer
Amazing book, easy to read and understand. Simple but effective conceptsPublished 6 months ago by SimbA