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Product Details
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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 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
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Most helpful customer reviews
26 of 30 people found the following review helpful
2.0 out of 5 stars
Classic book, but annoying commentaries,
By A Customer
This review is from: The Intelligent Investor: The Definitive Book on Value Investing (Paperback)
I was deciding between getting this edition or the more expensive hardbound edition (which does not contain the Jason Zweig commentaries). I naturally thought, why not go for the cheaper one and get the commentary for free? After all, I could just ignore the commentary if it doesn't help.Bad bad choice. It was like choosing between a Beethoven CD and the same CD but with free shrieking commentary by a Damon Wayans movie character during and in between each symphony. Zweig's writing when inserted between Graham's is like the annoying paperclip in MS Office, except there is no way to turn it off. He's in the footnotes (virtually every page!), he's in between every chapter. Open the book at a random page, and most likely you'll open it to a Zweig page. The content and style of his writing feels condescending and contrasts so much with Graham's. When reading Graham you have elegant timeless prose by a humble, wise man who makes you feel he is sincerely interested in your well-being. By contrast, Zweig feels like someone who wants to impress you with his word plays, and puns. He really should have attempted to recede into the background and limited his voice. I would recommend everyone to just buy the hardcover edition. Buy Graham only. If you cannot read Graham, Zweig will only help marginally, and you still need to verify his comments against other contemporary Graham commentators. Get another book. If you *can* read Graham, then you do not need the commentaries in this book. Any questions you may have can be answered in thousands of sites on the net.
5.0 out of 5 stars
I love this book,
This review is from: The Intelligent Investor: The Definitive Book on Value Investing (Paperback)
I treasure this book and recommend it to all my friends. This book literally give you a step by step instruction on how to invest based on how much time you want to commit. The principle of this book have been used by many of the world greatest investor e.g Warren Buffet. It open my eyes and give me a different perspective of looking at the stock market.This book will not make you rich fast, it will not give you secret information that other don't know, it will not tell you which company will be successful. What it will do for you is teach you how to play it safe and make and beat the market. If you have self control and patient then perhaps you can use the principle outline in this book. A lot of work is involve in research and analyzing a company and its competitors, so this is not the easy way out.
5.0 out of 5 stars
Great book.,
By
This review is from: The Intelligent Investor: The Definitive Book on Value Investing (Paperback)
Great book. Very timeless. Benjamin gets it.The commentary doesn't intrude on the text and is also very well written. I definitely recommend it.
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