Top positive review
6 people found this helpful
Not the best book on stock investing. The only book.
on October 24, 2014
This is the definitive book on value investing, and it is the only way I have found to make money in the stock market.
The ideas in this book are encapsulated in just a few pages in Buffett's 1984 essay, The Superinvestors of Graham-and-Doddsville. I stumbled across Buffett's essay online and it transformed my investing "life." That led me to Graham's book. This edition contains Buffett's essay in the appendix.
Insofar is Jason Zweig's commentary is concerned, I don't agree that the commentary does not add value to the discussion. The shift in expository style (and typeface) is at times jarring, but Zweig, writing after the tech wreck, draws useful parallels to the contemporary stock market. I think his material also helps sell the book to the younger generation (i.e. people in their early 20's) who, by virtue of their very youth, have absolutely the most to gain from Graham's approach to investing.
To a 20-something man or woman wanting to secure their financial future I would say this: it was figured out 65 years ago. The best book on the subject was originally written in 1949 and last revised in 1973, shortly before the author died. Nothing has exceeded it, before or since. The 3rd richest man in the world, who was the author's student, summarized his ideas 30 years ago.