The Intelligent Investor by Benjamin Graham
The Intelligent Investor by Benjamin Graham
If you’ve ever browsed the business section at the bookstore, more than likely you passed by a copy of The Intelligent Investor. It is a classic business title that was written by one of the best value investors Benjamin Graham.
If you are at all interested in value investing, even if you just want to know what it is, you should pick up a copy of this book. It is the book to read on the topic.
It was first published in 1949 and has since been updated several times. The current edition includes commentary by Jason Zweig and a preface and appendix by Warren E. Buffett. These only add to the value of the book.
I will admit this is a long, tough read. I read about 100 pages and had to start over because I realized I had no clue what I was reading.
This is not the book you want to start with in your investing career. It is dry and tedious. You may find that you can only read a few pages at a time, or who knows, maybe you’ll be able to fly through it.
Once you know a little about investing and the stock market it will do you good to read this book. It talks about investment versus speculation, inflation, stock market history, market fluctuations, dividend policy, and margin of safety.
If you have trouble with the reading, there are footnotes on almost every page. A lot of these are also to make up for the time difference because the last time Graham revised it was in 1973.
I would definitely recommend that you eventually get around to reading the intelligent investor. It will compliment you business library as well as make you a well rounded investor.
