Widely regarded as the bible of value investing, The Intelligent Investor by Benjamin Graham presents timeless wisdom on the philosophy of value investing. First published in 1949, the book outlines a long-term approach to investing that emphasizes careful analysis, discipline, and avoiding the pitfalls of speculative market trends. Graham, known as the "father of value investing," introduces the concept of "value investing" — seeking stocks that are undervalued in the market, purchasing them for less than their intrinsic value, and holding them over the long term. This approach is designed to minimize risk and maximize returns, making it an essential read for investors at all levels.
The third edition, which includes updates and commentary by Jason Zweig, a financial journalist, provides additional modern insights and clarifications on Graham's original teachings, making the book even more relevant for today's investment climate.
Why You Should Read This Book
- Provides a foundational understanding of value investing that has shaped the success of prominent investors like Warren Buffett.
- Offers practical strategies for minimizing investment risks while maximizing long-term returns.
- Introduces key concepts like "Mr. Market" and the difference between investing and speculating.
- Emphasizes the importance of emotional control and disciplined decision-making in investing.
- Essential for anyone serious about understanding the principles that guide successful, sustainable investing.
About the Authors
Benjamin Graham (1894–1976) was an American economist, investor, and author. He is best known for his book The Intelligent Investor, which has become a classic in the field of value investing. Graham's philosophy of investing with a margin of safety and his emphasis on long-term investments helped shape modern investment strategies. He was also a professor at Columbia Business School, where he mentored Warren Buffett, who would later become one of his most famous disciples.
Jason Zweig is a prominent financial journalist and author, known for his work at The Wall Street Journal and his books on investing. He has contributed additional commentary and analysis to the third edition of The Intelligent Investor, helping to modernize Graham's work for contemporary readers. Zweig is also the author of Your Money and Your Brain, a book that explores the psychology of investing.
Descriptions are sourced from publishers or third parties and are not independently verified
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