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Binding: Paperback
Dewey Decimal Number: 332.678
EAN: 9780060555665
Edition: Revised
ISBN: 0060555661
Label: Collins Business
Manufacturer: Collins Business
Number Of Items: 1
Number Of Pages: 640
Publication Date: July 01, 2003
Publisher: Collins Business
Release Date: July 08, 2003
Studio: Collins Business
Alternate Versions: Click to Display
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Editorial Review:
Amazon.com Review:
Among the library of investment books promising no-fail strategies for riches, Benjamin Graham's classic, The Intelligent Investor, offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management.
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 ever 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
Product Description:
More than one million hardcovers sold
Now available for the first time in paperback!
The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions
The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.
Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
Average Rating: 
Rating:  -
If you lost big in 2008 it is your own fault. I lost 7.5%, I should have made 10%. READ this book carefully and follow its concepts. It is my litmus test for anybody in the investment field, if they have not read it (and probably 90% have not) I ignore their advice (or consider doing the opposite). read it follow it and you really do not need so called professional investment advice. My definition of investing is buying something for less than you think it is worth, Speculation is buying something today because you think someone will pay more for it later. Be an investor.
Rating: -
Bought this book with an eye towards value stock picking. I've read a few others, most notably Peter Lynch, and dabbled with a few thousand while keeping my savings in cash.
Graham and his commentators seem to have no agenda other than what's best for the investor. Before I got to chapter 8 he had convinced me that individual stock picking was a waste of my time. Dollar cost averaging into Index Funds and ETFs while they're cheap, balancing towards bonds when they're not; these are easy "set and forget" strategies and Graham has convinced me that they pay off.
I'll still buy a few individual stocks, just like I still like to shoot craps in Vegas. Take a small amount and be willing to lose it. For the rest of my savings I'll do the hardest thing for a "Defensive" Investor: leave it alone.
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After being a stockbroker, and starting to deal with the market when I was 18, this book makes the best sense of the thinking process for investing. I first read this when my father gave me a copy when I turned 18. It still makes a great deal of sense and is rewritten in areas with up to date examples that are pertinent for today. Get it and read it! But most of all try and practice this discipline.
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Take a deep breath. If there was ever a time to sit back and revisit some of Benjamin Graham's sage advice, this is it. Just this weekend the Wall Street Journal reported that in the ten years ended 12/31/07, the Dow never saw a 9% trading range within a single day. This year it has happened six times. What would Graham think of today's volatility? I wouldn't be so presumptuous to put words into his mouth, but if I had to guess, I think he would assert that there are pockets of opportunity for the enterprising investor who adheres to Graham's three elements of investing.
While not as academic as Security Analysis, The Intelligent Investor still does a remarkable job of explaining fundamental investment analysis concepts: risk management, valuation, investment versus speculation, margin of safety, and asset allocation, among others. But most impressive is the fact that the man who taught Warren Buffet about investing manages to discuss highly technical concepts in ... Read More
Rating: -
1. All I learn from this book till now is 'margin of safety'. Keep your investment safe, then profit. About how to keep it safe, I haven't learned from this book yet. I guess I need to read this book again and again. PS, I am not a native English speaker, and there are some many new words in the book, and how Graham speaks English is quite 60s or even older for me.
2. I read the other book 'The Interpretation of Financial Statements' of his. I feel I know more about how to analysis.
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