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Product Summary
The Intelligent Investor, Fourth Edition

The Intelligent Investor

by Benjamin Graham
Guide Rating -
Pros "By far, the best book on investing ever written." - Warren E. Buffett
Gives concrete examples from real companies to show the reader what (and what not) to look for in a stock.
Covers everything from bonds to stocks to mutual funds.
Cons You should have a basic understanding of investing before reading this book. The author assumes you have a working knowledge of stocks and bonds and seeks to build upon it.
The Bottom Line - Whether you are a passive investor, or want to role up your sleeves and dive into the market, Ben Graham's Intelligent Investor has just what you are looking for. Graham is arguably the greatest investment philosopher of all time, acting as mentor to billionaire Warren Buffett, as well as scores of other money managers on Wall Street and abroad. In the fourth edition of his masterful treatise, Graham works his way through concrete examples of real businesses and stocks, explaining step by step what the "intelligent investor" should look for - and what to avoid. No matter how you cut it, you should own a copy of each edition.

Guide Review
In 1934, in the midst of the great depression, Benjamin Graham published the first edition of The Intelligent Investor. In it, he maintained that the average investor could learn to analyze a company and arrive at its "real" value. By paying less than the calculated "real" value, an investor was sure to make a profit. It was a bold move at the time. Common stocks were thought to be one step removed from gambling and reckless speculation; to maintain that they could actually be investments was thought to be absurd.

Almost seventy years later, The Intelligent Investor still stands as one of the cornerstones of value investing. It has been through several editions and reprints, each slightly different and worth owning.


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