The Intelligent Investor: The Definitive Book On Value Investing, first published in 1949, is a critically acclaimed book on an investment approach called value investing. This edition was published by HarperCollins in 2013.
Summary Of The Book
The author of this phenomenal book is widely regarded as one of the greatest investment advisors of the twentieth century. He shares his philosophy of value investing, a concept that can protect investors from considerable errors and subsequent losses. This stock market bible advises readers to plan long term, and this revised edition contains an additionally commentary by Jason Zweig, a prominent financial journalist. He writes about the relevance of the author’s philosophies in today's market, and compares his examples to popular headlines in finance recently.
The Intelligent Investor: The Definitive Book On Value Investing commences with a preface written by Warren Buffett, and proceeds to an introduction by the author, elaborating on what this book can accomplish for you. Thereafter, the text is segregated into twenty chapters like Convertible Issues and Warrants, Shareholders and Managements: Dividend Policy, Investing in Investment Funds and The Defensive Investor and Common Stocks, to name a few. The author uses popular allegories to explain his concepts. For example, Mr. Market is used to exemplify the fluctuations of the stock market and to teach the reader to reap profits from market follies as opposed to being active participants in it.
A great book written for every stockholder, The Intelligent Investor: The Definitive Book On Value Investing was one of the first books that narrated the possible implementation of financial analysis to stock investments. Warren Buffett defines it as one of the best investment books ever written.
About Benjamin Graham
Benjamin Graham, born in 1894, was a British author and investor.
He has authored Security Analysis, Storage and Stability: A Modern Ever-normal Granary, World Commodities and World Currency, The Interpretation of Financial Statements and Benjamin Graham, The Memoirs of the Dean of Wall Street.
Born in London, Graham relocated to the city of New York with his family at the age of one. After graduating from Columbia University, he started the Graham-Newman Partnership on Wall Street. He has influenced personalities like Warren Buffett, Walter J. Schloss and William J. Ruane, and is popularly referred to as the Dean of Wall Street. His first book, Security Analysis, was published in 1934. Graham passed away in 1976, at the age of 82.