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The Intelligent Investor (Collins Business Essentials)

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4.26  ·  Rating details ·  37,612 Ratings  ·  1,021 Reviews
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 erro
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Paperback, Revised Edition, 623 pages
Published February 21st 2006 by HarperBusiness (first published July 1st 2003)
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Kevin Chidiac Personally i didn't read any books prior to reading this one. I just went over to www.investopedia.com, read all the basics about stocks, bonds,…morePersonally i didn't read any books prior to reading this one. I just went over to www.investopedia.com, read all the basics about stocks, bonds, commodities, trading floors(NYSE and NASDAQ chiefly), options, derivatives, etc... and in each page whenever some word was new to me i would lookup its definition and then resume reading. I've only taken one class of economics my entire life, so when i first started reading this book i couldn't understand a thing. But now i have the basic knowledge to understand - at least partially - what the author is talking about. Hope this helps :) (less)
Mazen El Senih Thanks for mentioning that, Warren Buffett's opinion is a highly ranking in considerations.

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Monica
Jun 29, 2011 rated it it was amazing  ·  review of another edition
Benjamin Graham’s last line in The Intelligent Investor sums up the entire book in his trade-mark common-sense way: “ To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.”

First published in 1949, this version that I read was re-published in 2005 with a forward written by John Bogle who started Vangard Mutual Fund. Bogle’s forward serves as a very good summary of The Intelligent Investor, highlighting key points clearl
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Kenyon Harbison
Jan 23, 2010 rated it it was amazing
Warren Buffett's pick as the greatest investment book of all time, and it really does live up to that review. Some highlights:

1) Your main goal should be to not LOSE money; so understand the distinction between 'investing' and 'speculating,' and understand that most so-called investors are actually speculators. Minimize the extent to which you are a speculator. If you go in trying to get rich quick, you'll lose.
2) To that end, trailing P/E should be less than 15 and P/E * P/B (tangible) should b
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Brent
Nov 09, 2008 rated it it was amazing
OK, the recent stock market drops scared me. I got hit by the drops in 99 and said I would never let it happen again. This time I had what I thought would be value stocks. The problem was I didn't know if I should sell or hold the stocks. So for $8 I bought a used copy of Ben Graham's book. I stopped reading my other book and read this book like crazy.

It was the best $8 ever spent. It teaches you some basics about the behavior of the market and it teaches you to be very careful. I learned some
...more
Chad Warner
Jun 20, 2010 rated it liked it  ·  review of another edition
Recommends it for: Investors
Shelves: finance, non-fiction
If you read investing books or magazines, you've undoubtedly heard of Benjamin Graham. He's considered the father of value investing, and Warren Buffett is one of his disciples. In fact, The Oracle of Omaha called this book "the best book about investing ever written."

I have to disagree with Buffett on this one, but that's because I'm a very different type of investor than Buffett. I'm a Boglehead (follower of Vanguard founder John Bogle), so I invest through broadly diversified, passive index f
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David
Nov 09, 2013 rated it really liked it
Okay, this is the book to read if you are serious about investing in stocks. Benjamin Graham's "value investing" method is the time-tested "choose 'em carefully and hold 'em" long-term strategy used by Warren Buffett. Benjamin Graham is the man that Warren Buffett calls The Man. So, you know, if you want to be rich like Warren Buffett, read this book.

... Of course it's not that easy. This book is long, dense, and dry. And even if you read and absorb every page, you're still not going to be Warre
...more
Tim Chang
Dec 02, 2012 rated it really liked it
To be honest, the commentary and footnotes of this book were more useful to me than the original content. The book in its original form is obviously outdated in terms of the specific examples it gives for ways to invest and the different companies it details. However, the commentary by Jason Zweig draws from the fundamental messages behind the book to provide more up-to-date advice on how to invest. Undoubtedly, Benjamin Graham provided the foundation for the commentary with his book, but I pers ...more
S.Ach
Warren Buffet calls out, "(this is) by far the best book on investing ever written."

……rest other testimonials are just reiterations.

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P.S. Not for traders.
P.P.S. Don't forget to read Jason Zweig's commentary after each chapter to get the current context. Most of the times, those help to understand the original text much better.
Scott Dinsmore
Jul 09, 2009 rated it really liked it
Why I Read this Book: Warren Buffet became the successful man he is today greatly as a result of what he learned from the man who wrote this book. We have the chance to read exactly what he read.

Review:

Whether you are an avid investor with a complex understanding of the markets or a beginner who is yet to start learning, there is little doubt that you have heard of Warren Buffet. He represents a level of success that very few people ever reach. Most of us know Buffet as the second richest man in
...more
Andy
Sep 03, 2008 rated it liked it
Shelves: nonfiction
The classic book on investing by the man who taught Warren Buffett. Originally written 50 years ago, and it is still relevant. The same lessons applied to specific industries and companies at the time of the writing have obvious parallels to different industries and companies today.

And there are some radical ideas, despite it's age, that fly in the face of "conventional wisdom". The most important example in my opinion was the idea of how much risk you should have in your investments:
The "risk"
...more
Chchchch
Sep 08, 2014 rated it did not like it
To be honest, I have never seen such a terrible book. I just can't imagine that this book worth nearly $22. Actually, it is too expensive for me to afford this book because it cost me almost all my pocket money. But it doesn't worth such much money. When I am reading this book, I can't see anything about investing. I even don't believe the author can speak English. There are so many stupid mistakes like spelling mistakes and grammar mistakes. And through the articles that Benjamin Graham wrote, ...more
« previous 1 3 4 5 6 7 8 9 next »
  • Common Stocks and Uncommon Profits and Other Writings
  • Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor
  • The Four Pillars of Investing
  • One Up On Wall Street: How to Use What You Already Know to Make Money in the Market
  • The Essays of Warren Buffett: Lessons for Corporate America
  • The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
  • You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
  • Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment
  • A Random Walk Down Wall Street
  • Value Investing: From Graham to Buffett and Beyond
  • Buffett: The Making of an American Capitalist
  • Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett the World's Most Famous Investor
  • Stocks for the Long Run
  • The Most Important Thing: Uncommon Sense for the Thoughtful Investor
  • The Warren Buffett Way: Investment Strategies of the World's Greatest Investor
  • The Aggressive Conservative Investor
  • Quality of Earnings
  • Capital Ideas: The Improbable Origins of Modern Wall Street
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Benjamin Graham (May 8, 1894 – September 21, 1976) was an American economist and professional investor. Graham is considered the first proponent of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book Security Analysis. Disciples of value investing include Jean-Marie Evei ...more
More about Benjamin Graham...
“The intelligent investor is a realist who sells to optimists and buys from pessimists.” 38 likes
“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” 33 likes
More quotes…