Books : The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
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Type of bind: Paperback
Dewey Decimal Number: 332.678
EAN num: 9780060555665
ISBN number: 0060555661
Label: HarperBusiness Essentials
Manufacturer: HarperBusiness Essentials
Quantity: 1
Page Count: 640
Printing Date: July 01, 2003
Publishing house: HarperBusiness Essentials
Release Date: July 08, 2003
Sale Popularity Level: 211
Studio: HarperBusiness Essentials
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Editor's Notes and Comments:
Amazon.com:
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 very 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 very 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.
User popularity level:
Rated by buyers 
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This book has some great chapters that can be used to create a good stock screen to purchase value stocks. One point in this book that I found very valuable is this: No matter if you are in a bull market or not always keep at least 30% of your funds in cash or bonds. This at least saves some of your cash if the market turns around and heads lower. Think of the Nov 2007 to March 2008 downturn. Many people fully invested in at least stock founds in 401ks (that did not sell) lost up to 20%. How long will it take the old "buy and hold" to recover from that?
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Rated by buyers 
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This is the very first book written on the subject of describing/detailing life cycles of stocks/mutual funds and really getting into the detail so its all understood.
Rated by buyers -
An all time classic from Mr. Benjamin Graham, and still relevant to this day. If you think it is an outdated stuff, I humbly request you to think again. I have read quite a lot of books on investment and none I found come closer to this one, whether you consider the philosophy or the practical implementation.
You may not believe me, and I am not asking you to do so. I am only requesting you to read this book once before you start investing, then go ahead in the world of investing.
When you think you have made somekind of mistake in investing, go back and read the book again, and I can say 99% of time you will find something in this book which if you have followed, would have avoided the mistake. It's a personal experience.
Rated by buyers -
I feel retarded reading this book.
Seriously, I know a good deal more than the average about the market...but I am not a savvy investor. I would not advise people like me to get too into this book. Maybe start with a Motley Fool book or Peter Lynch.
I really really enjoy the footnotes by Jason, and also the commentary in between chapters, it speaks in a much more reader friendly tone.
Obviously this is "The Book on Investing" so maybe I'll re-read it later in hopes of getting more out of it.
Rated by buyers -
Graham's viewpoint is based on Amrican stock market, but very useful in emerging markets too. Though rarely heard in Taiwan, Mr. Graham has inspired me in making smart investment in the local stock market. I, for the last two years, have been going over this book and surprisingly find how insightful Graham are in looking at the basic human nature in the market. Attitude, rather than the principles of choosing stocks, is what I think Graham contribute to me in making my own investment. My incestment is growing, no matter how hard the time has been. Fear for the inexplicable stock market is the core of this book and is the most precious part. Ch.8 and Ch20, as Warren Buffett recommended, are those most worthy of reading, and they make me and my portfolio stronger every day, even in bear market. Discussions on mutual fund (CH9) keeps me away from losing money. Principles on how to choose stocks generate real money for me. I am not reading this book to be second Warren, I am reading it to be a rich long-term investor, which I am now feeling more possible than before I read it.
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