The Intelligent Investor: The Definitive Book on Value Investing
$11.83
| Author(s) | |
|---|---|
| Pages |
637 |
| Format |
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| Published Date |
2003 |
The purpose of The Intelligent Investor is to supply, in a form suitable for laymen, guidance in the adoption and execution of an investment policy. Comparatively little will be said here about the technique of analyzing securities; attention will be paid chiefly to investment principles and investors’ attitudes.
Introduction:
We shall, however, provide a number of condensed comparisons of specific securities chiefly in pairs appearing side by side in the New York Stock Exchange list in order to bring home in concrete fashion the important elements involved in specific choices of common stocks. But much of our space will be devoted to the historical patterns of financial markets, in some cases running back over many decades. To invest intelligently in securities one should be forearmed with an adequate knowledge of how the various types of bonds and stocks have actually behaved under varying conditions some of which, at least, one is likely to meet again in one’s own experience.
No statement is more true and better applicable to Wall Street than the famous warning of Santayana: “Those who do not remember the past are condemned to repeat it.”
Contents:
- Investment versus Speculation: Results to Be Expected by the Intelligent Investor
- The Investor and Inflation
- A Century of Stock-Market History: The Level of Stock Prices in Early 1972
- General Portfolio Policy: The Defensive Investor
- The Defensive Investor and Common Stocks
- Portfolio Policy for the Enterprising Investor: Negative Approach
- Portfolio Policy for the Enterprising Investor: The Positive Side
- The Investor and Market Fluctuations
- Investing in Investment Funds
- The Investor and His Advisers
- Security Analysis for the Lay Investor: General Approach
- Things to Consider About Per-Share Earnings
- A Comparison of Four Listed Companies
- Stock Selection for the Defensive Investor
- Stock Selection for the Enterprising Investor
- Convertible Issues and Warrants
- Four Extremely Instructive Case Histories
- A Comparison of Eight Pairs of Companies
- Shareholders and Managements: Dividend Policy
- “Margin of Safety” as the Central Concept of Investment
The Intelligent Investor By Benjamin Graham pdf
8 reviews for The Intelligent Investor: The Definitive Book on Value Investing
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Kenzie Doyle (verified owner) –
If you’re looking to make money in stocks, then maybe an old book on that topic may do the trick, yet likely it will not. If you would like a lesson on historical stock prices and how things were done many decades ago, then this book will inform you of just that. Use it as a primer but not as an infallible bible to riches. It doesn’t work that way anymore. (Well, it hasn’t made me rich yet).
Miles McKinney (verified owner) –
Graham puts thing simply with good examples from the past. Though his examples are outdated, the principles remain the same. The commentary chapters try to show more modern examples that are more relevant to the modern investor and usually hit the mark. I am sincerely glad that I read this book.
Valeria Woods (verified owner) –
Stuffy, antiquated and waaaaay to long. I’m sure this book was the holy Grail in the 1950’s but… I’m a nope
Gwendolyn Lozano (verified owner) –
A very interesting book, its full of learning guides the Godly way. Highly recommended
Kashton Chen (verified owner) –
No one ever claimed with much success that investing in the stock market was a sure thing. This book will definitely make you a more intelligent investor than if you never read it. You can learn a lot from other people positive and negative experiences. In this book, there are lessons learned that will benefit you and improve your chances of becoming a profitable intelligent investor.
Zion Taylor (verified owner) –
It may take you as long to read it. And while I have not read this book from front to back, I have ensured that I have spent time understanding what is in it. And for those of us who truly believe our calling is to work in some aspect of securities, then laying this book down as a foundation of study should be a priority.
This book is academic and lengthy. It is a study of a man’s work in value investing over the course of a lifetime. And if you read it and study it at length, its power may become yours.
Kamilah Collins (verified owner) –
It’s a good read, educational
Sofia Chan (verified owner) –
As old as the book is, it is still relevant to today’s investors, narration can be tedious.