One thought on “The Intelligent Investor”

1. 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 clearly So I [...]

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2. 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 be or 22.5.3 Bu [...]

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3. 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 key s to d [...]

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4. 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 funds i [...]

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5. 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 Warren Buffett But y [...]

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6. To be honest, the commentary and footnotes of this book were 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 up to date advice on how to invest Undoubtedly, Benjamin Graham provided the foundation for the commentary with his book, but I personally foun [...]

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7. Warren Buffet calls out, this is by far the best book on investing ever written rest other testimonials are just reiterations 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.

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8. 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 the [...]

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9. 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, I can t [...]

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10. 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 you tak [...]

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11. I d read several books about Benjamin Graham as well as articles by him in the past, but this was my first foray into reading a book authored by him It s definitely a great primer into the world of value investing and not only outlines its tenets but also their rationale Several historical examples are used to illustrate his points.One criticism for all the words spent on intrinic value, no clear cut way is proposed for its calculation, however Several proxies i.e book value, fair value, etc are [...]

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12. This is an amazing book I read it when I was 13 and what I ve learned has stuck in my head ever since It changed my whole way of thinking about the stock market and investing in general.

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13. I had high expectations from the book, which it failed to meet But then, this book is too old to have a lot of relevance now.The essence is that an intelligent investor is one who doesn t think of this as gambling Do solid fundamental, qualitative analysis rather than looking at charts Know what the company stands for And you can t beat the market Maybe if you know nothing about the stock market, then this book is for you to get an idea of what you are getting into and what to expect The first 1 [...]

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14. Wow This book is amazing It is definitely a must read for investors in stock markets It is not only a book , it is a reference.The book shows enormous efforts from GRAHAM the author, through the editions of this book.The comments by ZWEIG are extremely beneficial and was up to the standard of the original text using updated info and statistics beyond GRAHAM s times The piece written by BUFFET at the end of the book is such a wonderful one and nearly summarizes the whole idea of the book.I will u [...]

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15. I saw that Benjamin Graham was Buffet s professor at Columbia and one of his closest friends In fact Buffet named one of his kids after Graham The Intelligent Investor teaches the philosophy that Buffet learned at school and went on to find massive success with It does not teach people to ride market waves or speculate Instead it instructs those who follow its teachings to calculate the intrinsic value of companies, find the ones that are either under priced or successful, but proven to have lon [...]

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16. It s amazing that this book is still relevant after so many years Graham uses 100 years of stock market data to humble and convince you that you never know what the market will do and if you ever start thinking you do know, be careful Based on the idea that you don t know, he then builds common sense strategy for investment The newest edition as been updated with a chapter of commentary after each of Graham s original chapters that attempts to discuss how Graham s advice would have held up throu [...]

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17. Ben Graham hoped every day to do something foolish, something creative and something generous The secret to your financial success is inside yourself If you become a critical thinker and you invest with patient confidence, you can take steady advantage of even the worst bear market By developing your discipline and courage, you can refuse to let other people s mood swings govern your financial destiny In the end, how your investments behave is much less important than how you behave.All of human [...]

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18. The central Idea that I got from this book is that an Index Stock Fund outperforms other equity funds on a historical basis And sometimes it outperforms active investing too And from my wife s portfolio of 5 years, it seems to be true.The other Idea is the emotional Mr Market The stock market as a speculative investment is a zero sum game, and Mr Market plays the role of the crazy trader who trades stocks at a different price everyday Of course, the book encourages investing for the long term wh [...]

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19. I read Benjamin Graham s Security Analysis prior to reading The Intelligent Investor, and while the earlier book is much detailed and considerably longer than this one, Graham has captured all the important information here.In this book, Graham makes his opinion on technical analysis clear He notes that the one principle that applies to nearly all technical approaches is that one should buy because a stock or the market has gone up and sell because it has declined He says this is the exact oppo [...]

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20. A must read for anyone considering actively managing their own investment portfolio Out and out the best book I ve ever read on investing I highly recommend this version with forward by Warren Buffet and commentary at the end of each chapter by Jason Zweig Zweig artfully ties Graham s principals to recent events and defends value investing in modern times.Graham s central thesis is as follows An investors main goal should be to not LOSE money To do this one must understand the distinction betwee [...]

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21. The value investors Bible.If value investing had a holy book of scripture, this would be it Not only was Ben Graham s timeless investment advice unassailable, but the commentary s after each chapter by Jason Zweig were current and refreshing.While I learned and re learned many truths with this book, some of the most valuable ideas were to distinguish between investing and speculation Graham asserts that most of what is called investing today would be accurately named speculation Also his insist [...]

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22. This book is a mirror to find the kind of investor we are along with comprehensive solutions to serve our individual requirements, as it has been wisely stated in the book It requires a great deal of boldness and a great deal of caution to make a great fortune and when you have got it, it requires ten times as much wit to keep it.

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23. This is a book that has been on my reading list for a while as The reference in the investment field from a fundamental analysis perspective As Benjamin puts it in the introduction the purpose of this book is to supply, in a form suitable for the laymen, guidance in the adoption and execution of an investment policy The author makes it very clear from the beginning of the book and throughout it that his advice is addressed to investors and not speculators see excerpts below Within the investor c [...]

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24. This was the bible on investing back when it was published and not too much has changed Warren Buffet was a student of Benjamin Graham and has used a lot of his investment strategies to create his own This is a great book to give a foundation to manage your own investments, even if you don t want to do anything but know where to put your money and leave it there until you retire While I personally think that our economy is going to be less stable in the next couple decades than it has been in th [...]

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25. I ve been reading this book for ages, not because its boring or now worthwhile, but because it is so rich and detailed that I could only take it in small bites OK, and honestly, its so much easier to read escapist literature for entertainment Why is this such a good book Well, the particular edition I have, with a preface by Warren Buffet AND a preface by Jason Zwieg AND individual chapter commentaries by Jason Zwieg, gives the reader the teaching of legendary investor from an earlier time PLUS [...]

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26. Benjamin Graham was one the leading proponents of investment analysis during the 20th century among his leading acolytes is Warren Buffett and this is one of his most famous books Security Analysis Principles and Technique being the other It s a pretty helpful refresher as an investor to be reminded that you re not just buying the name of the stock, you re buying a piece of an actual business that should be evaluated thoughtfully and critically Graham s last revision of this book was done in 197 [...]

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27. Widely recommended as one of the best books on investing around, this classic did not disappoint Unlike most finance books now, there are almost no equations in this book Rather Graham sets out his thoughts and philosophy in words while providing specific examples.Many of Graham s ideas and warnings still hold sway today for example his warning about creative accounting methodologies were extremely prescient, with Enron debacle many decades later His Margin of Safety criteria is also invaluable. [...]

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28. Was recommended as a must read for getting into investing.Overall very readable some chapters get a little heavy into issues i m not really interested in, like bonds for example but overall a very good place to start.Main gist buy value, and it tells you how to identify value mostly looking at P E, growth, and dividend history don t listen to Mr Market the day to day changes of the market shouldn t affect your opinion if you ve done your research don t day trade if you aren t going to do your re [...]

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29. This is the bible of investigating There s a lot of advice in there, most of which is applicable to new and older investors You don t have to be rich to become rich, just smart and careful I would not recommend this book to someone who s completely new to the stock market and investing Read up some 101 books first and then this content will be useful Do not skip Jason s commentary as they add value with updated examples.One thing I did not like about Jason s commentary was that he used the 199 [...]

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30. I enjoyed this book, for two reasons First, it gives us the accumulated wisdom of one of the best investors ever in our markets Second, the annotations by Zweig provide some updated historical context, so that we can see how the environment has changed Graham s central point is to invest in such a way as to maintain a margin of safety against killing losses, and he outlines some methods for doing that for both defensive and enterprising investors My main, but small, complaint is that the stories [...]

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