The Intelligent Investor, 3rd Ed.: The Definitive Book on Value Investing

The Intelligent Investor, 3rd Ed.: The Definitive Book on Value Investing

Published: 10/22/2024
4.7170 reviews
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Summary

Argues against 'beating the market' and advocates for long-term investment in diversified index funds, explaining the efficient market hypothesis and critically analyzing investment fads.

Description

75th Anniversary Edition The classic work on investing, filled with sound and safe principles that are as reliable as ever, now revised with an introduction and appendix by financial legend Warren Buffett—one of the author’s most famous students—and newly updated commentaries on each chapter from distinguished Wall Street Journal writer Jason Zweig. “By far the best book about investing ever written.”—Warren Buffett Since its original publication in 1949, Benjamin Graham’s revered classic, The Intelligent Investor , has taught and inspired millions of people worldwide and remains the most respected guide to investing. Graham’s timeless philosophy of “value investing” helps protect investors against common mistakes and teaches them to develop sensible strategies that will serve them throughout their lifetime. Market developments over the past seven decades have borne out the wisdom of Graham’s basic policies, and in today’s volatile market, The Intelligent Investor remains essential. It is the most important book you will ever read on making the right decisions to protect your investments and make them grow. Featuring updated commentaries which accompany every chapter of Graham’s book—leaving his original text untouched—from noted financial journalist Jason Zweig, this newly revised edition offers readers an even clearer understanding of Graham’s wisdom and how it should be applied by investors today. Read more

Level
Easy to read and follow, not too technical, accessible and easy to understand, plain-English explanations.
Core Concepts
Efficient Market Hypothesis
Index Funds
Diversification
Long-Term Investing
Risk and Return
Tax-Smart Investing.
Skills You'll Develop
Understanding investment principles, critical thinking, financial literacy, developing a long-term investment strategy.
Relevance to Finance Areas
Investment Management
Personal Finance
Financial Markets
Behavioral Finance.
Real-World Application
Direct real-world application for retirement planning and general investing, helps make informed decisions and avoid pitfalls.