The Intelligent Investor

About

The Intelligent Investor by Benjamin Graham is a seminal work on value investing, offering timeless advice on how to invest wisely and avoid common pitfalls. First published in 1949, it remains a foundational text for investors seeking long-term success. Graham's approach emphasizes understanding the intrinsic value of companies and purchasing stocks at prices below this value, thereby providing a margin of safety against potential losses. This strategy is designed to shield investors from market volatility and speculative trends. The book teaches investors to differentiate between investment and speculation, focusing on the underlying business fundamentals rather than market fluctuations. It advises against overpaying for stocks and encourages patience and discipline. Graham's principles have influenced many successful investors, including Warren Buffett, who praises it as the best book on investing ever written. The book's wisdom remains relevant today, providing practical guidance for both beginners and seasoned investors looking to adopt a value-based investment strategy.