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The Intelligent Investor

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The Intelligent Investor by Benjamin Graham List Price: £12.99
Amazon UK Price: £8.28

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Customer Reviews:
Classic Value Investors
This is a great book for value investors. I agree with Warren Buffett, who said that Chapter 8 and 20 are the most important chapters. Chapter 8 talks about how investors should behave during market fluctuations, and Chapter 20 talks about the margin of safety.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

Would be better without Jason Zweig's bit
I totally agree with one of the other reviews on this page. Graham's bits are outstanding, but the book overall is ruined by Jason Zweig's commentaries. I realise some may argue that I should just skip those, however it means you spend all of your time skipping chapters and reading half-filled pages that are padded out with loads of footnotes.

I eventually gave my copy to a charity shop and bought the original 1949 edition and really enjoyed it. It's just shame that you can't get the later edition in its original format.

One advantage the original book has is - for those that like firm guidelines - it sets out example criteria for picking stocks and is a far more practical version. The downside is there are chapters on bonds that no longer relevant.

A classic to own
I consider this book and edition a must-have and the most useful book I ever read on investing. Graham's parts are very well written and his arguments are easy to follow. Some of the examples, trading related comments and tax considerations are very specific for mid 20th century U.S., but not too much so to make the text hard to follow (I'm from Sweden).

The "Graham and Doddsville" speech from Buffett is great, but available on-line.

Jason Zweig's comments are a mixed bag, just like someone commented here, but I wouldn't want to leave them out. Sometimes he succeeds in bringing Graham's argumentation into a modern context, and to provide more recent examples. But sometimes he gets a bit repetitive with the dot.com remarks, and sometimes he strays a bit too far from Graham's views and adds opinions that even contradicts them.

Value for Money
It is worth buying. Warren Buffett is one of the early students of the author. He did what the book says and become the most successful investor. I recommend this book for anyone who wants to learn investment and finance. Even you are interested and don't anything yet, don't worry. Once upon a day, Warren Buffett knew nothing about investment.

Great book
A wondeful book to read although it takes time, before one enters into the world of investing as it teaches sound principles which one can refer back to in times of confusion. Probably a book to keep re-reading through ones investing career.


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