The Intelligent Investor REV Ed.: The Definitive Book on Value Investing

This book is so outdated it isn’t even funny. Telling you to buy stocks with low P/Es in the days of algos and fast trading is a joke. Reminds me of the saying that the market can stay irrational a lot longer than you can stay solvent. This was probably a great book back in the 30s, but in 2024 when everyone is in the market, P/Es mean nothing. Momentum moves the markets nowadays. This should be classified as a history book, not an investment book.

The book is very long and a bit hard to keep up with but it is very informative and important for investors.

Great ideas and strategies to employ but requires some market knowledge for better understanding. Suitable for any investor.

The Intelligent Investor by Benjamin Graham is a classic.  Considered by many to be the father of value investing and modern security analysis,  Benjamin Graham started working on Wall Street in 1914, a time when portfolio management was based more on unsupportable impressions and inside information.  Benjamin Graham brought a disciplined and intelligent approach to the profession.After reading The Intelligent Investor in his senior year at the University of Nebraska, Warren Buffett was so impressed that he traveled to New York to study with Benjamin Graham at Columbia University.  Warren Buffett once said that he was "15 percent (Philip) Fisher and 85 percent Benjamin Graham."  The training that Warren Buffett received from Benjamin Graham was critical to his success.  If you read this book, you'll know why.The Intelligent Investor's emphasis is on investment principles and investors' attitudes.  Several comparisons of specific securities are included to demonstrate important elements in security selection.  The book provides a guide to avoiding the loss of investment capital as well as identifying securities which are likely to provide superior returns with a margin of safety.