The Intelligent Investor
“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What is needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.”
These words came from legendary investor Warren Buffett, the best known disciple of Benjamin Graham, the author of the book and the founder of value investing. The chairman of Berkshire Hathaway said in the preface to the fourth edition of The Intelligent Investor: “I read the first edition of this book early in 1950, when I was nineteen. I thought then that it was by far the best book about investing ever written. I still think it is.”
“This book precisely and clearly prescribes the proper framework. You must supply the emotional discipline,” said Warren Buffett, known widely also as the sage of Omaha.
The Fourth Revised Edition of The Intelligent Investor, aptly described as the definitive book on value investing, is an updated version with new commentary by veteran investment writer Jason Zweig.
The Intelligent Investor by the late Benjamin Graham (1894-1976), the stock market bible ever since its original publication in 1949, is a must-have book in the library of the serious value investor.