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This classic text is annotated to update Graham's timeless wisdom for today's market conditions... The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham's philosophy of value investing -- which shields investors from substantial error and teaches them to develop long-term strategies -- has made The Intelligent Investor the stock market bible ever since its original publication in 1949.Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing by Benjamin Graham

The Intelligent Investor is considered the bible of value investing and has been a cornerstone of Warren Buffett's investing philosophy.

Benjamin Graham, the father of value investing, wrote this book in 1949 and has since become a classic in the investment world. It has been revised and updated several times, with the most recent edition published in 2006.

The book is divided into four parts. The first part, "General Principles," discusses the basic concepts of value investing. Graham explains the difference between intrinsic value and market value, and he outlines the factors that affect a company's intrinsic value. He also discusses the importance of diversification and the dangers of speculation.

The second part, "Defensive Investing," provides specific strategies for investing in stocks. Graham discusses the importance of buying stocks at a discount to their intrinsic value and he provides a number of techniques for finding undervalued stocks. He also discusses the risks of investing in stocks and the importance of managing those risks.

The third part, "Aggressive Investing," discusses more speculative investing techniques. Graham discusses the use of leverage, short selling, and options. He also discusses the importance of timing the market and the dangers of trading too frequently.

The fourth part, "The Investor and the Market," discusses the relationship between the investor and the market. Graham warns investors about the dangers of emotional investing and he emphasizes the importance of staying disciplined and rational. He also discusses the importance of having a long-term perspective and the dangers of chasing short-term profits.