The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham, Jason Zweig Summary and Reviews
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Book Reviews of The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
Book Review: Tough going but Worth It!
Summary: 5 Stars
I probably shouldn't weigh in quite yet since I'm only halfway through this big book, but even though I know next to nothing about the stockmarket, I find if I just go slowly, read a section at a time, I'm getting it. Also, Jason Zweig's commentaries on each chapter and his annotations are extremely helpful. If you really want to invest in the market, I think this book is a must read even if you hire a firm to do it for you.Book Review: The intelligent Investor
Summary: 5 Stars
I had a good experience purchasing this product. It arrived in a timely manner; actually even faster than I expected. It was in great condition and helped me save a lot of money; if I had to purchase from somewhere else.Book Review: Only 4 because of the comments
Summary: 4 Stars
This book is very good if you are interested in bond and stock investments. Gives you lots of advices. The first chapters are a bit boring, because of all the talk about ancient enterprises... The comments by some Zweig guy are absolutely stupid and boring, and are only there to add weight to the book. 4 StarsBook Review: Excellent for coverage of the basics
Summary: 4 Stars
I unfortunately first entered the stock market in the frenzy of the 1990s. I felt brilliant as my stock picks skyrocketed and like an idiot when they collapsed. The second adjective more accurately described what I knew about investing. I had heard about this book for some time and finally got around to reading it. It provides a common sense, basic approach to investing. Benjamin Graham writes in the gentlemanly style of the early twentieth century and covers a lot of fundamental topics. His passages are a bit dated and can by dry at times. Jason Zweig produces updated commentaries on each chapter in the more cynical and fast-paced style of the present era. He can be brutal in his criticisms of celebrity investors and advisors. Overall it is an excellent book that should be part of an investing library, but other books are out there that give the same sound advice in a more compact form.Book Review: Buffet says its the best investment book ever. Need I say more?
Summary: 5 Stars
Congratulations! If you are thinking of buying this book, chances are that you are serious about the investing. If you are very new to investing then this book is not for you just yet. I would recommend you to read the books that warn you about the risks of stock picks and about the efficient market theory. You must enter in stock market with utmost caution and suspicion because ease of investment has somehow watered down the understanding of the risk involved in the stock market.
This book is written by the dean of value investment field. Now a days almost all money managers call themselves value investors but after reading this book you would be able to separate the wheat from the chaff. Many people have criticized the book to be archaic but they are probably the same people who heralded the dot com bubble as the dawn of the "new era". The book is timeless and is as relevant today as it was in the past. Of course the book does not tell you about the fancy investment vehicles such as options and futures but what it tells you is the most important lesson in business not just in investing. It is the lesson of discipline and value. Ben Graham has shared his observation over several decades in the book. He goes on to show the cyclical nature of the economy and then demonstrates that disciplined approach to value investing with enough margin of safety is the only way of making money in stock market. It is easier said than done because with the intention of following the "buying low and selling high", most people end up doing exact the opposite. This is why Mr Graham said "The worst enemy of an investor is well, himself". This is where the discipline comes into the picture. Mr Graham goes on to show the consequences of not following the discipline. On a personal note, I have faced the consequences of not following the discipline.
In the end I would say if you have read this book once, you should read it once every year.
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