The hallmark of Graham's philosophy is not profit maximization but loss minimization. In this respect, The Intelligent Investor is a book for true investors, not speculators or day traders. He provides, "in a form suitable for the laymen, guidance in adoption and execution of an investment policy" (1). This policy is inherently for the longer term and requires a commitment of effort. Where the speculator follows market trends, the investor uses discipline, research, and his analytical ability to make unpopular but sound investments in bargains relative to current asset value. Graham coaches the investor to develop a rational plan for buying stocks and bonds, and he argues that this plan must be a bulwark against emotional behavior that will always be tempting during abrupt bull and bear markets.

Since it was first published in 1949, Graham's investment guide has sold over a million copies and has been praised by such luminaries as Warren E. Buffet as "the best book on investing every written." These accolades are well deserved. In its new form--with commentary on each chapter and extensive footnotes prepared by senior Money editor, Jason Zweig--the classic is now updated in light of changes in investment vehicles and market activities since 1972. What remains is a better book. Graham's sage advice, analytical guides, and cautionary tales are still valid for the contemporary investor, and Zweig's commentaries demonstrate the relevance of Graham's principles in light of 1990s and early twenty-first century market trends. --Patrick O'Kelley

Barron's
"The wider Mr. Graham’s gospel spreads, the more fairly the market will deal with its public."

The best book on investing ever written, this deluxe hardcover re-issue of the 1949 classic work offers Graham's sound and safe principles for investing - principles that have worked for more than the half century since it was first published. Beautifully packaged, this essential work will be a must-have for fans and novices alike. It also features a new Foreword by mutual fund legend, John Bogle. 

The classic bestseller by Benjamin Graham, The Intelligent Investor has taught and inspired hundreds of thousands of people worldwide. Since its original publication in 1949, Benjamin Graham's book has remained the most respected guide to investing, due to his timeless philosophy of "value investing", which helps protect investors against the areas of possible substantial error and teaches them to develop long-term strategies with which they will be comfortable down the road.

Over the years, market developments have borne out the wisdom of Graham's basic policies, and in today's volatile market, The Intelligent Investor is the most important book you will ever read on making the right decisions to protect your investments and make them a success. 

This deluxe hardcover re-issue of the original 1949 text by Graham - what Warren Buffett deems to be pure, unadulterated Graham - will feature a beautiful package that will make it an instant must-have for the many fans of Graham, and collectors everywhere, and is further enhanced by the inclusion of a new Foreword from mutual fund legend, creator of the first S&P500 index fund, and founder of The Vanguard Group, John Bogle. 

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