The Intelligent Investor - Book Review

"The Intelligent Investor" by Benjamin Graham is a classic book on investing that was first published in 1949. It is considered a "bible" of value investing and is widely regarded as one of the most important books ever written on the subject. The book is aimed at the lay investor and provides a comprehensive guide to the principles of sound investment.

The book is divided into three parts. The first part provides an overview of the principles of value investing, including the importance of understanding the underlying value of a company and the dangers of speculation. The second part covers the various types of common stocks and bonds, and the third part provides practical advice on investment strategies and portfolio management.

Throughout the book, Graham emphasizes the importance of long-term investing, diversification, and avoiding common mistakes such as following market trends and chasing hot stocks. He also stresses the importance of understanding financial statements and the underlying business of a company.

The book has stood the test of time and is still considered a must-read for anyone interested in investing. It provides a solid foundation for understanding the principles of value investing and is a valuable resource for both novice and experienced investors.

These are some of the most well-known quotes from Benjamin Graham's book "The Intelligent Investor" a classic book on value investing.

1. "The intelligent investor is a realist who sells to optimists and buys from pessimists."

2. "Price is what you pay. Value is what you get."

3. "The stock market is filled with individuals who know the price of everything, but the value of nothing."

4. "In the short run, the market is a voting machine but in the long run, it is a weighing machine."

5. "The most important quality for an investor is temperament, not intellect."

6. "The investor's chief problem—and even his worst enemy—is likely to be himself."

7. "The future is never clear; you pay a very high price in the stock market for a cheery consensus."

8. "The stock market is a device for transferring money from the impatient to the patient."