First published 2006
Benjamin Graham presents his value investing approach that has guided successful investors since 1949. Graham argues that investors should focus on long-term strategies rather than market speculation. He demonstrates how to analyze stocks based on their intrinsic worth, teaching readers to buy securities when they trade below their actual value. The book shows how to build a defensive portfolio that withstands market volatility. Graham explains the difference between investing and speculation, providing concrete methods for evaluating companies and their financial statements. This updated edition includes commentary by financial journalist Jason Zweig, who connects Graham's original examples to contemporary market conditions. The book offers readers practical tools for making sound investment decisions while avoiding the emotional pitfalls that lead to financial losses.
Genres: business, economics, non-fiction, finance, academic
Vibes: thought-provoking
Tropes: educational
Period: 20th-century, 21st-century
623 pages · Paperback · Harper Business