"By far the best book on investing ever written." —Warren Buffett

The definitive book on value investing, this hardcover edition feature's Benjamin Graham's original wisdom from 1949 and includes a foreword by John C. Bogle, founder of The Vanguard Group

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 Intelligent Investor, The the stock market bible ever since its original publication.

Vital and indispensable, Intelligent Investor, The is the most important book you will ever read on building a successful portfolio and reaching your financial goals.

This edition combines Graham's original text with updated commentary to provide a complete framework for investment success:

• The Margin of Safety: Learn the central concept of Graham's investment philosophy, a time-tested principle that shields investors from substantial error.
• Investment vs. Speculation: Master the critical difference between being an investor who owns a business and a speculator who bets on price-a distinction crucial for long-term wealth.
• Long-Term Portfolio Strategy: Develop the discipline to create and manage a portfolio for the long haul, ignoring market fluctuations and focusing on your financial goals.
• Investor Psychology: Discover how to control the self-destructive behaviors that prevent most investors from reaching their full potential, proving that your own character is your greatest asset.

“The wider Mr. Graham’s gospel spreads, the more fairly the market will deal with its public.”