The Intelligent Investor: The Definitive Guide to Value Investing

After reading the first edition of "The Intelligent Investor" in 1950, young American entrepreneur Warren Buffett considered this work by Benjamin Graham the best ever written on investing. Years later, having become one of the largest investors in the world... with a fortune of 66 billion US dollars, Buffett has not changed his opinion, and Graham's book has gone through at least 10 reprints in the United States alone.Analyzing all aspects of developing and implementing an effective investment policy, Benjamin Graham, as one of the most authoritative economists and investors in world history, highlights the central principles of investing and the most important rules for sound investor behavior, equally relevant today and half a century ago.Moreover, the book contains a detailed analysis of issues such as the principles of optimal portfolio policy, the search for promising investment objects, probable inflation rates, as well as ways to protect against it and much more.Benjamin Graham's book "The Intelligent Investor" was published in 1949 by Harper & Row and has since been reissued every five years. "The Intelligent Investor" contains not only truly invaluable advice on investing in securities but also a detailed description of unique investment approaches developed by the author himself (value investing based on current assets, entrepreneurial and protective value investing, etc.). Each chapter of the book ends with an extensive commentary on its central postulates.