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THE INTELLIGENT INVESTOR

Benjamin Graham

 

Subtitle: The Definitive Book on Value Investing, Harper, N.Y., revised edition, 2003, 623 pgs., index, end notes, appendices, paperback

 
 

Reviewer comments: This new edition has extensive, valuable commentary by Jason Zweig which adds much information relatiive to the significant changes in markets since the date of the original publication in 1973. The commentary follows each chapter. The author was Buffett's teacher at Columbia and his mentor in developing Buffett's remarkable investment success. It is unversially recommended as the basic text that all investors should study. But this excellent commentary also is now somewhat dated, since so much has happened in the whole financial industry since 2003 and especially since the financial diaster of 2008.

 
 

Two books are insider commentary on these changes Henry Kaufman - Techtonic Shifts in Financial Markets and John Kay - Other People's Money and George Selgin - Floored!, How a Misguded Fed Experiment Deepend and Prolonged the Great Recession

 
 

Preface to Fourth Edition by Warren Buffett

 
 

Note About Benjamin Graham by Jason Zweig

 
 

Introduction: What This Book Expects to accomplish

 
 

Commentry of the Introduction

 
 

Chapter 1 - Investment versus Speculation: Results to Be Expected by the Intelligent Investor

 
 

Chapter 2 - The Investor and Inflation

 
 

Chapter 3 - A Century of Stock-Market History

 
 

Chapter 4 - General Portfolio Policy - The Defensive Investor

 
 

Chapter 5 - The Defensive Investor and Common Stocks

 
 

Chapter 6 - Portfolio Policy for the Enterprising Investor: Negative Approach

 
 

Chapter 7 - Portfolio Policy for the Enterprising Investor: The Positive Side

 
 

Chapter 8 - The Investor and Market Fluctuations

 
 

Chapter 9 - Investing in investment Funds

 
 

Chapter 10 - The Investor and His Advisers

 
 

Chapter 11- Security Analysis for the Lay Investor

 
 

Chapter 12 - Things to Consider About Per-Share Earnings

 
 

Chapter 13 - A Comparison of Four Listed Companies

 
 

Chapter 14 -Stock Selection for the Defensive Investor

 
 

Chapter 15 -Stock Selection for the Enterprising Investor

 
 

Chapter 16 -Convertible Issues and Warrants

 
 

Chapter 17 - Four Extremely Instructive Case Histories

 
 

Chapter 18 - A Comparison of Eight Pairs of Companies

 
 

Chapter 19 - Sharholders and Managements: Dividend Policy

 
 

Chapter 20 -"Margin of Safety" as the Central Concept

 
 

Postscript

 
 

Appendixes

 
     

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