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Subtitle: The Definitive Book on Value
Investing, Harper, N.Y., revised edition, 2003, 623 pgs., index, end notes,
appendices, paperback
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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.
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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
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Preface to Fourth Edition by Warren Buffett
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Note About Benjamin Graham by Jason Zweig
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Introduction: What This Book Expects to
accomplish
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Commentry of the Introduction
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Chapter 1 - Investment versus Speculation:
Results to Be Expected by the Intelligent Investor
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Chapter 2 - The Investor and Inflation
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Chapter 3 - A Century of Stock-Market History
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Chapter 4 - General Portfolio Policy - The
Defensive Investor
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Chapter 5 - The Defensive Investor and Common
Stocks
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Chapter 6 - Portfolio Policy for the
Enterprising Investor: Negative Approach
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Chapter 7 - Portfolio Policy for the
Enterprising Investor: The Positive Side
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Chapter 8 - The Investor and Market
Fluctuations
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Chapter 9 - Investing in investment Funds
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Chapter 10 - The Investor and His Advisers
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Chapter 11- Security Analysis for the Lay
Investor
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Chapter 12 - Things to Consider About
Per-Share Earnings
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Chapter 13 - A Comparison of Four Listed
Companies
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Chapter 14 -Stock Selection for the Defensive
Investor
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Chapter 15 -Stock Selection for the
Enterprising Investor
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Chapter 16 -Convertible Issues and Warrants
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Chapter 17 - Four Extremely Instructive Case
Histories
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Chapter 18 - A Comparison of Eight Pairs of
Companies
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Chapter 19 - Sharholders and Managements:
Dividend Policy
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Chapter 20 -"Margin of Safety" as
the Central Concept
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Postscript
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Appendixes
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