The Intelligent Investor
The Intelligent Investor
By Benjamin Graham
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About this book
In The Intelligent Investor, Benjamin Graham lays out the foundational principles of value investing, teaching readers how to analyze companies, assess risks, and make sound financial decisions. Drawing on decades of market experience, he emphasizes the importance of rational thinking over speculation, caution over impulse, and long-term strategy over short-term excitement. Graham’s guidance is as relevant today as it was when first published, offering timeless lessons for investors of all levels.
The book explores key concepts such as “margin of safety,” market fluctuations, and investor psychology, providing both theoretical frameworks and practical applications. Graham distinguishes between investing and speculation, helping readers cultivate a mindset that balances prudence with opportunity and protects against emotional decision-making.
Essential, rigorous, and insightful, The Intelligent Investor is more than a guide to finance, it is a manual for disciplined thinking and strategic action in uncertain markets. It empowers readers to make informed choices, minimize risk, and build wealth steadily over time.
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