Forum Archive Index - June 2001

["D & C Adams" <davida@wave.co.nz>]

Gerry,

The following book should be of great interest to all the Buffett fans.

I have included info on it and also own a copy and highly reccommend it .If it isnt too late.

 

David

 

 

 

The Intelligent Investor : A Book of Practical Counsel
by Benjamin Graham, Warren E. Buffett (Preface)

The Intelligent Investor by Benjamin Graham is a classic.  Considered by many to be the father of value investing and modern security analysis,  Benjamin Graham started working on Wall Street in 1914, a time when portfolio management was based more on unsupportable impressions and inside information.  Benjamin Graham brought a disciplined and intelligent approach to the profession.

After reading The Intelligent Investor in his senior year at the University of Nebraska, Warren Buffett was so impressed that he traveled to New York to study with Benjamin Graham at Columbia University.  Warren Buffett once said that he was "15 percent (Philip) Fisher and 85 percent Benjamin Graham."  The training that Warren Buffett received from Benjamin Graham was critical to his success.  If you read this book, you'll know why.

The Intelligent Investor's emphasis is on investment principles and investors' attitudes.  Several comparisons of specific securities are included to demonstrate important elements in security selection.  The book provides a guide to avoiding the loss of investment capital as well as identifying securities which are likely to provide superior returns with a margin of safety.

Synopsis
The late Benjamin Graham was one of the greatest investment advisers of this century, and this reissue of his timeless classic covers all the fundamentals of value investing. Plus there's an added introduction by none other than business guru Warren Buffett.

Annotation
"The best book ever written for the stockholder."--John Train, author and investment counselor

From The Publisher
The classic bestseller by Benjamin Graham, perhaps the greatest investment advisor of the 20th century, The Intelligent Investor has taught and inspired hundreds of thousands of people worldwide. Since its original publication in 1949, Benjamin Graham's book has remained the most respected guide to investing, due to his timeless philosophy of "value investing," which helps protect investors against the areas of possible substantial error and teaches them to develop long-term strategies with which they will be comfortable down the road.

Over the years, market developments have borne out the wisdom of Benjamin Graham's basic policies. Here he takes account of both the defensive and the enterprising investor, outlining the principles of stock selection for each, and stressing the advantages of a simple portfolio policy. Among the book's special features are the use of numerous comparisons of pairs of common stocks to bring out their elements of strength and weakness and the construction of investment portfolios designed to meet specific requirements of quality and price attractiveness.

The Intelligent Investor may be the most important book you will ever read on making your investments a success.

"The Intelligent Investor is the best book ever written for the stockholder," says author and investment counselor John Train. Benjamin Graham's classic work offers sound and safe principles for investing-principles that have worked for more than forty years since the first edition was published. With an introduction and appendix by Warren Buffett, one of Graham's most famous students in investing strategy, this book takes account of both the defensive and theenterprising investor.

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

"There have been other good books written about money since 1841, but only a few hold up. The best known and most likely to make you money is The Intelligent Investor." — Andrew Tobias

"Graham ranks as this century's (and perhaps history's) most important thinker on applied portfolio investment." — John Train, author of The Money Masters

Author Biography: Benjamin Graham, the father of value investing, was perhaps the most influential investment figure of all time. His work laid the foundation of modern security analysis, and two of his books,The Intelligent Investor (1949) and Security Analysis(1934), are investment classics that remain bestsellers to this day. His Life and work have been inspiration for many of today's most successful investors, including Warren Buffett, Michael F. Price, and John Neff.
$20-24 US Hardcover new