The Intelligent Investor by Benjamin Graham published in 1949, is a widely acclaimed book on investing. Famous investor and billionaire Warren Buffett describes it as "by far the best book on investing ever written", a sentiment echoed by other Graham disciples such as Irving Kahn and Walter Schloss. Benjamin Graham (May 8, 1894 – September 21, 1976) was an influential economist and professional investor who is today often called the Father of Value Investing and the Dean of Wall Street. ... 1949 (MCMXLIX) was a common year starting on Saturday (the link is to a full 1949 calendar). ... Investment is a term with several closely related meanings in finance and economics. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...

The book, now in its 4th Revised Edition (1973), contains a preface and appendix by Warren Buffett and commentary by Jason Zweig. To meet Wikipedias quality standards, this article or section may require cleanup. ...

Mr. Market

Graham's favourite allegory is that of Mr. Market, an obliging fellow who turns up every day at the share holder's door offering to buy or sell his shares at a different price. Often, the price quoted by Mr. Market seems plausible, but often it is ridiculous. The investor is free to either agree with his quoted price and trade with him, or to ignore him completely. Mr. Market doesn't mind this, and will be back the following day to quote another price. The point is that the investor should not regard the whims of Mr. Market as determining the value of the shares that the investor owns. He should profit from market folly rather than participate in it. The investor is advised to concentrate on the real life performance of his companies and receiving dividends, rather than be too concerned with Mr. Market's often irrational behaviour. An allegory (from Greek αλλος, allos, other, and αγορευειν, agoreuein, to speak in public) is a figurative mode of representation conveying a meaning other than and in addition to the literal. ... A market is, as defined in economics, a social arrangement that allows buyers and sellers to discover information and carry out a voluntary exchange. ... A shareholder or stockholder is an individual or company (including a corporation), that legally owns one or more shares of stock in a joint stock company. ... Look up share on Wiktionary, the free dictionary. ...

Publications

• The Intelligent Investor: re-issue of the 1949 edition Benjamin Graham. Collins, 2005. ISBN 0060752610
• The Intelligent Investor: revised 1972 edition Benjamin Graham, Jason Zweig. Collins, 2003. ISBN 0060555661

See also

• Security Analysis

Security Analysis, written by Benjamin Graham and David L. Dodd in 1934, is an influential book on the subject of financial analysis and fundamental analysis. ...

External links

• OzRes.com - Brief summary in progress