The Intelligent Investor by Benjamin Graham, updated with commentary by Jason Zweig and featuring a preface by Warren E. Buffett, is universally recognized as the definitive guide to value investing. First published in 1949 and continuously updated, this book remains a timeless manual for building wealth safely and intelligently in the financial markets.

Graham, regarded as the father of value investing and mentor to Buffett, teaches investors how to distinguish between investment and speculation, showing why discipline, patience, and a rational framework are more important than chasing trends or tips. He introduces the essential principle of the margin of safety, emphasizing the importance of buying securities at prices below their intrinsic value to minimize risk and maximize long-term returns.

The book is divided into three parts: the philosophy of investing, practical applications for both defensive and enterprising investors, and detailed case studies with real-world examples of companies and markets. Alongside Graham’s original wisdom, Jason Zweig’s modern commentary connects timeless lessons to today’s volatile markets—covering bubbles, behavioral biases, and the realities of modern financial instruments.

Through its blend of classic strategy and updated insights, The Intelligent Investor provides readers with a clear roadmap to navigate market fluctuations, manage risk effectively, and cultivate the temperament required to succeed. More than a trading manual, it is a guide to financial independence, making it an indispensable resource for anyone serious about investing.

✅ What You’ll Learn:

The fundamental difference between investing and speculating.
How to apply the principle of the margin of safety to protect capital.
Portfolio strategies for both defensive investors (low-risk) and enterprising investors (active).
How inflation and interest rates impact bonds, stocks, and real returns.
The importance of market history and cycles in shaping investment opportunities.
Techniques for analyzing earnings, dividends, and balance sheets.
Practical methods for stock selection, including case studies of real companies.
How to manage investment funds and advisers wisely.
Insights into behavioral finance, including how investor psychology drives market booms and crashes.
Timeless principles that have guided legendary investors like Warren Buffett.

💡 Key Benefits:

A classic investment bible trusted for over 70 years.
Clear, practical strategies for both conservative and active investors.
Protect your portfolio from market volatility and speculation traps.
Learn to build long-term wealth with confidence.
Updated with modern commentary by Jason Zweig.
Endorsed by Warren Buffett as “by far the best book about investing ever written.”

👤 Who This Book Is For:

Beginner investors seeking a solid foundation in value investing.
Intermediate and advanced investors looking to refine their strategies.
Long-term wealth builders who want to preserve and grow capital safely.
Traders and professionals who need to master investment discipline and psychology.
Anyone inspired by Benjamin Graham or Warren Buffett.

📚 Table of Contents:

Introduction: What This Book Expects to Accomplish
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: The Level of Stock Prices in Early 1972
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: General Approach
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: Shareholders and Managements: Dividend Policy
Chapter 20: “Margin of Safety” as the Central Concept of Investment