The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing
"The Intelligent Investor Rev Ed." is a book written by Benjamin Graham, which has been widely regarded as the definitive book on value investing. The revised edition of the book was published in 2006, with updated commentary and annotations by Jason Zweig.
The book lays out the principles of value investing, which is a strategy of investing in undervalued stocks and holding them for the long term. Graham stresses the importance of analyzing a company's financial statements and evaluating its intrinsic value before investing.
One of the key concepts in the book is the concept of margin of safety, which is the difference between the intrinsic value of a stock and its market price. Graham advises investors to always buy stocks at a significant discount to their intrinsic value, in order to protect themselves against potential losses.
Graham also emphasizes the importance of diversification and recommends that investors spread their investments across different stocks and asset classes.
Overall, "The Intelligent Investor Rev Ed." is a must-read for anyone interested in value investing, and it provides valuable insights and guidance for investors looking to build a long-term, successful investment portfolio.