You wake up one morning and decide you want to learn about how to make money in stocks. There are thousands of books in the market place each touting their own reasons for why they could make you RICH RICH RICH!!! Rich beyond your wildest dreams. The vast majority will fail. The Intelligent Investor doesn't promise to make you rich, it promises to make you smart, which is why it should be the first book anyone reads who wants to get into the markets.
Benjamin Graham is THE value investor. The first one to do it and the first one to develop a successful strategy. Warren Buffet was mentored by Graham and adapted Graham's trading philosophy for his own use. No other trading philosophy has a 100 year track record of success as measured by positive alpha.
The Intelligent Investor will introduce you to value investing and tell you that you shouldn't be investing in risky assets unless you do it for a living and even then, it will tell you that you probably shouldn't do it. If this book does a good job of scaring you away from becoming an active trader, it will prescribe a safe low maintenance way for you to invest your money.
I do not overwhelmingly favor value investing or technical analysis. Instead, I believe they should be used together to generate great returns. This book serves the purpose of introducing you to value investing while warning you of technical analysis. These warnings should be weighed against the substantial abilities of some to make strong risk adjusted returns year after year.
Overall, no book does a better job of introducing you to the markets. This one does it from a value investing mindset and should be read by every investor. This book will not make you RICH RICH RICH, but it will attempt to make you smart and cautious, two preconditions for a great investor.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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