The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing, an investment approach Graham began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd. 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.
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The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing, an investment approach Graham began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd. 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.
The content of the book "Value Investing" exists already in its predecessor "Security Analysis". This idea is established by Graham and others. Value Investing ( which differs from the speculative strategies like "Momentum Trading" or "Chart Analysis") objects to the economic assumption that the stock market is efficient. Efficient in this context means the market as a whole always know the important information about a company. The consequence of such an assumption is that there can be no wrong evaluation of the stocks. The price of a stock always (at...
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