Customer Reviews
A must read for the serious investor - By: Stephen C. Wilkinson, 06 Aug 2008 
The language may be a bit dated but the advice is still good, proving there is little newin the world of investing. If you follow Graham's practical advice on valuing companies, assessing risk & investing for the long term you will make money.
Lives up to the hype - By: dilaudid, 07 Jun 2007 Most investors seem to have heard of this book - many refer to it as the bible of value investing. I think that the esteem that it is heldin is probably counter productive (Barton Biggs, hedge fund manager, talks about being asked to read & annotate it twice as a young man), but what impressed me is that it is a very simple readable book that explains how to invest long term, to maximise wealth.
I don't think that Zweig's commentary adds much - I would pay more for a version with it excised - it provides interesting detail on what Graham may have considered important which is great, but it also provides a lot of anecdotal evidence which could be misleading. It also triples the length & provides a lot of distraction.
Invest In This Book, Invest In Yourself - By: a reviewer, 24 Sep 2006 With more than one million copies sold & an endorsement on the cover by Warren Buffet, you know there has to be something to this book- & I think I know why. Simply because it is the first book ever to describe the emotional framework & analytical tools necessary for financial success for individual investors.
Probably the single best book on investing written for the lay-public & the stock market bible since its first appearancein 1949, it's a great resource, although it's quite a thick book & filled with detail- & probably not for anybody but the serious stock market investor. And if getting motivated to start investing is your problem, suggest The Sixty-Second Motivator. Good luck!
Two books: one old and good, one new and bad - By: Petrolhead, 21 Sep 2006 
This edition of The Intelligent Investor is really two booksin one. There is the original 1973 edition of Ben Graham's classic on "value investing" & then a commentary on each chapter by Jason Zweig.
Graham's text is solid, a little heavy, sometimes a little out of date, & some of his tables a bit user-unfriendly; but no matter: it is the timeless lessons he teaches that matter. He is very methodical, a bit mathematical & -- if you follow him all the way -- will leave you with a good groundingin how to approach the stock market.
Basically his gospel is this: ignore all the hype & blather around the stockmarket. Invest for the long-termin big, rock-steady, simple businesses, after analysing them with a few financial criteria. But only buy when the market is offering them at a bargain price.
Unfortunately, each of Graham's sober tutorials is followed by a commentary by Zweig. He may claim to be a disciple of the great man, but he is certainly not cut from the same cloth. Zweig is just one more financial markets cheerleader: repetitive, pushy, & rolling out the same old disaster stories from the dot.com era ad nauseam, supposedly to show how wise Graham was (in case you didn't understand Graham's chapter). He also repeatedly cites his own magazine & keeps naming the same fund, which is annoying at the very least. He also resorts to a lot of "if you had bought shares on every third Wednesday since 1974 you would have made a 3,859 percent return!!" kind of hocus-pocus which is a complete waste of time.
Zweig could have used the opportunity to unpick some of the knottier points of Graham's book & help readers understand the harder parts. The worst thing is that he sometimes goes against Graham's teachings, so he should NOT be taken as an extension of Graham! (For example, on page 129 he says if you don't have time to choose your own stocks, there's no shamein hiring someone to pick them for you. On page 243, he says "In the financial markets, luck is more important than skill". Ben Graham must be turningin his grave.)
One more caveat: this volume boasts a preface & appendix by Warren Buffett, Ben Graham's most famous pupil. But don't be swayed by that. The preface is an obituary written by Buffett & the appendix is an edited talk that Buffett gavein 1984. They're okay but it doesn't mean that Buffett is backing this schizoid volume.
My advice: read the Graham chapters, ditch the Zweig commentary. You'll save time AND be wiser.
Definitive guide to value investing - By: Spider Monkey, 10 Sep 2006 This is probably the best place to start if you are interestedin value investing. Although the latest revision by Graham wasin the seventies, Jazon Zweig adds commentaries to each chapter to bring the information right up to date. The principles of investment are sound & the style of writing is very accessible. This is a classic investment book & should be read by most people planning for their financial future. Highly recommended.
