In hindsight, this wasn’t the best book to kick off my reading series on stock investing. Not because it is a bad book, nor should it be struck off investing reading lists. I wish I had waited though because it is so dense. Benjamin Graham wrote this book in 1949 and it has been updated several times. But updates aside, it remains very technical and dense. I wouldn’t recommend it for a first, or even a second read. That being said, if you are serious about doing your own stock picking, this book is a must (along with Graham’s other well known book Security Analysis, or at least so I’m told–I haven’t read it yet).
In A Sentence:
Graham is the pioneer in buy and hold investing, and The Intelligent Investor tells you how to do just that.
If you are going to read this book, I highly recommend getting the most recent publication (2003). Why? It has chapters that follow each of Graham’s original chapters explaining what he just said. I often found those more informative than Graham’s original writing.
All in all, I’d give this book a 3 out of 5 stars. It is worth reading if you want to understand stock picks better, and are willing to slog through it. Plus it is an investing “classic” and certainly merits a read for that reason alone. But if you want to get a quick overview on investing, or are just starting your own journey to learn more, pass for something simpler.
You can find a copy at Amazon (and I’ll get a commission from Amazon if you do):