HarperCollins Publishers Inc Intelligent Investor (English, Hardcover, Graham Benjamin)

Product Overview & Details

The Intelligent Investor explains how to approach investing intelligently rather than emotionally. Benjamin Graham emphasizes that investors should study the underlying value of an investment, maintain a sufficient margin of safety, diversify appropriately, and avoid making impulsive decisions based on market excitement or fear.

A central idea is the distinction between investing and speculation. Graham argues that a true investor should make decisions based on analysis and a reasonable expectation of protecting and growing capital, rather than simply trying to predict what the market will do next.

The book also introduces the famous concept of “Mr. Market,” a fictional investor whose changing moods represent the fluctuations of the stock market. The concept teaches readers not to allow daily price movements to dictate their investment decisions.