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Buy on Taobao ↗A BOOK TO EXPLOREThe Intelligent InvestorBenjamin Graham
The Intelligent Investor
The book that changed Buffett’s investing life.
Graham examines investing versus speculation, market fluctuations and a margin of safety. Later commentary editions add examples alongside the original text.
Buy the bookWhy Buffett recommends it
2013 shareholder letter · published in 2014 ↗My financial life changed with that purchase.
It gave him a clearer way to think about investing.
Buffett recalled studying charts, watching prices and listening to commentary without feeling he was progressing. Graham’s clear reasoning changed that. He identified chapters 8 and 20 in later editions as continuing guides to his decisions.
OUR READING
Why is it worth reading?
This is an important starting point for understanding Buffett’s intellectual roots, especially value and market temperament. Historical examples are not instructions for trades today.
Who this book is for
Adults willing to read carefully and take notes while exploring value investing.
A way into the book
Try chapters 8 and 20, which Buffett highlighted. Chapter numbering differs in the original 1949 edition.
The Intelligent Investor
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