The Intelligent Investor

Book Review

Benjamin Graham's «The Intelligent Investor» is considered a classic of investment literature and a go-to book for many investors. Critics note that Graham offers a fundamental approach to investing based on the analysis of stock and bond values. He introduces the concept of a «margin of safety», which has become a key principle for many successful investors, including Warren Buffett. The book emphasizes the importance of long-term planning and avoiding emotional decisions in the market. Graham also divides investors into two categories: active and passive, offering strategies for each. Critics highly praise the book's practical value and its ability to educate readers on the basics of financial literacy and intelligent investing. Despite being written in the mid-20th century, its ideas remain relevant today, making it an indispensable guide for anyone looking to understand the fundamentals of investing.