The intelligent investor :
the definitive book on value investing
- New York, Harper, 2006
Investment versus speculation: results to be expected by the intelligent investor The investor and inflation A century of stock-market history: the level of stock prices in early 1972 General portfolio policy: the defensive investor The defensive investor and common stocks Portfolio policy for the enterprising investor: negative approach Portfolio policy for the enterprising investor: the positive side The investor and market fluctuations Investing in investment funds The investor and his advisers Security analysis for the lay investor: general approach Things to consider about per-share earnings A comparison of four listed companies Stock selection for the defensive investor Stock selection for the enterprising investor Convertible issues and warrants Four extremely instructive case histories A comparison of eight pairs of companies Shareholders and managements: dividend policy "Margin of safety" as the central concept of investment. APPENDICES: The superinvestors of Graham-and-Doddsville Important rules concerning taxability of investment income and security transactions (in 1972) The basics of investment taxation (updated as of 2003) The new speculation in common stocks A case history: Aetna Maintenance Co Tax accounting for NVF's acquisition of Sharon Steel shares Technological companies as investments
Provides practical guidance in investment strategy. Offers an intellectual framework for making investment decisions and advises how to prevent emotions from affecting those decisions. Conveys the basic principles of the adoption and execution of an investment policy, as written by the veteran investor in 1972. Includes updated commentary by a financial journalist