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