Benjamin Graham’s classic best seller on value investing has taught and inspired hundreds of thousands of people worldwide. This reissue of the pure, unadulterated 1949 text by Graham offers the investing principles as he originally laid them out-principles that continue to stand more than half a century since the book was first published.

Benjamin Graham’s classic best seller on value investing has taught and inspired hundreds of thousands of people worldwide. This reissue of the pure, unadulterated 1949 text by Graham offers the investing principles as he originally laid them out-principles that continue to stand more than half a century since the book was first published.

Time and market developments have proven the wisdom of Graham’s basic strategies. and in today’s volatile market, this is the most important book you will ever read on making the right decisions to protect your investments and make them a success.

Foreword by John C. Bogle

Introduction: What This Book Expects to Accomplish

          PART I  GENERAL APPROACHES TO INVESTMENT

I   What the Intelligent Investor Can Accomplish

II  The Investor and Stock-Market Fluctuations

III  The Investor and His Advisers

IV  General Portfolio Policy: The Defensive Investor

V  Portfolio Policy for the Aggressive Investor: Negative Approach

VI  Portfolio Policy for the Enterprising Investor: The Positive Side

          PART II  PRINCIPLES OF SECURITY SELECTION

VII  United States Savings Bonds: A Boon to Investors

VIII Security Analysis for the Lay Investor: General Approach

IX  Stock Selection for the Defensive Investor

X  Stock Selection for the Enterprising Investor:

 The Appraisal Method

XI  Detection of Undervalued Issues by Security Analysis:

 Three Examples

XII  The Pattern of Change in Stock Earnings and Stock Prices

XIII Group Studies of Earnings and Price Developments

          PART III  THE INVESTOR AS BUSINESS OWNER

XIV Stockholders and Managements

XV A Study of Stockholder-Management Relations in Two Industries

                   PART IV CONCLUSION

XVI "Margin of Safety" as the Central Concept of Investment

 Appendix: Buying and Selling by "Central Value" Method

Index

About Benjamin Graham

About John C. Bogle