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The Intelligent Investor First Editi The intelligent investor first editi Continue 1949 book by Benjamin Graham Intelligent Investor First editionAutormBenjamin GrahamCoacubist artistDonawan HayesCountryUnited StatesLanguageEnglishSubjectSecurities, InvestmentPublisherHarper - BrothersPublication date1949Pages640ISBN0-06-05566-1 (2008 edition)OCLC1723191LCHG Class4521 . G665 Intellectual Investor Benjamin Graham, first published in 1949, is a widely recognized book on the value of investing. Background information and the story of intelligent investor based on the value of investing, the investment approach Graham began teaching at Columbia Business School in 1928 and then refined with David Dodd. This view was echoed by other Graham students, such as Irving Kahn and Walter Schloss. The intellectual investor also notes a significant deviation from the choice of shares from Graham's previous works, such as security analysis. He attributed this change to the fact that in his work I have emphasized over the past few years, it is a group approach. To try to buy a group of shares that meet some simple criteria for undervalued - regardless of the industry and with very little attention to a separate company ... I found that the results were very good for 50 years. They certainly did twice as well as the Dow Jones. And so my enthusiasm was shifted from selective to group approach. Mr. Market Home article: Mr. Market Graham's favorite allegory is that Mr. Market is designed to embody irrationality and group thought in the stock market. Mr. Market is a obliging guy who appears every day at the shareholder door offering to buy or sell his shares at a different price. Often the price quoted by Mr. Market seems plausible, but sometimes it is funny. The investor is free to either accept his price and trade with it, or ignore it completely. Mr. Market does not object to this, and will return the next day to quote another price. The point of this anecdote is that the investor should not consider the whims of Mr. Market as a determining factor in the value of shares that belong to the investor. He should profit from market stupidity, not participate in it. The investor is encouraged to focus on the real life of their companies and receive dividends, rather than worry too much about Mr. Market's often irrational behavior. Since the publication of the work in 1949, Graham has reviewed it several times, most recently in 1971-72. It was published in 1973 as the Fourth Revised Edition of ISBN 0-06-015547-7, and it included a foreword and application by Warren Buffett. Graham died in 1976. Comments and new footnotes were added to the fourth edition of Jason zweig, and this new revision was published in 2003. Intelligent Investor (re-release of the 1949 edition) by Benjamin Graham. Collins, 2005, 269 ISBN 0-06-075261-0. Intelligent Investor Benjamin Graham, 1949, 1949, 1959, 1965 (Library of Congress Catalog Card Number 64-7552) Harper and Rowe Publishers Inc., New York. Intelligent Investor (Revised 1973 edition) by Benjamin Graham and Jason Tsweig. HarperBusiness Essentials, 2003, 640 pages. ISBN 0-06-055566-1. On July 7, 2015, an uncircumcised audio version of the revised edition of The Intelligent Investor was also released. The contents of the book 2003 edition Introduction: What this book expects to perform Commentary on the introduction of investments against speculation: Results, which should be expected from the Intellectual Investor Investor and Inflation Century Stock Market History: Stock Market Price Level in early 1972 General Portfolio Policy: Defensive Investor Defensive Investor and General Equity Portfolio Policy for Enterprising Investor: Negative Approach Portfolio Policy for Enterprising Investor: Positive Side Investor and Market Fluctuations Investing in Investor Investment Funds and His Advisors Security Analysis for Lay Investor: Approach Things to Consider About Per Share Earnings Comparison of four listed stock selection companies for defensive equity investors choice for enterprising investors of convertible issues and warrants four highly instructive business stories and more comparison of eight pairs of companies: Dividend Safety Margin Policy as a central investment concept postscript comment on the postscript applications of Superinvestors Graham and Doddsville Important Rules Concerning Taxation of Investment Income and Security Transactions (in 1972) Fundamentals of Investment Taxation (updated as of 2003) New speculation in General Inventory History: Aetna Service Co. Tax Accounting for the acquisition of NVF Sharon steel shares of technology companies like The Endnotes Index Investment See also Benjamin Graham Formula Security Analysis (book) Links Graham, Benjamin; Jason tsweig (2003-07-08) . Intelligent investor. Warren E. Buffett (collaborator) (2003 - Harper Collins. ISBN 0-06-055566-1. Hour with Mr. Graham: Imagine - there seems to be a virtually reliable way to get good results from the overall investment in equities.... February 19, 2013. Benjamin Graham; Jason tsweig (2003-07-08) . Intelligent investor. Warren Buffett (collaborator) (2003 - Harper Collins. ISBN 0-06-055566-1. Intelligent investor Rev Ed - through www.audible.com. Further reading Williams, John Burr. Theory of investment value. Received from Summary Discuss Reviews (0) Shipping to: USA, Canada, UK, Denmark, Romania, Slovakia, Bulgaria, Czech Republic, Finland, Hungary, Latvia, Lithuania, Malta, Estonia, Australia, Greece, Portugal, Cyprus, Japan, China, Sweden, Korea, South, Indonesia, Taiwan, Thailand, Belgium, France, Hong Kong, Ireland, Netherlands, Poland, Spain, Italy, Germany, Austria, Bahamas, Israel, Mexico, New ealand, Singapore, Switzerland, Norway, Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Croatia, Republic, Malaysia, Brazil, Chile, Colombia, Panama, Jamaica, Barbados, Bangladesh, Bermuda, Brunei Darussalam, Bolivia, Ecuador, Egypt, France , Martinique, Maldives, Nicaragua, Oman, Peru, Pakistan, Paraguay, Reunion, Vietnam, Uruguay, Philippines Exceptions: Angola, Cameroon, Cayman Islands, Djibouti, French Polynesia, Honduras, Libya, Mongolia, El Salvador, Suriname, Guyana, Mauritius, Somalia, Chad, Madagascar, New Caledonia, Western Samoa, Iran, St. Kitts Nevis, St. Lucia, Trinidad and Tobago, Western Sahara, Papua New Guinea, Congo, Republic of Seychelles, Solomon Islands, Sudan, Uganda, , Democratic Republic, Kiribati, Yemen, Aruba, Azerbaijan Republic, Belize, Ghana, Grenada, Haiti, Iraq, Liberia, Sierra Leone, Central African Republic, Comoros, Tuvalu, Uzbekistan First edition, first print. Octato, original fabric. Nearby fine is a very good first issue dust jacket with a $3.50 price tag and Barron's editor on the front valve. Placed in the custom half of the box cot morocco. The first prints are extremely rare. Since it was first published in 1949, Graham's Intelligent Investor has sold millions of copies and has been praised by luminaries such as Warren E. Buffett as the best investment book ever written. Benjamin Graham was a seminal figure on Wall Street and widely recognized that the father of modern security analysis security analysis and an intelligent investor is still considered a bible for individual investors and Wall Street professionals (Buffer Stock Project). Unfortunately, this item has been sold. Ask SHIPPING and GUARANTEE Modifications in the latest edition of the classic book by Benjamin Graham - Warren Buffett's mentor - caused considerable confusion. The poor readability of Jason zweig's comment in the 2006 edition of Intelligent Investor - and the resulting change in Graham's text - made the book considerably harder to read. A quick visual comparison of Graham's 1973 final edition, compared to the modified year 2006, illustrates the decline in the readability of the latter. The book is now almost twice as big, and quite unnecessarily so; as explained below. The list of chapters is almost unreadable due to list that's all in capital letters. All of Graham's footnotes were moved to the end of the book, making them almost impossible to designate. This is all particularly troublesome, given that the book addresses a tough topic from the beginning. Example - As can be seen from the scans below, the list of chapters from 1973 is much easier to read; despite being from the old book and listing more chapters on the page. The misinterpretation of the change in the structure of Graham's original text also caused a significant misinterpretation of Graham's principles, as described in Benjamin Graham's Correct Formula. Misquotes Graham is also often misquotes cited today, often because of the same changes in his text. The modern relevance of the argument made for this humiliation of what was a classic work - and perhaps the most important book ever written - about finance, is that it needs to be modernized. When one also factors, according to theorists, that Buffett and other notable investors value expressed in the practical application of investment principles, this update was perhaps nothing more than a marketing gimmick. Reprint with a foreword by Bogle Only two versions of Intelligent Investor is now in print, it seems: the 1949 edition is reissued in 2005 with a foreword by John Bogle. The 1973 edition was amended in 2006 with a comment by Jason Tsweig. John Bogle's foreword in the first is certainly valuable, but the publication itself is out of date even by Graham's standards. Problems with the latter have already been discussed above. In fact, Graham Buffett's confession - which Bogle refers to in the first - is absent from
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