Intelligent Investor 聪明的投资者

BENJAMIN GRAHAM(1894-1976), the father of value investing, has been an inspiration for many of today's most successful businesspeople. He is also the author of Security Analysis and The Interpretation of Financial Statements.

BENJAMIN GRAHAM(1894-1976), the father of value investing, has been an inspiration for many of today's most successful businesspeople. He is also the author of Security Analysis and The Interpretation of Financial Statements.

The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing"-which shields investors from substantial error and teaches them to develop long-term strategies-has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.
Vital and indispensable, this Collins Business Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing"-which shields investors from substantial error and teaches them to develop long-term strategies-has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.
Vital and indispensable, this Collins Business Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

Preface to the Fourth Edition, by Warren E. Buffett
A Note About Benjamin Graham, by Jason Zweig
Introduction: What This Book Expects to Accomplish
COMMENTARY ON THE INTRODUCTION

1.Investment versus Specu

Preface to the Fourth Edition, by Warren E. Buffett
A Note About Benjamin Graham, by Jason Zweig
Introduction: What This Book Expects to Accomplish
COMMENTARY ON THE INTRODUCTION

1.Investment versus Speculation: Results to Be Expected by the Intelligent Investor
COMMENTARY ON CHAPTER 1
2.The Investor and Inflation
COMMENTARY ON CHAPTER 2
3.A Century of Stock-Market History: The Level of Stock Prices in Early 1972
COMMENTARY ON CHAPTER 3
4.General Portfolio Policy: The Defensive Investor
COMMENTARY ON CHAPTER 4
5.The Defensive Investor and Common Stocks
COMMENTARY ON CHAPTER 5
6.Portfolio Policy for the Enterprising Investor: Negative Approach
COMMENTARY ON CHAPTER 6
7.Portfolio Policy for the Enterprising Investor:The Positive Side
COMMENTARY ON CHAPTER ?
8.The Investor and Market Fluctuations
COMMENTARY ON CHAPTER 8
9. Investing in Investment Funds
COMMENTARY ON CHAPTER 9
10. The Investor and His Advisers
COMMENTARY ON CHAPTER 10
11. Security Analysis for the Lay Investor:General Approach
COMMENTARY ON CHAPTER 11
12. Things to Consider About Per-Share Earnings
COMMENTARY ON CHAPTER 12
13. A Comparison of Four Listed Companies
COMMENTARY ON CHAPTER 13
14. Stock Selection for the Defensive Investor
COMMENTARY ON CHAPTER 14
15. Stock Selection for the Enterprising Investor
COMMENTARY ON CHAPTER 15
16. Convertible Issues and Warrants
COMMENTARY ON CHAPTER 16
17. Four Extremely Instructive Case Histories
COMMENTARY ON CHAPTER 17
18. A Comparison of Eight Pairs of Companies
COMMENTARY ON CHAPTER 18
19. Shareholders and Managements: Dividend Policy
COMMENTARY ON CHAPTER 19
20. "Margin of Safety" as the Central Concept of Investment
COMMENTARY ON CHAPTER 20
Postscript
COMMENTARY ON POSTSCRIPT
Appendixes
1. The Superinvestors of Graham-and-Doddsville
2. Important Rules Concerning Taxability of Investment Income and Security Transactions (in 1972)
……
Endnotes
Acknowledgrnents from Jason Zweig
Index