Summary of The Intelligent Investor

The Classic Text on Value Investing

First Edition: 1949 more...

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The Intelligent Investor book summary
In 1949, Benjamin Graham wrote the seminal book on value investing – and his counsel still works decades later.


10 Overall

10 Applicability

9 Innovation

9 Style


This classic book on investing belongs on the bookshelf of every investor. The principles that Benjamin Graham outlines are the very precepts that guided such great investors as Warren Buffett, and such mutual fund innovators as John Bogle, the noted Vanguard Group founder, who wrote this edition's foreword. First published in 1949, the text shows a few signs of age, most notably in its discussion of interest rates, investment vehicles such as savings bonds and other time-sensitive subjects. However, those are minor issues. When Benjamin Graham writes about categories of investors, approaches to security analysis, the proper disposition investors should have toward market moves, and other fundamental investment subjects, his advice is timeless. getAbstract highly recommends this seminal book.

In this summary, you will learn

  • How to understand the fundamental principles of value investing as propounded by its founder Benjamin Graham, the man who literally taught Warren Buffett how to invest.


Foreword by John Bogle
Financial markets are far different today than the markets were in 1949 when Benjamin Graham wrote The Intelligent Investor. Stock valuations are much higher and the savings bonds that Graham praised are no longer attractive investments. Graham described the markets...
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About the Author

Benjamin Graham (1894-1976), the father of value investing, was also the author of Security Analysis and The Interpretation of Financial Statements.

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