The Intelligent Investor, 3rd Ed.: The Timeless Guide to Value Investing and Financial Wisdom for a Volatile Market

The Intelligent Investor by Benjamin Graham isn’t just a book it’s a foundational guide to long-term financial thinking. This third edition, with updated commentary by Jason Zweig, masterfully blends the original wisdom of Graham with modern-day insights, making it highly relevant even in today’s fast-moving markets. Graham doesn’t promise overnight riches. Instead, he teaches you how to think like a true investor with discipline, patience, and rationality. You’ll learn how to protect your capital, understand market behavior, and focus on intrinsic value rather than speculation. What stands out: Jason Zweig’s commentary adds real-world context and modern examples to Graham’s principles. Core ideas like “margin of safety,” “Mr. Market,” and the difference between investing and speculating are explained clearly. Ideal for both dedicated beginners and seasoned investors who want to sharpen their mindset. A heads-up: This is not a quick read. It requires time and thought, but every page is worth the effort. If you’re serious about building long-term wealth and want a solid foundation, this book is an investment in itself.

I’ve been fascinated by investing and the markets from a young age, but only in recent years has it become feasible for me to take action and start making my own investments. Personal finance has always been a vital topic to me, and I enjoy reading books that deepen my understanding. Naturally, Benjamin Graham’s The Intelligent Investor has been on my radar for some time. What’s crazy is how perfectly the timing worked out. I had been thinking about getting the book when I stumbled upon an episode of the TIP Podcast featuring the commentator of this 75th-anniversary edition. Hearing about the new release made me even more excited to finally pick it up. I’m so glad I did! The book itself is of excellent quality—well-made, with a great price point for such a valuable resource. The commentary included in this edition is incredibly helpful, offering modern insights and breaking down Graham’s ideas in a way that’s easier to understand for today’s investors. If you’re serious about investing or just starting to take personal finance seriously, this book is an absolute must. Graham’s wisdom is timeless, and this anniversary edition makes it accessible and relevant for a new generation of investors.

I love this book! Easy to read, understand, and a very cool cover.

My new years resolution for 2025 was to pick an undervalued stock and make money off of it. I didn't have the faintest clue as to where to begin or how to go about doing it. In my years of life experience in order to be the best, you have to study the best. Warren Buffett was the first person that came to mind. I also noticed there is no shortage of books on stock picking. How does anyone choose? After a further investigation I noticed "The Intelligent Investor" really stuck out. I also noticed Buffett wrote the preface so I decided to give it a go. When I told my friends this is the book I've decided to buy most of them told me it was out of date. My thought about that was if it was so out of date, then why is it still in print? So I didn't accept that excuse not to get it. I took this book very seriously. I even took notes on nearly all 600+ pages! The first five chapters I found to be VERY interesting. I couldn't stop reading. However I had to take one star off because Benjamin Graham can be a bit wordy and to make matters worse, he backed up his reasoning with examples and facts. For a guy like me I will take everything he says at face value because the man is legendary. I can imagine at the time this book was published (some three years before his death) he probably felt like he needed to prove himself. I'll give Jason Zweig, who not only updated this book with extensive commentary but also plentiful footnotes, five stars. The language he used was less wordy. I must confess I never heard of Mr. Zweig before I bought this book. My interest in him has so peaked that I'm thinking about buying another book from him. And now for me to report on my results: finally, at the beginning of August, I decided to buy stocks using the procedures recommended by the old, outdated policies of Mr. Graham. We are currently at the tail end of September and I must admit all but one stock is up. Several returned more than 10 per cent. Mind you, this is the first time I purchased stock on my own. UPDATE: Its been almost a year since I picked my stocks. Before I continue I want to point out that the stock market is very over valued right now and there aren't many stocks that meet the criteria of Mr. Graham's principles regarding defensive investing. Of the eleven stocks I picked, three of them were ETFs, another three were house builders, the remaining five belong to other sectors (only one of them is technology). My biggest winner is up 43%. My biggest loser is down -35%. Two of the three housing stocks are down and the third one barely moved. I believe the housing market is affecting my stocks. The housing crisis our country is currently going through is real. When this crisis is over, I have no idea how that's going to affect my picks. Overall, my entire portfolio did not move. The bond ETF I'm rebalancing my stocks with are up 3%. The stock portion went down 1%. I'm confident that if you want to be a defensive investor and buy good quality companies at a bargain price, now is the time to buy housing manufacturer stocks. I believe they hit rock bottom short of anything disastrous happening to the companies individually. I also believe you're not going to make money anytime soon, but the long term can be a different story. I'll do another update to this review at the five year anniversary.

Great quality book, just haven’t read it lol I’m sure it’s good tho

The book was recommended by Warren Buffet excellent information

Great book to learn investing and keeping the emotions in check. I always speculated the stock choice, mostly because of FOMO and this book has changed my mindset. Highly recommend for anyone who is interested in investing

Good book

Excellent

Jag är på inledning ännu det verkar vara en bra bok som innehåller mycket budskap som är intressant och närmare till verkligheten.

Great Book! Its both technically useful and historically interesting.

The content of the book is excellent, but please note that the hardcover listing appears to be incorrectly linked to the paperback inventory. If you are specifically looking for the hardcopy edition, double-check before ordering as the system currently processes this as a paperback.

Excellent book, every investor and even speculator shall read it