Warren Buffett graphically illustrates in his Appendix to this book, that some of the world’s most successful investors learned at the feet of Benjamin Graham and have applied his principles with great success.
This book, like all of Graham’s writings, is easy enough to understand for even the most lay of investors. Graham sets the scene early in the book by explaining the difference between intelligent investing and mere speculation. Using the history of stock market booms and crashes and illustrating them with real life examples, Graham explains how an intelligent investor can stay ahead of the market.
Graham sets out investment principles for both the defensive investor and one who is more enterprising and shows how investor can identify under priced stocks.