<< 1 >>
Rating: Summary: Intelligent Investor Review: I got this book because of a Lou Rukeyser panelist who recommended it for understanding the latest milieu in the stock market. I found this book densely written, boring and of no practical value. A one year subscription to Money magazine would be better spent if you are truly a novice and are interested in portfolio analysis. Graham gives little insight to the market, focusing on how building your portfolio with bonds and stocks for long-term (ie. buy and hold) growth. Does anyone still believe that garbage? If they do have they held thru last debacle in the market and made money? Perhaps Graham has great things to say, but alas, not here.
Rating: Summary: No real value here Review: I got this book because of a Lou Rukeyser panelist who recommended it for understanding the latest milieu in the stock market. I found this book densely written, boring and of no practical value. A one year subscription to Money magazine would be better spent if you are truly a novice and are interested in portfolio analysis. Graham gives little insight to the market, focusing on how building your portfolio with bonds and stocks for long-term (ie. buy and hold) growth. Does anyone still believe that garbage? If they do have they held thru last debacle in the market and made money? Perhaps Graham has great things to say, but alas, not here.
Rating: Summary: Insomniac's Must Read this Book. Review: I realize that Graham is the dean of Fundamental Analysis. I read his book Security Analysis in Graduate School and still find it very useful. However, the audio tape of the Intelligent Investor is horrible. First, the underlining book needs to be undated. The audio version focuses on events that occurred in the 1970s, which is when the underlining book was last updated. Second, the audio version fails to provide any key insights for investing. Everything is overly general. Finally, the audio tape is verbose. In sum, STAY away from this tape, unless you're having a problem with insomnia.
Rating: Summary: Intelligent Investor Review: Intelligent Investor is the single greatest book ever written on investing. Look at Ben Graham's track record, all of several of his students (including Warren Buffett) have also built foutunes using his advice.
Rating: Summary: Audio version, though dated, still useful Review: The audio version of this book is fairly easy to take. The two tapes (each with two sides) can comfortably be covered in a few drives back and forth to work. While I must admit that I was disappointed when, early in the first side, the speaker announced that the most recent update to the book was in the early seventies. So their references to an expensive Dow of 800 or so is almost amusing today. I found, however, that the material was quite useful sometimes because of that perspective. We are all too often reading someone's writing today about how smart they were yesterday. It is interesting sometimes to listen to what someone thought was smart yesterday and determine if that wisdom would have held up to the present day.Tom Kelly
Rating: Summary: One of the best books on investing ever written Review: This is a must read for any person serious about investing (ie not gambling) in the stock market. The book is rather easy to read. Graham was an investor but also a teacher (at Columbia). He has a good balance between technical yet simple explanation. If you know absolutely nothing about the stock market and financials, you may still find it a bit obscure at time, but you should probably not invest directly anyway (at least not right away). For everyone else, read it. Yes the latest edition was written in 1972. It is amusing at time to see the evolution. But actually this evolution is also part of what you learn by reading the book. You do see that some things never change (like valuing a company!), and others do change quite a bit. it gives you a nice perspective. Now the intersting part of the book is to understand the logic of Graham, less its conclusions. The conclusions date a bit. Graham used to work at a time when most corporations where industrial companies, when nowadays services are dominant for example. So take graham conclucions with a grain of salt. But do read in depth and try to understand his logic. Value investing won't make you rich overnight. But reasonnably well done, it will avoid having you lose money, and can even open you the doors of year by year over-performance in the market. Warren Buffett and several other successfull investors have followed the approach of Graham. But as they all say, when you first read about value investing, you either understand it right away, or you never will. But trust my 15 year of investing on the stock market, you're better of understanding the value of value investing. And this book is the key to it.
Rating: Summary: JZfrom Detroit Review: While Graham's text is obviously one of the most important guidebooks for investors written in this century, I have to agree with the reader from L.A. and say that it is quite a difficult read. Perhaps this is why so few people out of the masses have made a fortune in stocks. If we could all understand it, we'd all be rich.
Rating: Summary: solid, well written, valuable resource for value investing Review: While the data must be interpreted in light of today's market situation (this book was last updated in 1973) The Intelligent Investor is a solid, well written, valuable resource for those who can afford to spend time to wisely research their investments. While this book is not meant for the beginner, it does give plenty of structure to help you organize your approach to value investing. This approach has been used by many very succesful value investors including Warren Buffet. A very worthwhile read, and my personal favorite on the subject of investing.
<< 1 >>
|