title: The intelligent investor;: A book of practical counsel
author:  Benjamin Graham 
description: A book by probably the most respected, an collected, stock market guru, Benjamin Graham.
zlib_text: 
  
  
  
  
  
  ![image](../images/MSRCover.png)
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  ## The Intelligent Investor
  
  
  ### A Book of Practical Counsel
  
  
  Revised Edition
  
  
  Benjamin Graham
  
  
  Updated with New Commentary by Jason Zweig
  
  
  ![logo](../images/logo.jpg)
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  To E.M.G.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  Through chances various, through all
  
  
  vicissitudes, we make our way….
  
  
  Aeneid
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  ##
  
  
  Contents
  
  
  
  
  
  [Epigraph](9780061745171_Epigraph_1.xhtml#fm)
  
  
  [Preface to the Fourth Edition, by Warren E.
  Buffett](9780061745171_Preface.xhtml#pre01)
  
  
  [A Note About Benjamin Graham, by Jason
  Zweig](9780061745171_A_Note.xhtml#adc01)
  
  
  [Introduction: What This Book Expects to
  Accomplish](9780061745171_Introduction.xhtml#int01)
  
  
  [Commentary on the
  Introduction](9780061745171_Commentary_Introduction.xhtml#com01)
  
  
  [1\. Investment versus Speculation: Results to Be Expected by the Intelligent
  Investor](9780061745171_Chapter_1.xhtml#ch1)
  
  
  [Commentary on Chapter 1](9780061745171_Chapter_1.xhtml#cha1)
  
  
  [2\. The Inve