Among this audiobook's special features are the use of numerous comparisons of pairs of common stocks to bring out their elements of strength and weakness and the construction of investment portfolios designed to meet specific requirements of quality and price attractiveness.
© and (P)1973, 1996, 2005 HarperCollins Publishers, Inc.
"By far the best book on investing ever written." (Warren E. Buffett)
This book is extremely valuable for any investor. It gives you the plateform to become a true investor rather than speculator. But, unfortunately it is not available as unabridged.If you get unabridged than you are very lucky and go ahead beore spending your hard earned money unintelligently
The Intelligent Investor is a mainstay of the finance literature. Warren Buffett -- one of the world's richest men and an acolyte of Graham -- is said to have read this book dozens of times until he could recite much of the book.
The original text edition is hundreds of pages long. The audiobook is just over two hours. How can a very fat book then lose so much weight in the audio version and remain healthy? I personally own and have read from cover to cover the full book. Comparing the full text with this audiobook, there is no doubt the abridgment takes away a lot of the flavor and substance. Many of Graham's lessons are lost. Plus, in my text edition every chapter has an additional commentary from Jason Zweig (a Graham disciple and author of "The Intelligent Investor" column in the Wall Street Journal). This edition does not have any commentary and only has the most basic of Graham's lessons.
Despite the drawbacks I would recommend this audiobook. As far as I know this is the best audio version of Graham's work. The audio includes Graham's most enduring lessons like the investor vs. speculator distinction, 'Mr. Market' metaphor, defensive vs. aggressive investors, and the basics of his enduring investing philosophy.
I also find this audio convenient for reference. Due to its brevity an intelligent investor can quickly review Graham's investing basics during a longer car ride and regain some comfort during bear markets (I recently re-listened to this. For reference: this review is being written 8/7/11). You cannot beat Graham for his erudition, clear writing style, and great recommendations. For those of you who have not yet read this book you will find that Graham's words are like mothers milk for your net-worth.
They're not kidding when they call this the "abridged version of The Intelligent Investor! How do you take a 700 page book and boil it down to under 3 hours and maintain much of the content? This is good if you want the general idea of what Graham is talking about, but if you're looking for nuts and bolts... I'd look elsewhere.
I shouldn't be so short. I read the original printed version and there is so much more in it! They basically read a summary of the book and sold it as an abridged version. Total waste of a credit.
Nothing. The original book is awesome.
Yes. The narration was very good.
Not this version
I didn't know that an abridged version could be so much shorter then the original one.
Recommended only as a starting point. The hard copy book has much more detail that is of considerable value and use.
Not really interested in abridged versions anymore.
I was hesitant to buy this because it was unabridged, but after listening to it I was then very glad I had listened to the abridged copy. It is like reading a grandparent's diary which lacks relevance in a lot of areas, but has a few interesting nuggets. It is interesting to see that a lot of these strategies from so long ago can still hold up today- that average people like you and I should refrain from throwing ourselves into risky growth stocks that even the professionals have trouble profiting from. You can find certain parallells... how A&P was once up in the hundreds, and has since gone bankrupt in modern times. Will this be Apple in 40 years? Who knows? Either way, this book is grandfatherly in that it tells you how it was and what worked 5 or 6 decades ago. You choose what to do with the info. Just be glad its abridged!
Say something about yourself!
This is a philosophy of investing money in stocks and bonds. It examines the behavior of the market since the depression and illustrates the futility of trying to time the market or outsmart people who spent 100 hours a week doing this for a living. Hedge fund managers work from 4AM to 8PM every day chasing investments. Can you hope to beat them by spending 30 minutes a day? Absolutely not! You have to take a different tact than they do. Graham's value investing is one such tact.
Pure wisdom that you cab earn from this author which he earned in decades, his focus is on long term income, dividend stocks to have consistent returns over surprises and reinvesting money back to attain more, writer fave good examples of how stay away and forget stocks and get leader influenced by stock with tied shuffling price. Also not to sell stocks right after result or buy them but strike price plays a different role when you think of dividend a stronger with little diversified portfolio
I know this book is supposed to be a classic, and I'm sure there are many valuable lessons to be extracted from it, but I think one would be better off buying the latest revision of the book rather than this audio book.
This audio book is like a good wine that has been lying too long in the cellar. It just seems so dry, and out of date, and the reader is terribly monotonous. He talks about "this tape" and refers to 1971 as "now". Come on! Get someone more lively to read it.
I listen to audio books when I'm running and have enjoyed many books on Investing that way. I've attempted to listen to this one twice, but never get past the first 30 minutes. The sound of tumbleweed in my head just becomes unbearable. I might try reading the book instead.
"Excellent book but can be difficult"
You'd find it hard to find a better book on value investing than this one. Written over 50 years ago there have been many newer versions printed with updates on the numbers and with recommendations from people such as Warren Buffett it has to be worth the money.
A few things you need to understand before reading/listening is what the difference between common stocks and bonds of all kinds are and also what the DJIA (Dow Jones Industrial Average) is. With these basics under your belt the book makes good listening/reading. Can be tough to get through if it's the first time you are reading about investing but keep reading/listening... you'll be glad you did.
This book won't make you rich in the short term but certainly could lead to riches in the future!! Good Luck and enjoy!
I am a follower of Warren Buffet and I found out that Benjamin Graham being his teacher. I rushed to read more. I have read books by Robert Kiyosaki and found that Benjamin cut to the core of value investing than any modern day investors guide. I can see why this man is attribute to creating the investors bible called "Security Analysis".
Word of warning, "Security Analysis " reads like a physics textbook, I advise buying the kindle version. Since there are charts and other things you will need to review. IF you want a summary of the idea's he outlined in the book. This book is the next best thing.
It connected to something that I have tried to reconcile my whole life. In this modern day, there are so many quick rich schemes and snake oil sales men telling you how to make money quick. There are fundamental things in this book that reaffirmed my ideology and my slow and stead approach to stock investing.
The breakdown of fund and index trackers. Showing how Trackers over the long period was better performing through mathematical representation.
"Concise and easy to follow"
The old basics still ring true today and you can see why this is Warren Buffet's bread and butter. Certainly not the only book I'll be reading to further my stock trading knowledge but a great base to build from.
"What a book and what a narrator!"
This is a classic book on value and I am not sure whether the narrator was asked to cut short his time (to get the best value) He seems to be in a hurry and I would recommend buying the book itself. In the end thats what I did. The narrator did cause me a serious headache.
I do not have to talk about the value of this book and the contents in it , he only reason I put up with the narrator and heard the full audio for only one and only time.
Please read the previous reviewers comment and I would strongly recommend audible to do the book with a new narrator.
The remaining 2 stars as a negative only because of the audio format (the narrator again)
"a must read"
this book is a must read when it comes to value investing. The examples, however, are quite old but the guideline can be applied and must be applied for long term investment strategy. In short, if you like speculate (scalping, day trading, swing trading and so on) this book is not for you.
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