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Publisher's Summary

The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions

The greatest investment advisor of the 20th century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" - which shields investors from substantial error and teaches them to develop long-term strategies - has made The Intelligent Investor the stock market Bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives listeners a more thorough understanding of how to apply Graham's principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever listen on how to reach your financial goals.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©1973, 2003 Benjamin Graham; new material copyright by Jason Zweig (P)2015 HarperCollins Publishers

What members say

Average Customer Ratings

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  • 4.5 out of 5 stars
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This book is not suitable for audible format

What did you like best about The Intelligent Investor Rev Ed.? What did you like least?

The book is outstanding. Rich material and time tested wisdom from one of the thought leaders and legendary investors of all time.

How could the performance have been better?

The narrator has a monotone voice that makes it hard to follow the material.

Any additional comments?

As someone who has read the intelligent investor many times throughout the years, in my opinion this book is not meant to be listened to in an audible format. You will get much more out of the material by reading, digesting, pausing and sometime re-reading this unique piece of work.

39 of 39 people found this review helpful

  • Overall
    5 out of 5 stars

Changed me

I had never thought about investing in the stock market ( in truth I thought it was only for the rich) before reading the Intelligent investor. This book has motivated me to learn more and start investing. This bookj gave me a starting point on which to build my investing discipline.

30 of 30 people found this review helpful

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    5 out of 5 stars
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Time tested principles of investing

This is consistent with my observations. Some stocks go up/down related to sentiment and lack of direct events.
I will listen to this again.
It would be ideal if the audiobook also had the charts referenced throughout the book... currently requires user to purchase both formats.

10 of 10 people found this review helpful

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    2 out of 5 stars
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    3 out of 5 stars

This book does not belong on audio

Save yourself the time and just google "value investing Benjamin Graham". Most of the book is spent convincing you of the concept with a myriad of examples, all from the late 19th and early 20th century. Rather than update the book, you get it as it was written decades ago with ancient examples one struggles to relate to and then at the end of the chapter the footnotes bring it up to date. Ben is always referencing tables and charts, which kind of defeats the purpose, for me at least, of an audio book. I highly respect Graham and value investing, but if your already convinced it's a good strategy, then you really just need chapters 14 and 15.

16 of 17 people found this review helpful

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    4 out of 5 stars

Great Foundation for Financial Education

Though this isnt the most exciting book in the world it is one of the most valuable. A great read for some one just starting to invest or even the season veteran who would be surprised to find they learned a thing or two. This book has been highly recommended for decades and still holds strong because the main focus, theory, principles, and strategies srill apply to today. I will definitely relisten to this audio tap with the hard copy of the book to follow along highlight and take notes. This book is worth it.

25 of 28 people found this review helpful

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    5 out of 5 stars
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A must read (listen) for investors seeking wisdom.

A long slog. But an important book.
Key take-aways: Diversify. Invest rather than speculate. Be aware of price.

Overused word: vicissitude.

28 of 32 people found this review helpful

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    3 out of 5 stars

Informing but dull

Informing but very monotoned. The narrarator isnt the most thrilling person to listen to and I had to stop and pick up other books in between. very good read but very dry and dull. could use some excitement in the middle of the book

2 of 2 people found this review helpful

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Why it's the No.1 Book On Investments

It's easy to see why Warren Buffet consider this "The best book ever written on investments ." Benjamin Graham's advice for the defensive investor (all of us regular people) is simple - DON'T TRY TO BEAT THE MARKET!
99/100 you'll make less (if not lose) money than you would invested in low cost index fund!

8 of 10 people found this review helpful

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Would be 5 stars if this gets updated

Much of this book focuses it's analysis on the 1960s through 1970 as well as the tech bubble and subsequent crash (roughly 1999-2002.)

While many of Graham's fundamental principals are still applicable today, such as the importance of establishing a margin of safety, much of it focuses on individual and conservative stock picking. These days, similar exposure can be achieved by buying an index fund, a point Ben Zweig mentions in his commentary.

Further, many of the examples of extreme losses, irrational investors, and obscenely overpriced issues in the commentary (1999-2002) focus on tech stocks. It would be interesting to see this book updated to include examples during a period more characteristic of typical market conditions.

4 of 5 people found this review helpful

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A must read

One of a handful of foundational works written for the individual investor. A treasure trove of wisdom paired with a wealth of information. Excellent narration as well.

1 of 1 people found this review helpful

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  • Uche
  • 07-11-17

Stocks and shares

Good for those interested in investing in stocks and shares but no talks about other forms of investments

4 of 4 people found this review helpful

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    5 out of 5 stars
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  • Mr. M. T. Highland
  • 06-01-17

Starting your journey buying Stocks and Shares

This book has walked me through the beginning stages of my journey buying my first few shares. The lessons taught are of huge value even in today's modern age!!

I would strongly suggest this book to anyone looking to become an investor!

2 of 2 people found this review helpful

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    4 out of 5 stars
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Profile Image for Faisal Khesrawi
  • Faisal Khesrawi
  • 08-06-16

Very good book

Good book albeit a bit slow and long.
Explains all the essential ideas on how to act more intelligently as an investor. The ideas are mostly well known so this book is more for the beginner and less experienced.

14 of 18 people found this review helpful

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  • Amazon Customer
  • 12-12-17

Investor bible

Every investor, new or old should read or listen to this. This man is the Don Corleone of investing

1 of 1 people found this review helpful

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  • Fred Osei and Maeva
  • 04-18-18

Dreadful

Poor naration, was falling asleep listening to it. Couldn't finish! Not for UK investors. Outdated.

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    4 out of 5 stars
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  • mariana
  • 04-09-18

Insightful

Very insightful with lots of brilliant tips. Maybe a more compact version would be easier to finish.

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  • Anonymous User
  • 04-07-18

The best guide to investment!

this book explains many phenomena on Wall Stree and will alert you to possible risks

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    4 out of 5 stars
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  • MR EDWARD C F FOWKES
  • 01-29-18

The bible of slow and steady

Feels a bit out of date as the examples are old however the principles undoubtedly remain as can be seen by the performance stats on modern, even social, investment websites.
Very detailed to the point of long winded. I cannot help feeling that the message could have largely been delivered by a sentence or three however it probably needed several hours to make it sink in!
Everyone should get this message unless they are buying stocks as an alternative to visiting the races.

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  • Filip
  • 11-08-17

Insightful and grounding!

A very different point of view of the concept of investing and what constitutes a sound investment.

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  • Amazon Customer
  • 07-01-17

Classic with useful commentary

The book is very interesting and the commentaries help keep it up to date. A recommended read for all investors.

0 of 1 people found this review helpful

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  • Bhavik
  • 06-27-16

Ideal for paperback

Content is absolutely fantastic. Graham teaches you how to be a rational investor in any market which is irrational by nature. Best to read the hard copy as done if the illustration don't come across well in audio book.

5 of 5 people found this review helpful

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  • john
  • 10-16-15

Awesome and very detailed listening!

I tried to read this book many times, but listening to it using audible made the very dry content much easier to comprehend, for me anyway!

3 of 3 people found this review helpful

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  • Campbell Burrowes
  • 03-02-17

1.5x Speed and you're away and laughing...

A lot to get through and very informative, found turning speed up helped with energy of delivery immensely! (was like a completely different person)

2 of 2 people found this review helpful

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    4 out of 5 stars
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  • Bernard Haasbroek
  • 12-25-15

Not optimised for listening

A great book meant for re-reading but not optimised for listening. It is very difficult to follow tables, graphs and figures by listening alone, so I would recommend against audio-booking technical volumes.

2 of 3 people found this review helpful

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    4 out of 5 stars
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  • Edward
  • 01-03-18

Deep, thorough, insightful, intelligent, dry

This reads like a bible on the subject. Providing very detailed analysis of a huge amount of information, this is surely one that any serious investor should read.
I will, however, share my criticisms... First of all, the book makes reference to the author several times which was very confusing. (How can a narrator reference the author?) It appears to jump back and forth in time when referencing 'now'. eg: at some points it refers constantly to the 1970's while in other parts it jumps to the 2000 .com bubble. In addition to these confusing traits, the book references large tables, which makes it very hard to follow for a book on tape listener. (And for the non-american, the author references US stocks and bonds in all of his examples, which makes it a little hard to relate to).
Having said all of this, the reasoning and the practices are sound and Benjamin Graham is obviously an authority on what he is writing about. With all of the difficulties I mentioned above, I learned so much on the subject and gained confidence to assess and make investment decisions. Graham provides practical strategy and example again and again. From descriptions of different stocks and bonds, to company analysis and comparisons, to general investment strategies such as dollar average costing and index fund investing, there is so much to learn here. I will come back to this to read again one day to pick up some of the stuff that slipped through the cracks on the first read. I would recommend this one for sure, but it is not an easy listen.

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  • Mark
  • 02-28-17

Difficult as audio book

This was challenging as an audio book. it was very hard to tell which parts were commentary and which parts were Benjamin Graham's original words.

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  • Dimitrios Darios
  • 02-17-17

sobering and enlightening

basically everyone should listen to this and kerb their enthusiasm before going into this.since most people mistake investing for speculating.

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  • Karl
  • 02-23-16

great book for aspiring investors

Graham clearly explains several different types of investments and when to buy and sell, Luke Daniels speaks clearly and is easy to understand