The Intelligent Investor (book)

*The Intelligent Investor* by Benjamin Graham is a foundational investment book emphasizing disciplined, value-oriented investing. It advocates for analyzing a stock’s intrinsic worth versus its market price, encouraging investors to buy undervalued stocks and exercise patience. The book distinguishes between "investment" (focused on long-term security) and "speculation" (short-term betting) and highlights the importance of emotional control and sound decision-making. Graham’s core message is that careful research and a rational approach can lead to financial success, reducing risk and avoiding impulsive mistakes in the volatile world of the stock market.