The Intelligent Investor (by Benjamin Graham)

"The Intelligent Investor" by Benjamin Graham is a foundational book on value investing. It emphasizes the importance of analyzing a company's intrinsic value, maintaining a prudent mindset, and avoiding emotional decisions. The core idea is to purchase undervalued stocks with a margin of safety and to be patient, treating investing as a disciplined, long-term approach rather than a quick-profit scheme. Graham advocates for understanding risk, avoiding speculation, and developing a disciplined strategy to build wealth steadily. The book balances theory with practical advice, making it relevant for both individual investors and professionals seeking to make sound investment choices.