The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. Famous investor Warren Buffett described it as "by far the best book on investing ever written".
I read the book many years ago when I was just starting to invest. As I did not have any financial education background then, I did not really fully appreciate the essence of the book.
Recently, I felt like picking it up again and I felt that I have a significantly better understanding compared to previously. If anyone were to ask me if I would recommend the book, my response will be that it is a must read, however, a good grasp of financial instruments and some background history of financial markets is essential before jumping into it. No doubt that the book is primarily U.S. market centered, hence, it is also important to already ......