I finally finished this seminar book after reading for almost three years. It was simply too dry and too painful so I used it mostly as a sleep catalyst: i.e. I read it when I cannot sleep. Usually, I don't get pass a couple of pages which was why it took three years. To be honest the book was marginally helpful. It was written so many years ago that a lot of the case studies are now unrelatable and the whole section on fixed income was simply too technical. I can understand why Benjamin Graham wrote The Intelligent investor. So that his philosophy can be more easily understood by to the layperson. It was definitely a better read. That said, the book was seminar because it introduced all the original value investing concepts. It described the original thinking about stocks, it popularized valuation methodologies, how we should look at financial...