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Investing Classics
The Intelligent Investor
Benjamin Graham
Graham's definitive book for the lay investor: margin of safety, Mr. Market, and the difference between investing and speculating.
Buffett calls it “by far the best book on investing ever written.” The foundation text of value investing.
Recommended by 17 investors
- Warren BuffettRepeatedly in Berkshire shareholder letters; called it 'by far the best book on investing ever written'
- Li LuHimalaya Capital recommended book list (finance section)
- Mohnish PabraiPabrai calls it his 'investment bible' (interviews)
- Guy Spierguyspier.com/books ('where it all started')
- Seth KlarmanKlarman reading list (marketfolly compilation)
- Joel GreenblattGreenblatt's Columbia teaching; emphasizes Chapters 8 & 20
- Bruce GreenwaldColumbia Value Investing program reading list
- Bill AckmanAckman's recommended reading list
- Prem WatsaWatsa is an avowed Graham/Buffett disciple
- Francois RochonRead it after Lynch; cited in his letters
- Mason HawkinsGraham/Buffett lineage central to Longleaf's stated philosophy
- Michael BurryBurry's recommended reading (interviews/old writing)
- Walter SchlossGraham student; taught and lived the Graham approach
- Pat DorseyReferenced as a foundational value text
- Peter LynchReferenced as a foundational value text in his writing
- John TempletonGrounded in Graham-style value discipline
- Whitney TilsonCore text of his stated value philosophy