THE INTELLIGENT INVESTOR

I read the first edition of this book early in 1950, when I was nine-
teen. I thought then that it was by far the best book about investing
ever written. I still think it is.
To invest successfully over a lifetime does not require a strato-
spheric IQ, unusual business insights, or inside information.
What’s needed is a sound intellectual framework for making deci-
sions and the ability to keep emotions from corroding that frame-
work. This book precisely and clearly prescribes the proper
framework. You must supply the emotional discipline.