The Intelligent Investor - wikipedia The Intelligent Investor The Intelligent Investor First edition Author Benjamin Graham Cover artist Donavan Hayes Country United States Language English Subject Securities, Investment Publisher Harper & Brothers Publication date 1949 Pages 640 ISBN 0 - 06 - 055566 - 1 ( 2008 edition ) OCLC 1723191 LC Class HG4521. G665 The Intelligent Investor by Benjamin Graham, first published in 1949, is a widely acclaimed book on value investing. Contents 1 Background and history 2 Mr. Market 3 Editions 4 Book contents 5 See also 6 References 7 Further reading 8 External links Background and history The Intelligent Investor is based on value investing, an investment approach Graham began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd. This sentiment was echoed by other Graham disciples such as Irving Kahn and Walter Schloss. The Intelligent Investor also marks a significant deviation to stock selection from Graham 's earlier works, such as Security Analysis. He explained the change as : The thing that I have been emphasizing in my own work for the last few years has been the group approach. To try to buy groups of stocks that meet some simple criterion for being undervalued - regardless of the industry and with very little attention to the individual company... I found the results were very good for 50 years. They certainly did twice as well as the Dow Jones. And so my enthusiasm has been transferred from the selective to the group approach. Mr. Market Main article : Mr. Market Graham 's favorite allegory is that of Mr. Market, an obliging fellow who turns up every day at the shareholder 's door offering to buy or sell his shares at a different price. Often, the price quoted by Mr. Market seems plausible, but sometimes it is ridiculous. The investor is free to either agree with his quoted price and trade with him, or ignore him completely. Mr. Market does n't mind this, and will be back the following day to quote another price. The point of this anecdote is that the investor should not regard the whims of Mr. Market as a determining factor in the value of the shares the investor owns. He should profit from market folly rather than participate in it. The investor is advised to concentrate on the real life performance of his companies and receiving dividends, rather than be too concerned with Mr. Market 's often irrational behavior. Editions Since the work was published in 1949 Graham revised it several times, most recently in 1971 -- 72. This was published in 1973 as the `` Fourth Revised Edition '' ISBN 0 - 06 - 015547 - 7, and it included a preface and appendices by Warren Buffett. Graham died in 1976. Commentaries and new footnotes were added to the fourth edition by Jason Zweig, and this new revision was published in 2003. The Intelligent Investor ( Re-issue of the 1949 edition ) by Benjamin Graham. Collins, 2005, 269 pages. ISBN 0 - 06 - 075261 - 0. The Intelligent Investor ( Revised 1973 edition ) by Benjamin Graham and Jason Zweig. HarperBusiness Essentials, 2003, 640 pages. ISBN 0 - 06 - 055566 - 1. An unabridged audio version of the Revised Edition of The Intelligent Investor was also released on July 7, 2015. Book contents 2003 edition Introduction : What This Book Expects to Accomplish Commentary on the Introduction Investment versus Speculation : Results to Be Expected by the Intelligent Investor The Investor and Inflation A Century of Stock Market History : The Level of Stock Market Prices in Early 1972 General Portfolio Policy : The Defensive Investor The Defensive Investor and Common Stocks Portfolio Policy for the Enterprising Investor : Negative Approach Portfolio Policy for the Enterprising Investor : The Positive Side The Investor and Market Fluctuations Investing in Investment Funds The Investor and His Advisers Security Analysis for the Lay Investor : General Approach Things to Consider About Per - Share Earnings A Comparison of Four Listed Companies Stock Selection for the Defensive Investor Stock Selection for the Enterprising Investor Convertible Issues and Warrants Four Extremely Instructive Case Histories and more A Comparison of Eight Pairs of Companies Shareholders and Managements : Dividend Policy `` Margin of Safety '' as the Central Concept of Investment Postscript Commentary on Postscript Appendixes The Superinvestors of Graham - and - Doddsville Important Rules Concerning Taxability of Investment Income and Security Transactions ( in 1972 ) The Basics of Investment Taxation ( Updated as of 2003 ) The New Speculation in Common Stocks A Case History : Aetna Maintenance Co. Tax Accounting for NVF 's Acquisition of Sharon Steel Shares Technological Companies as Investments Endnotes Index See also Security Analysis ( book ) References Jump up ^ Graham, Benjamin ; Jason Zweig ( 2003 - 07 - 08 ) ( 1949 ). The Intelligent Investor. Warren E. Buffett ( collaborator ) ( 2003 ed. ). HarperCollins. front cover. ISBN 0 - 06 - 055566 - 1. Jump up ^ `` An hour with Mr. Graham : `` Imagine -- there seems to be practically a foolproof way of getting good results out of common stock investment... '' ``. 19 February 2013. Jump up ^ Graham, Benjamin ; Jason Zweig ( 2003 - 07 - 08 ) ( 1949 ). The Intelligent Investor. Warren Buffett ( collaborator ) ( 2003 ed. ). HarperCollins. p. vii. ISBN 0 - 06 - 055566 - 1. Jump up ^ `` The Intelligent Investor Rev Ed '' -- via www.audible.com. Further reading Williams, John Burr. The Theory of Investment Value. External links The Intelligent Investor - an Introduction by Tom Butler - Bowdon The Intelligent Investor - Simplified Book Summary by Barry Deen Retrieved from `` https://en.wikipedia.org/w/index.php?title=The_Intelligent_Investor&oldid=800863262 '' Categories : 1949 books Finance books Harper & Brothers books Hidden categories : Pages to import images to Wikidata Talk Contents About Wikipedia Deutsch Français Italiano עברית Русский Svenska ไทย 中文 Edit links This page was last edited on 16 September 2017, at 04 : 00. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: what is the latest edition of the intelligent investor
Answer: Fourth Revised Edition; "Fourth Revised Edition" ISBN 0-06-015547-7; 2003