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Read the 4th Revised Edition instead If you want to read Graham, read the 4th revised edition (1997, 368 pages) in which Graham has expressed his idea very clearly. To me, this edition (2003, 640 pages, with Jason Zweig) adds no value upon the previous one but noise. And, I suggest you read the review titled "Classic book, but annoying commentaries" of June 30, 2004.