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Edition quirks
Years ago I read David Chilton's "The Wealthy Barber" and was instantly hooked by its accessibility and plain common sense regarding investing and financial planning. If the "The Wealthy Barber" was grade school, "The Intelligent Investor" is college. Not nearly as accessible, but so much more fulfilling and useful in everyday terms. This most recent edition ups the ante even further by including commentary from financial writer Jason Zweig, updating Graham's classic text with examples from the boom and bust of 1996-2001. Graham explains the principles of value investing clearly and with passion for his subject. As Santayana wrote, "Those who do not know history are doomed to repeat it." Graham knows his history, and provides this guidebook for how to spare yourself that doom. I enjoyed every minute of it, and learn something from it every time I pick it up.
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