Value investing1949
The Intelligent Investor
Benjamin Graham
A foundation for margin of safety, Mr. Market, and separating investing from speculation.
FAQ
When should I read it?
When you need a clearer framework to estimate value instead of forecasting short-term price.
Can I copy it exactly?
No. Test its assumptions against your costs, taxes, legal setting, and risk capacity.
What should I do after reading?
Write three principles, one checklist, and one real decision to test.