• The Intelligent Investor

  • The Classic Best Seller on Value Investing
  • By: Benjamin Graham
  • Narrated by: Bill McGowan
  • Length: 2 hrs and 44 mins
  • 3.9 out of 5 stars (1,150 ratings)

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The Intelligent Investor

By: Benjamin Graham
Narrated by: Bill McGowan
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Publisher's Summary

The classic best seller by Benjamin Graham, perhaps the greatest investment advisor of the 20th century, The Intelligent Investor has taught and inspired hundreds of thousands of people worldwide. Since its original publication in 1949, Benjamin Graham's book has remained the most respected guide to investing, due to his timeless philosophy of "value investing", which helps protect investors against areas of (possible) substantial error and teaches them to develop long-term strategies which they will be comfortable with down the road.

Among this audiobook's special features are the use of numerous comparisons of pairs of common stocks to bring out their elements of strength and weakness and the construction of investment portfolios designed to meet specific requirements of quality and price attractiveness.

©1973, 1996, 2005 HarperCollins Publishers, Inc. (P)1973, 1996, 2005 HarperCollins Publishers, Inc.

Critic Reviews

"By far the best book on investing ever written." (Warren E. Buffett)

What listeners say about The Intelligent Investor

Average Customer Ratings
Overall
  • 4 out of 5 stars
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    466
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  • Overall
    4 out of 5 stars

The Thumbnail sketch of the book...

They're not kidding when they call this the "abridged version of The Intelligent Investor! How do you take a 700 page book and boil it down to under 3 hours and maintain much of the content? This is good if you want the general idea of what Graham is talking about, but if you're looking for nuts and bolts... I'd look elsewhere.

30 people found this helpful

  • Overall
    2 out of 5 stars

Investment say what?

I am an average guy, and this book seems to be for the average investor. It speaks about that topic of the "average investor" a lot, and yet it doesn't speak on our level. It teaches you nothing of what to do, and only tells you what not to do. Basically tells me to invest my money somewhere different than the stock market.

20 people found this helpful

  • Overall
    4 out of 5 stars

very useful, unfortunately abridged

This book is extremely valuable for any investor. It gives you the plateform to become a true investor rather than speculator. But, unfortunately it is not available as unabridged.If you get unabridged than you are very lucky and go ahead beore spending your hard earned money unintelligently

18 people found this helpful

  • Overall
    4 out of 5 stars

Condensed classic

The Intelligent Investor is a mainstay of the finance literature. Warren Buffett -- one of the world's richest men and an acolyte of Graham -- is said to have read this book dozens of times until he could recite much of the book.

The original text edition is hundreds of pages long. The audiobook is just over two hours. How can a very fat book then lose so much weight in the audio version and remain healthy? I personally own and have read from cover to cover the full book. Comparing the full text with this audiobook, there is no doubt the abridgment takes away a lot of the flavor and substance. Many of Graham's lessons are lost. Plus, in my text edition every chapter has an additional commentary from Jason Zweig (a Graham disciple and author of "The Intelligent Investor" column in the Wall Street Journal). This edition does not have any commentary and only has the most basic of Graham's lessons.

Despite the drawbacks I would recommend this audiobook. As far as I know this is the best audio version of Graham's work. The audio includes Graham's most enduring lessons like the investor vs. speculator distinction, 'Mr. Market' metaphor, defensive vs. aggressive investors, and the basics of his enduring investing philosophy.

I also find this audio convenient for reference. Due to its brevity an intelligent investor can quickly review Graham's investing basics during a longer car ride and regain some comfort during bear markets (I recently re-listened to this. For reference: this review is being written 8/7/11). You cannot beat Graham for his erudition, clear writing style, and great recommendations. For those of you who have not yet read this book you will find that Graham's words are like mothers milk for your net-worth.

14 people found this helpful

  • Overall
    5 out of 5 stars

Investing vs. Speculation

This is a philosophy of investing money in stocks and bonds. It examines the behavior of the market since the depression and illustrates the futility of trying to time the market or outsmart people who spent 100 hours a week doing this for a living. Hedge fund managers work from 4AM to 8PM every day chasing investments. Can you hope to beat them by spending 30 minutes a day? Absolutely not! You have to take a different tact than they do. Graham's value investing is one such tact.

13 people found this helpful

  • Overall
    1 out of 5 stars
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    4 out of 5 stars
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    1 out of 5 stars

Great book, awful abridged version

What would have made The Intelligent Investor better?

I shouldn't be so short. I read the original printed version and there is so much more in it! They basically read a summary of the book and sold it as an abridged version. Total waste of a credit.

What could Benjamin Graham have done to make this a more enjoyable book for you?

Nothing. The original book is awesome.

Would you be willing to try another one of Bill McGowan’s performances?

Yes. The narration was very good.

You didn’t love this book... but did it have any redeeming qualities?

Not this version

Any additional comments?

I didn't know that an abridged version could be so much shorter then the original one.

12 people found this helpful

  • Overall
    2 out of 5 stars

redundant

Very repetitive and a bit "preachy." Could have been summarized in about 3 minutes. I would not recommend investing 3 hours of your time.

7 people found this helpful

  • Overall
    1 out of 5 stars
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    1 out of 5 stars

Misleading.

this is only a fraction of the original book and only a few chapters. waste of money or credit.

3 people found this helpful

  • Overall
    3 out of 5 stars

Sad and a bit dated

the most recent reference is from the 70's. It does give a enjoyable history of Stock, Prefered Stk and Bonds but it is very negative on purpose to ward off novice investors with plans on making a fortune in the stock market.

3 people found this helpful

  • Overall
    4 out of 5 stars
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    4 out of 5 stars

for pro's

its great! but short. 100% useful if you're advanced in stock market already. like it

2 people found this helpful

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  • Overall
    1 out of 5 stars
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  • Matthew
  • 02-13-10

Corked!

I know this book is supposed to be a classic, and I'm sure there are many valuable lessons to be extracted from it, but I think one would be better off buying the latest revision of the book rather than this audio book.

This audio book is like a good wine that has been lying too long in the cellar. It just seems so dry, and out of date, and the reader is terribly monotonous. He talks about "this tape" and refers to 1971 as "now". Come on! Get someone more lively to read it.

I listen to audio books when I'm running and have enjoyed many books on Investing that way. I've attempted to listen to this one twice, but never get past the first 30 minutes. The sound of tumbleweed in my head just becomes unbearable. I might try reading the book instead.

10 people found this helpful

  • Overall
    5 out of 5 stars
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  • Gavin
  • 10-28-09

Excellent book but can be difficult

You'd find it hard to find a better book on value investing than this one. Written over 50 years ago there have been many newer versions printed with updates on the numbers and with recommendations from people such as Warren Buffett it has to be worth the money.

A few things you need to understand before reading/listening is what the difference between common stocks and bonds of all kinds are and also what the DJIA (Dow Jones Industrial Average) is. With these basics under your belt the book makes good listening/reading. Can be tough to get through if it's the first time you are reading about investing but keep reading/listening... you'll be glad you did.

This book won't make you rich in the short term but certainly could lead to riches in the future!! Good Luck and enjoy!

4 people found this helpful

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    1 out of 5 stars
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  • Ana Figueira
  • 04-22-19

Not the full book

It only has 3 of the 20 chapters that are in the original book, not happy with this purchase

3 people found this helpful

  • Overall
    2 out of 5 stars
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    2 out of 5 stars
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    2 out of 5 stars
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  • Mr
  • 06-15-19

*Not* the full book.

If you're expecting the wisdom of the investing ages here, don't. This is essentially a period piece which mostly discusses the economic situation circa 1972. There are some of Grahams basic principle in here, but if you're planning to use his system to invest your own funds, you need to get the full book.

Narrator is a bit dry.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
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    5 out of 5 stars
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  • Nashat
  • 07-14-18

very nice book,

very nice book, at the point and accurate title that reflect the subject. the audio is clear and attractive

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
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    5 out of 5 stars
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  • Mr J Phan
  • 08-31-16

Inspiring

Would you recommend this audiobook to a friend? If so, why?

I am a follower of Warren Buffet and I found out that Benjamin Graham being his teacher. I rushed to read more. I have read books by Robert Kiyosaki and found that Benjamin cut to the core of value investing than any modern day investors guide. I can see why this man is attribute to creating the investors bible called "Security Analysis".

Word of warning, "Security Analysis " reads like a physics textbook, I advise buying the kindle version. Since there are charts and other things you will need to review. IF you want a summary of the idea's he outlined in the book. This book is the next best thing.

What did you like best about this story?

It connected to something that I have tried to reconcile my whole life. In this modern day, there are so many quick rich schemes and snake oil sales men telling you how to make money quick. There are fundamental things in this book that reaffirmed my ideology and my slow and stead approach to stock investing.

Which scene did you most enjoy?

The breakdown of fund and index trackers. Showing how Trackers over the long period was better performing through mathematical representation.

Was there a moment in the book that particularly moved you?

n/a

Any additional comments?

none

  • Overall
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars
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  • Jack
  • 01-17-15

Concise and easy to follow

The old basics still ring true today and you can see why this is Warren Buffet's bread and butter. Certainly not the only book I'll be reading to further my stock trading knowledge but a great base to build from.

  • Overall
    3 out of 5 stars
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  • karthikeyan
  • 04-29-12

What a book and what a narrator!

This is a classic book on value and I am not sure whether the narrator was asked to cut short his time (to get the best value) He seems to be in a hurry and I would recommend buying the book itself. In the end thats what I did. The narrator did cause me a serious headache.

I do not have to talk about the value of this book and the contents in it , he only reason I put up with the narrator and heard the full audio for only one and only time.

Please read the previous reviewers comment and I would strongly recommend audible to do the book with a new narrator.

The remaining 2 stars as a negative only because of the audio format (the narrator again)

  • Overall
    4 out of 5 stars
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  • Remy
  • 02-07-12

a must read

this book is a must read when it comes to value investing. The examples, however, are quite old but the guideline can be applied and must be applied for long term investment strategy. In short, if you like speculate (scalping, day trading, swing trading and so on) this book is not for you.

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  • Overall
    3 out of 5 stars
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    4 out of 5 stars
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    3 out of 5 stars
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  • Jake
  • 04-24-17

Heavy Listening

Would you recommend this book to a friend? Why or why not?

Yes, However I would trust that my friend would need to be interested in the history of finance and able to cope with some of the more technical ideas and terminology used in this book.

If this book were a film would you go see it?

No. It is too data heavy to make an engaging documentary or film.

Any additional comments?

Having a background or at least a thorough understanding of basic investment ideas and principles is recommended before listening. I attempted to use it as an introduction to investing and was disappointed. I have since listened to it again but I feel others give a gentler and less data orientated delivery to Grahams approach many of which are updated for a more modern portfolio.

2 people found this helpful

  • Overall
    5 out of 5 stars
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    5 out of 5 stars
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    4 out of 5 stars
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  • Anonymous User
  • 11-13-22

just needing the charts

the book is great however I am wondering how we can view the charts that are mentioned

  • Overall
    2 out of 5 stars
  • Performance
    2 out of 5 stars
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    2 out of 5 stars
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  • M. R. Gjestland
  • 08-20-20

Repetitive and thin on detail

Well save yourself a few hours if you want to understand the principles of diversification and margin of safety multiple times over and various general platitudes...left with very little additional knowledge for the time invested