russia has launched a full-scale war in Ukraine! Donate to the charity fund to support Ukraine and protect the world’s peace.

Support Ukraine

logo

Is Headway the right choice for you? Take the quiz and discover!

Start the quiz
library / 
book

Summary of The Intelligent Investor 

4.6 . 4582 reviews

Short summary

The Intelligent Investor is a masterpiece written by Benjamin Graham as a guide to investors everywhere who need to learn the rules of value investing — an approach that involves putting money in well researched stocks as opposed to just speculating. Benjamin Graham was an American economist, professor, and investor. His books: Security Analysis (1934) with David Dodd and The Intelligent Investor (1949) are the foundation for modern-day investing. His investment philosophy stressed investor psychology, nurturing the intelligent investor mindset. Hailed as the father of value investing, Benjamin Graham sought to educate and inspire young investors through his books. Securities expert and renowned author Jason Zweig also lends his voice in echoing these hard truths and channeling them to the investor of today's market. As you go through this summary, you will be introduced to investing in case you're a newbie. You will then learn how to pick winning stocks, and the psychology needed to stay sane and make profits. “The intelligent investor is a realist who sells to optimists and buys from pessimists.” ~ Benjamin Graham

Table of content

  • Summary of The Intelligent Investor
  • About the author
  • What is The Intelligent Investor about?
  • Who should read The Intelligent Investor
  • Topics in The Intelligent Investor
first key point

Investing is really simple if you take the time to learn it

Listen the first key point
00:00
00:00
By definition, an investor is any person or firm that commits capital with the expectation of receiving financial returns. Investors rely on different financial instruments to earn a return rate and accomplish important financial objectives like building retirement savings, funding a college education, or merely accumulating additional wealth over time.
An investor is an individual who takes calculated risks with hopes of financial return.
An investment is usually an asset bought after careful research to generate an increased monetary return or appreciation in the future.

In this summary, Benjamin Graham and Jason Zweig go deeper and offer more insight into investing. They introduce readers to two terms commonly used in the world of stock exchange trading — investment and speculation. An investment operation ensures the security of your invested capital and a promise of profit. Speculation is an operation that neither assures the security of your money nor your profit at the end of the investment period. Thus, an intelligent investor is involved in ventures that will yield a long–term reward while a speculator is more interested in what they can get in the short–term.

You will understand these two categories of people subsequently. You will also see how to conduct proper research before putting your money out there. At the end of this summary, you will learn how to make the best choice when faced with multiple investment options.
People who invest make money for themselves; people who speculate make money for their brokers. ~ Benjamin Graham
second key point

The intelligent investor is one who makes decisions based on ample research so as to not incur losses

Intelligent investors observe the company whose stocks they want to buy, study the history of gain and losses, and protect themselves from any losses before moving forward to invest. They have long–term goals and know better than to speculate, and that's why they invest in stable stock returns instead.
book
Continue reading with Headway app
Continue reading
Full summary is waiting for you in the app
third key point

The intelligent investor makes wise decisions to stay ahead of the curve

fourth key point

Becoming an investor involves a lot of research and practice

fifth key point

The enterprising investor is an intelligent investor and a risk–taker

sixth key point

The intelligent investor picks the best deal from the multitude of options

seventh key point

Conclusion

Buy full book on AmazonContinue the summary

What is The Intelligent Investor about?

Who should read The Intelligent Investor

book
book

Enjoy summarized nonfiction bestsellers

Grasp the book’s key ideas in less than 15 minutes

Get started

Get new knowledge easily

Let’s check how many titles you can finish in a month with Headway! Tell us how much time you’d like to spend on reading:

2 min/day
5 min/day
10 min/day
15 min/day
20 min/day
30 min/day
45 min/day
4 titles/month
10 titles/month
20 titles/month
30 titles/month
40 titles/month
60 titles/month
90 titles/month
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
4 titles/month
10 titles/month
20 titles/month
30 titles/month
40 titles/month
60 titles/month
90 titles/month
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image
image

Join 30+ million learners around the world

60K5 reviews on App Store and Google Play
icon

Everything you need to be motivate, to learn & to self improves is all here. I actually do appreciate the reminders because otherwise this wouldn’t work for me. Thank you

icon

sandypantalones

icon

Headway is the answer! No longer accumulating books I never read. With Headway, I initially chose the areas important to me such as productivity, time management, etc., and each day I'm provided several book summaries from which I devote 20 minutes or more each day reading. All of this on my phone! My life has improved with Headway. Truly my most useful app.

icon

Carol Slinker

icon

An excellent concept, executed well. Headway can help you retain what you've read while introducing you to the essential core of new information. It's an easier way to stay inspired, and to be reminded of the mental tools you've learned

icon

Fuse Henry

icon

In today’s world, we rarely have time. Between our jobs, our families are social obligations, when do we have time to grow and develop ourselves? Headway is an excellent app that gives you that time it gives you those little snippets of information that you need to direct your focus in on your life. Headway gives you a chance to find out the meat of a book that you might want to purchase and read or listen to in-depth without wasting a lot of time trying to figure out is this book for me? I highly recommend the app.

icon

sleepy sprite

icon

The selections are on point and the summaries are excellent! I listen while I walk my pup 🐶 and have in turn, ordered a few selections! REALLY loving the app, it’s layout, daily selections and features!

icon

JuicyBaby328

icon

I've gotten multiple books out of the library with the intent to read them, but always have a hard time finding the time. This app has helped me finally be able to get to them. Summarized, yes, and thank goodness too! Just short enough I can finish one on my way picking kids up from school/practice, or while I'm cooking dinner. I can't wait to listen to them over the summer when we visit the beach!

icon

Jillian Emmert

icon

It amazed me! There is the possibility to highlight the most important points of each book and instantly translate unfamiliar vocabulary. With the ability to review the searched words. It's a great way to learn more about English as well. The price is great.

icon

Fiamma

icon

I’m enjoying what I’m learning on headway.each summary comes with quotes at the end which you can save to help you remember key points. You can listen or read, I’ve found that reading puts me to sleep before I can finish but the listening feature keeps me engaged and I can finish in a brief amount of time if not one session.

icon

Epic waters

icon

The app it’s so easy to use. I use it while driving or cooking and is great. I love the fact that the chapters are short, so you can finish them quickly. Very knowledgeable.

icon

kathytaveras

icon

The best app for self development.It helps to keep pace with your reading and also suggests the kind of reading material you might like.It is fun as you can switch from reading to listening and vice-versa as per your convenience .Just get started and partake of the treasure of knowledge at your fingertips .I feel lucky to have spotted the app.It has helped me become self-disciplined and much better informed.The audio track is excellent.

icon

anita yadav

icon

Exactly what I need! I always have booklist to read, but can't committed enough to finish/start bc of too much pages. Headway is really helpful and concise with their summary. What I love the most is that the essence of the book is well crafted, so I don't only read the key points, but also there's the story and how personality of the author still well shown through the summary. Well done!

icon

Feninda Amalia

icon

This is outstanding best app ever and honestly whoever came up with is my app is an absolute genius kudos my gratitude definitely goes out and I’m only on my first week free trial and I’m certainly going to purchase this app annually. Now that I have it, I can’t even imagine living without it.

icon

Darlin NIKKIDOLL0923

Have questions?

Asking the right questions brings you closer to achieving your goals

Can I test out Headway before purchasing it for my team?Payment

Sure, we will gladly give you access to our app for a certain period if you are interested in purchasing a corporate subscription for your team. Please fill out the form on the website or email partners@makeheadway.com. We will get back to you soon.

What should I do if some of my employees already have your Premium subscription?Payment

Sure, we will gladly give you access to our app for a certain period if you are interested in purchasing a corporate subscription for your team. Please fill out the form on the website or email partners@makeheadway.com. We will get back to you soon.

Can I increase or decrease the number of subscriptions on my corporate subscription once it’s started?Payment

Sure, we will gladly give you access to our app for a certain period if you are interested in purchasing a corporate subscription for your team. Please fill out the form on the website or email partners@makeheadway.com. We will get back to you soon.

What are the benefits of books summary?

Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.

Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.