THE INTELIGENT INVESTOR
"The Intelligent Investor" by Benjamin Graham emphasizes value investing, distinguishing it from speculation. Key principles include buying undervalued stocks with a margin of safety, understanding market fluctuations through the Mr. Market metaphor, and focusing on long-term, fundamental analysis. Graham advises two investor types: defensive (passive) investors, who prefer low-risk investments, and enterprising (active) investors, who seek higher returns through detailed research. The book underscores the importance of emotional discipline and historical financial analysis in making sound investment decisions.