Intelligent Investor Outdated?

I just finished part 1: General Approaches to Investment and it seemed alright. It was mostly about the mental approach to investing. Then, I get to part 2: Principles of Security Selection and can't help but to think that this is outdated. Is it, I mean it was written in the 40s?

 

x2. Get the updated version. Written right before 1970. Some of the material is outdated. (i.e. warrants, some accounting stuff, etc...)

As GoodBread said, the philosophy is the real value of this book. Graham teaches you how to think intelligently, how to view market pullbacks, ideas for undervalued security, and the concept of margin of safety.

Timeless stuff.

 

There's still many long/short equity funds that are based on that general philosophy, it's obviously not outdated...

On another note though, I cant believe you can actually get through that book chapter by chapter.........

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
 

Buying assets at a discount is always in style.

********************************* “The American father is never seen in London. He passes his life entirely in Wall Street and communicates with his family once a month by means of a telegram in cipher.” - Oscar Wilde
 

Yyou want an assault on active investing? Read "John Bogle on Investing: The First 50 Years"

Thick as a phone book and very repetitive. But he does make a good argument for indexing, especially for average joe's that don't specialize in investing.

 

I tried reading it a few years ago, but was too bored to do anything other than skim. This is coming from someone who read Natenburg for fun, hah.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

I've read The Intelligent Investor and, although the contents seem to appear old by today's standards, thought it to be an informative read. Another book I thought was good was Peter Lynch's "One Up on Wall Street".

As one poster alluded to earlier, these books are based off the value investing approach.

 

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