Play Sample

The Intelligent Investor audiobook

(107378 ratings)
33% Cheaper than Audible
Get for $0.00
  • $9.99 per book vs $14.95 at Audible
    Good for any title to download and keep
  • Listen at up to 4.5x speed
    Good for any title to download and keep
  • Fall asleep to your favorite books
    Set a sleep timer while you listen
  • Unlimited listening to our Classics.
    Listen to thousands of classics for no extra cost. Ever
Loading ...
Regular Price: 16.99 USD

The Intelligent Investor Audiobook Summary

“By far the best book on investing ever written.” –Warren Buffett

The definitive book on value investing, this hardcover edition feature’s Benjamin Graham’s original wisdom from 1949 and includes a foreword by John C. Bogle, founder of The Vanguard Group

The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham’s philosophy of “value investing”–which shields investors from substantial error and teaches them to develop long-term strategies–has made The Intelligent Investor the stock market bible ever since its original publication.

Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

Other Top Audiobooks

The Intelligent Investor Audiobook Narrator

Bill McGowan is the narrator of The Intelligent Investor audiobook that was written by Benjamin Graham

Bill McGowan is the founder and CEO of Clarity Media Group. A two-time Emmy Award-winning correspondent, McGowan has conducted hundreds of interviews with newsmakers, CEOs, celebrities, authors, editors, attorneys, and athletes. McGowan now uses that experience to coach and train everyone from corporate CEOs to celebrities such as New York Giants quarterback Eli Manning, the actress Katherine Heigl, and the jazz great Wynton Marsalis. He also speaks regularly to large corporate audiences at such companies as Credit Suisse, Conde Nast, and Campbell's.

Alisa Bowman has collaborated on seven New York Times bestselling books. Her articles have appeared in Prevention, Family Circle, , and many other national magazines.

About the Author(s) of The Intelligent Investor

Benjamin Graham is the author of The Intelligent Investor

The Intelligent Investor Full Details

Narrator Bill McGowan
Length 2 hours 45 minutes
Author Benjamin Graham
Publisher HarperAudio
Release date June 21, 2005
ISBN 9780060854300


The publisher of the The Intelligent Investor is HarperAudio. includes the following subjects: The BISAC Subject Code is Business & Economics, Investing, Personal Finance

Additional info

The publisher of the The Intelligent Investor is HarperAudio. The imprint is HarperAudio. It is supplied by HarperAudio. The ISBN-13 is 9780060854300.

Global Availability

This book is only available in the United States.

Goodreads Reviews


November 09, 2008

OK, the recent stock market drops scared me. I got hit by the drops in 99 and said I would never let it happen again. This time I had what I thought would be value stocks. The problem was I didn't know if I should sell or hold the stocks. So for $8 I bought a used copy of Ben Graham's book. I stopped reading my other book and read this book like crazy. It was the best $8 ever spent. It teaches you some basics about the behavior of the market and it teaches you to be very careful. I learned some key's to determining the value of stocks and to buy stocks with a margin of safety relative to other stocks. I did find that some of my "Value Stocks" weren't all that great. I absolutely recommend this book, especially right now. Now is a great opportunity to pick up value stocks that have dropped a bunch. They dropped not because that are bad stocks but because Mr. Market has dropped and they've been pulled down.


November 09, 2013

Okay, this is the book to read if you are serious about investing in stocks. Benjamin Graham's "value investing" method is the time-tested "choose 'em carefully and hold 'em" long-term strategy used by Warren Buffett. Benjamin Graham is the man that Warren Buffett calls The Man. So, you know, if you want to be rich like Warren Buffett, read this book.... Of course it's not that easy. This book is long, dense, and dry. And even if you read and absorb every page, you're still not going to be Warren Buffett. But you'll be a lot more informed about stock investing. Most of it is about how to analyze the actual long-term value of a stock, which means diving deep into company financial statements. Not just picking one based on a favorable history or because you think you can predict a stock is about to take off because you're sure the company is the next Apple. (Hey, remember in the 80s when Apple seemed all but dead? Meanwhile, how's that Kodak stock looking?)Make no mistake, this is not one of those self-help "How to beat the market" books. It's pretty much a textbook, with graphs and charts and long complicated financial terms that you need to study as seriously as you studied for your college final exams (well, maybe more seriously than that) if you're really going to get anything out of it. It is not for the dabbler, the mildly interested, or the "can't wrap my head around complicated formulas" investor.No, no, I have not gotten rich like Warren Buffett. I didn't buy Apple in the 80s, either.


December 02, 2012

To be honest, the commentary and footnotes of this book were more useful to me than the original content. The book in its original form is obviously outdated in terms of the specific examples it gives for ways to invest and the different companies it details. However, the commentary by Jason Zweig draws from the fundamental messages behind the book to provide more up-to-date advice on how to invest. Undoubtedly, Benjamin Graham provided the foundation for the commentary with his book, but I personally found Zweig's portions easier to read and relate to.I'd recommend The Random Walk Guide to Investing: Ten Rules for Financial Success for a simpler, more straight-forward alternative to this book. It's not that I wouldn't advise anyone to read The Intelligent Investor, it's just that if you don't have the time to plod your way through Graham's outdated details, either skip straight to the commentary, or check out Malkiel's book. You won't go wrong either way, and you definitely won't go wrong if you want to try and read this thing in its entirety. It was just difficult for me to do so.


May 11, 2022

Frankly speaking, this book is not easy to understand if you don’t have any knowledge of share markets. A lot of financial jargon and terms were used to explain the investment. I recommend reading it because there are a lot of principles and analyses of buying shares, bonds, etc.A must-read book for market share investment with examples of public listed companies' statistics and graphs. To sum up, we can invest by following the author’s golden rules. “Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop. “It simply means being patient, disciplined, and eager to learn; you must also be able to harness your emotions and think for yourself.


June 21, 2019

Intelligent Investor by many is considered to be the best book on value investing that you will ever read. The book is written by Benjamin Graham who was Warren Buffett’s lecturer at Columbia University. Warren Buffett, one of the greatest investors of all time, personally endorses it and says that this is, by far, the best book on investing. He says that stock is an ownership interest in a company and is something completely opposite to speculation, day trading or anything like that.At the beginning of the book, Graham outlines what he terms as investing as opposed to speculation. Basically, investing is where you aim to preserve the capital and you thoroughly research the shares so that, within a certain extent, guarantee what kind of earnings you’re going to get from that investment. In other words, invest only if you would feel comfortable to hold the stock in the future without seeing the fluctuating prices. That’s the essence of value investing.Nevertheless, what Graham really highlights, apart from research and a plethora of ratios you should be able to evaluate, is how the psychology and logic of the investor really matter and how to keep your emotions under control. He goes through different types of investors, starting from the defensive investor who is someone a lot more careful. It could be even called the passive investor because he invests and then leaves the wallet allowing it to grow. Next, we have the entrepreneurial investor who is someone willing to and has time to do a lot more research to look for undervalued companies that he can put their money in and watch it grow over time. He also argues that most people should be the defensive investor because the entrepreneurial investor approach does require a lot of time. Too much time for someone who also has a full-time job at the same time as being an investor. Next, he talks a lot about asset allocation. Generally speaking, it is about diversification of your investments where 75% of your portfolio you should be in stocks as the market is rising and 25% of it in bonds or other fixed-income assets. Of course, 75% to 25% is just approximation. As the market hits its peak (or what you think might be the peak) you should start to sell off your shares and start aiming at bonds which then should represent 75% of your wallet. When the recession hits rock bottom you should repeat the circle and go back to shares. Graham also gives his advice on further diversifications of companies in your wallet, their size and ratios they should present. Intelligent Investor is a pretty old book and was written 1949 so you could expect some dry and a bit old-fashion language. Nevertheless, it was updated several times and I would recommend the latest version as each chapter was enhanced by comments provided by Jason Zweig. This adds a lot of value because he goes through what Graham is talking about and applies that to modern times and companies. On the other hand, as the book...(if you like to read my full review please visit my blog https://leadersarereaders.blog/the-in...)


February 24, 2018

I saw that Benjamin Graham was Buffet's professor at Columbia and one of his closest friends. In fact Buffet named one of his kids after Graham. The Intelligent Investor teaches the philosophy that Buffet learned at school and went on to find massive success with. It does not teach people to ride market waves or speculate. Instead it instructs those who follow its teachings to calculate the intrinsic value of companies, find the ones that are either under priced or successful, but proven to have long term proven success capabilities, and then create a portfolio with those.The defensive investor does this, then puts new money in every month and checks on the ratios of his/her portfolio ever quarter or six months to make sure its still balanced (hypothetically lets say 60% stocks 40% bonds) this reduces drifting and ensures long term revenue, even if it's not the absolute highest one can earn it's still consistent and positive. Because their choices were made based on intrinsic value and not market prices, these companies are good long term investments and the investor doesnt have to sell and buy new ones constantly. It's also suggested to have companies spanning all sectors to reduce risk by diversifying.


January 07, 2017

Warren Buffet calls out, "(this is) by far the best book on investing ever written."……rest other testimonials are just reiterations. ------------P.S. Not for traders.P.P.S. Don't forget to read Jason Zweig's commentary after each chapter to get the current context. Most of the times, those help to understand the original text much better.


November 07, 2014

This is an amazing book. I read it when I was 13 and what I've learned has stuck in my head ever since. It changed my whole way of thinking about the stock market and investing in general.


July 09, 2009

Why I Read this Book: Warren Buffet became the successful man he is today greatly as a result of what he learned from the man who wrote this book. We have the chance to read exactly what he read.Review:Whether you are an avid investor with a complex understanding of the markets or a beginner who is yet to start learning, there is little doubt that you have heard of Warren Buffet. He represents a level of success that very few people ever reach. Most of us know Buffet as the second richest man in the world, but many of us do not stop to think that he has build his great fortune solely off of investing. He has not invented anything or built any specific business. He has gotten to where he is by nothing more than diligent value and principle based investing (with very little debt I might add).I apologize for the long rant on Buffet especially since he only wrote the first few pages of this edition. The man behind this book’s genius is Benjamin Graham. It was many of his fundamentals and principles that got Buffet started with a foundation that soon grew to be insurmountable. The amazing thing is that anyone interested in these principles has the opportunity to buy a copy of this book for less than twenty dollars. It continues to blow me away; the amount of success-related knowledge that is available to us for the learning.To be very honest up front, this is not the easiest read. It is written by a 20th century economist and quite frankly it often reads just like that. But to that note one should not pick this book up for humor and entertainment as much as he should to learn. Although there will be times when you will find yourself laughing or smiling at some of the stories told and how they ring true even today in our ever more sophisticated world. One such example is the concept of emotional investing, one of which most all of us have been guilty at one time or another. It is worth mentioning that for every bit of hard theory, this particular revised addition of the book has just about as much digestible commentary (courtesy of Jason Zweig) to help the reader through. This commentary is crucial to the level of satisfaction of the read.I would not dare to get into the specifics of this book as I would not do them justice and I feel that the above should be more than enough reason to read the full edition. However I will comment on the over all tone of it. The book (as well as Buffet’s proven strategy) is based on a fundamental set of principles. These principles are something that, no matter what the circumstances, is never to be broken. This is how the rigor of an “intelligent investor” is maintained. I believe this to be the real difference between Graham and Buffet and the rest of the investment community (If you have not already, you should be sure to read Buffet’ s 13 principles on Berkshire’s website). Both these men display an inhumane level of disciple to stick to the very principles they have developed.Having a principle-based investment strategy is something that will prove to be of much value as one progresses along his career (or hobby) of successful investing. If you are able to decide on a set of principles (be them your own or those of others) and stick to them at all costs, decisions suddenly become much more fluid and easy to make. How else do you think Buffet can make a $4 billon investment before lunch time?The real reason I mention this is that it has a much greater underlying message. If principle based investing has proven so successful (provided your principles are sound of course) then imagine what can be accomplished in the overall success of ones life if you live by a firm set of principles and core values. This quickly becomes clear once you read through some of the top rated books in my personal development section. By now I hope you have already developed your set of core values by which to live. Now take advantage of this book to establish a similar set of values by which to judge personal investments. The added long term financial success will be explicit. Then again I guess you could just buy Berkshire, but perhaps you should make that decision for yourself after reading the book that helped create it.-Reading For Your Success


May 11, 2020

To say that this book is a heavy piece of work is like saying, obesity is not a problem in the US. No wonder Republicans don't talk about this piece of education enough. It took me two months to read this book. At the end of this book, I ended up having a portfolio of an exigent value that was proofed through every piece of advice around the valuing of a stock. It just so happened that I was finishing this book before making any purchases as the stock market was collapsing due to the covid19 situation. Oh time, you unlovable beloved. I think it would be impossible to write a review of this book. It's not just a book, it's an entire masters education course of personal financial management, without the jargons. However, if I were to oversimplify the hell outta it, here you go - - Investment is NOT speculation. Anyone who says otherwise knows not his/her shit. Investment comes from a state of knowledge, not guesswork. However, one should know how much he/she doesn't know. Be socratic about this. - Buying a stock should be treated as buying a piece of land. You don't want to see the value of the price of your land everyday. Instead you just hope that its price increases in a significant term of time. because of its location, foundations, floor area, number of bodies than can be hidden in the attic, garden access to Narnia, etc. The same goes for stocks. So uninstall those stock tracking apps now. - Your investment portfolio can be built of primarily two things when it comes to security holdings - stocks and bonds. It's necessary to maintain a healthy ratio between the two. A 100% stock portfolio is overtly optimistic. A 100% bond portfolio is overtly pessimistic. As the Buddha said while smoking his third joint, follow the Middle Path i.e not more than 75% stock, not less than 25% bonds. - The key to making money out of securities is in understanding the true value of a company, not checking what the stock price is. How you compute the true value of a company is a science, not an art. The key concept here is “Margin of Safety”. Buy stocks that are clearly underpriced in the market. Look for “no brainer opportunities”, so even if your calculations were a little bit off or specific assumptions about future prospects don’t materialise, you’re still likely to earn a profit. These opportunities are hard to find, but worth waiting for. These stocks especially become much more conspicuous in a bear market. And congratulations, we are now in the early phases of a bear market :)- Inflation is the most misunderstood blow to any portfolio. Account for it. Learn that every government tries to maintain a certain level of inflation (surprise surprise!!!). The longer you want to draw benefit from your portfolio, the more you need to account for inflation. - You truly don't need to have more than 10 securities (bonds and stocks together) to build value. Instead of looking for new stocks every day, just put money into the stocks you have valued and analysed properly at the start of every month when you get your salary. It's called dollar cost averaging. If you are reevaluating your portfolio for more than once in six months, you are doing something wrong. - You can't time the market. YOU SIMPLY CAN'T. So if you feel that a stock has the right value, just buy it. And then forget about it. - Building value for yourself isn't a competition. As a person with a job, you can't possibly hope to beat people who are professional security analysts. So don't even try to. Instead, focus on increasing the value of your own portfolio.- (My own interpretation from the book looking at the current market) Buy an index fund that follows the S&P 500 that follows the market is a pretty safe beginning. This will ensure that if the market makes money, you make money. Moreover, most of these index funds are pretty diverse in their make up, which will surely add some cushioning if you are risk-averse. My biggest learning from this book is the psychological aspect that is needed to be able to use this book. Graham states that an intelligent investor is one with a uniquely balanced temperament to not get influenced by external influences as and when they come up. Wall Street talks a lot. You really don't need to listen to it all the time. I might have oversimplified a lot of things from what I learnt from the book. To get a much deeper understanding, I would highly recommend you read this book. **Something I should add - The interpretations here are my own from reading the book. If you end up losing money by taking these advices at face value, you can't legally sue me. There I said it. Phew.


January 29, 2021

The main value of this book for me was it's age. The original book was published in 1949, after the shocks of Great Depression and WWII, revised in the 1970s after the energy crisis and had a commentary from Jason Zweig from early 2000s reflecting on the dot-com crash. And for those feeling that what's going on in the stock market today is completely exceptional - read this book - in some shape or form, it's all happened before. The book laid out a pretty good case for "value investing" and tried to demonstrate basic analysis of company financials to determine the value of their stock. The analysis part made me realise that the time, effort and financial skill required to successfully do quality analysis for the stock value for hundreds of companies is probably beyond the time and attention that I can commit. It meshes nicely with Jack Bogle's book about index funds on many of the basic points: it's very difficult to "beat the market", but reasonably possible to get the same returns as the market, costs (and losses) cumulate as well as gains, do not get carried away with the buy-sell frenzy and short-term emotions and sentiments on the market.The specific tips and tricks felt a bit outdated - a lot of space was committed for specific types of bonds (US railroads, etc), very little about index funds and ETF-s. I loved one GoodReads user's review this book _"1 star. This book sucks! I read it all I learned was that I should not invest into any of the popular stocks in the market today"_ Well, duh!


August 18, 2014

Wow ... This book is amazing. It is definitely a must read for investors in stock markets. It is not only a "book", it is a "reference".The book shows enormous efforts from GRAHAM; the author, through the editions of this book.The comments by ZWEIG are extremely beneficial and was up to the standard of the original text using updated info and statistics beyond GRAHAM's times. The piece written by BUFFET at the end of the book is such a wonderful one and - nearly - summarizes the whole idea of the book.I will unquestionably read this book again and will always keep it on my desk (or at least in a place where I can reach easily). The index at the end of the book is extremely useful for looking up specific topics that were mentioned in the book.Buffet said chapter 8 and 20 are the most important chapters of the book, and they are. But if I want to add other chapters for people who are interested solely in common stocks, I would recommend reading - in addition - chapters: 4-7, 11-12, 14-15.Finally, I want to thank B.GRAHAM, the author. And W.BUFFET, the author's unique follower and one of the most - or shall I say the most - successful stock investor ever. J.ZWEIG, who - in my opinion - was up to the challenge of bringing the original text to present and to summarize and simplify each chapter by his valuable comments. And finally, HARPER COLLINS, the publisher; for their neat job publishing this book.


March 23, 2014

This is a book that offers down-to-earth, practical advice on investing to a layman audience. Graham's message can be summarized in the last sentence, "to achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." In particular, Graham introduces the following concepts:1. Value Investing. Before selecting a stock, understand the company, protect yourself against serious losses, and aspire to "adequate" not extraordinary performance.2. Protect yourself against inflation by purchasing TIPS. Never predict stock's future return by extrapolating from the past solely. Strive to be cautious.3. Investing is as much a number's game as it is a mind's game. In his words, it is more about "character" than intelligence.This book is packed with wisdom not only for investing but also for life. The advice Graham dispenses advising individuals to be grounded by solid fundamentals and to guard against animal spirits are valid for other life's adventures. This book should be in everyone's toolkit.

Aik Yong

April 23, 2010

The central Idea that I got from this book is that an Index Stock Fund outperforms other equity funds on a historical basis. And sometimes it outperforms active investing too. And from my wife’s portfolio of 5 years, it seems to be true.The other Idea is the emotional Mr. Market. The stock market as a speculative investment is a zero-sum game, and Mr. Market plays the role of the crazy trader who trades stocks at a different price everyday. Of course, the book encourages investing for the long term where the stock value grows along with the economy. But for active investors, it is recommended that they study Mr. Market’s price variations and invest in their preferred stock at their lowest price.Investment here is also specifically mentioned to be different from trading or speculating. Some may call it ‘Fundamental’ investing and what it means is just that one must study the company’s fundamentals (financials/management) before selecting it for investment. Normally the investment would be long term and the only time to sell is if the company’s direction or management does not fit with investor’s requirements anymore.Lastly, the book introduces the concept of Margin of Safety. Of course, the writer puts this concept in context of the Great Depression of the 1930s. The idea is that even if a stock looks cheap on paper, you still can get screwed by the irrational Mr. Market who prices it lower and lower. So a stock that looks borderline cheap is not good enough. Ben Graham recommends to have a bigger Margin of Safety and buy it really cheap. It will help with the sleeping soundly at night too. It is the result of living through the Great Depression and it is a lowering of one’s risk to the point where the returns will be quite limited too.For a basic course in investing, one cannot go wrong with this book, BUT for normal readers, the writing style might be a bit archaic. It IS written quite a long time ago. For those who have read this book, they will have the basics to invest but in order to get a better return, they must next read Common Stocks and Uncommon Profits.

Frequently asked questions

Listening to audiobooks not only easy, it is also very convenient. You can listen to audiobooks on almost every device. From your laptop to your smart phone or even a smart speaker like Apple HomePod or even Alexa. Here’s how you can get started listening to audiobooks.

  • 1. Download your favorite audiobook app such as Speechify.
  • 2. Sign up for an account.
  • 3. Browse the library for the best audiobooks and select the first one for free
  • 4. Download the audiobook file to your device
  • 5. Open the Speechify audiobook app and select the audiobook you want to listen to.
  • 6. Adjust the playback speed and other settings to your preference.
  • 7. Press play and enjoy!

While you can listen to the bestsellers on almost any device, and preferences may vary, generally smart phones are offer the most convenience factor. You could be working out, grocery shopping, or even watching your dog in the dog park on a Saturday morning.
However, most audiobook apps work across multiple devices so you can pick up that riveting new Stephen King book you started at the dog park, back on your laptop when you get back home.

Speechify is one of the best apps for audiobooks. The pricing structure is the most competitive in the market and the app is easy to use. It features the best sellers and award winning authors. Listen to your favorite books or discover new ones and listen to real voice actors read to you. Getting started is easy, the first book is free.

Research showcasing the brain health benefits of reading on a regular basis is wide-ranging and undeniable. However, research comparing the benefits of reading vs listening is much more sparse. According to professor of psychology and author Dr. Kristen Willeumier, though, there is good reason to believe that the reading experience provided by audiobooks offers many of the same brain benefits as reading a physical book.

Audiobooks are recordings of books that are read aloud by a professional voice actor. The recordings are typically available for purchase and download in digital formats such as MP3, WMA, or AAC. They can also be streamed from online services like Speechify, Audible, AppleBooks, or Spotify.
You simply download the app onto your smart phone, create your account, and in Speechify, you can choose your first book, from our vast library of best-sellers and classics, to read for free.

Audiobooks, like real books can add up over time. Here’s where you can listen to audiobooks for free. Speechify let’s you read your first best seller for free. Apart from that, we have a vast selection of free audiobooks that you can enjoy. Get the same rich experience no matter if the book was free or not.

It depends. Yes, there are free audiobooks and paid audiobooks. Speechify offers a blend of both!

It varies. The easiest way depends on a few things. The app and service you use, which device, and platform. Speechify is the easiest way to listen to audiobooks. Downloading the app is quick. It is not a large app and does not eat up space on your iPhone or Android device.
Listening to audiobooks on your smart phone, with Speechify, is the easiest way to listen to audiobooks.