"The Intelligent Investor" by Benjamin Graham is a seminal work on value investing and prudent financial management. First published in 1949, the book provides timeless principles for building wealth over the long term while managing risk. Graham advocates for a value investing approach, recommending that investors buy stocks and securities at prices significantly below their intrinsic value to ensure a margin of safety. He distinguishes between intelligent investing and speculative practices, urging readers to adopt a disciplined, long-term perspective rather than attempting to time the market or chase short-term gains. Key concepts include the importance of risk management through diversification and maintaining emotional discipline to avoid reacting impulsively to market fluctuations. The book outlines various investment strategies, including defensive approaches focused on stability and enterprising strategies seeking undervalued opportunities. Graham’s insights have profoundly influenced successful investors and continue to offer valuable guidance for both novice and experienced investors today.