Tuesday, November 07, 2006

Benjamin Graham on Value Investing - Book Review

Benjamin Graham on Value Investing: Lessons from the Dean of Wall Street





What Is It About?

This book is obviously about Benjamin Graham, considered the progenitor of value investing. The material covered in this book is a mix of biography and a review of Graham's development and practice of value investing.

What Did I Get Out Of It As A New Investor?

The book provides an insight to Graham's personal background which explains the motivating factors behind the development of value investing. The best part of the book from an investing point of view is Chapter Seven. In that chapter the author provides a 14 point check list of what Graham's ideas are all about. I think the summary is a good overview of the main ideas of Graham and what he is writing about in some of his other books, such as Security Analysis.

The Good News

The book is a good introduction to Benjamin Graham the man and his views on investing. Chapter Seven provides a worth reading summary which introduces the new investor to Graham's main canons.

The Bad News

The book is not a terribly engaging read. The author has created a niche by writing books on successful individuals. The book reads as if it follows a formula for efficiently producing such manuscripts. While the subject matter is definitely interesting, the style of writing shows a bit of fatigue.

The Bottom Line

If you want to learn about Benjamin Graham this is as good a place to start as any. I would recommend you check it out from the library.

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