The philosophy of Value Investing—the strategy of buying assets priced below their intrinsic worth—is arguably the most successful investment approach ever devised. Its intellectual foundation rests entirely on the works of Benjamin Graham and his most famous student, Warren Buffett. The books penned by or about these giants are mandatory reading for anyone serious about long-term financial success, providing timeless principles that transcend market cycles and technological change.

Benjamin Graham: The Father of Value Investing

Benjamin Graham is the undisputed intellectual father of value investing. His two seminal works defined the discipline and remain the primary texts for investors worldwide.

1. The Intelligent Investor (1949)

Warren Buffett famously calls this “by far the best book on investing ever written.” Unlike a textbook on technical analysis, The Intelligent Investor focuses on investor psychology and philosophical discipline, aimed squarely at the “defensive” (or passive) investor.

• The Investor vs. The Speculator: