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Title: The Intelligent Investor, Revised Edition Authors: Benjamin Graham (1894-1976): The "Father of Value Investing," mentor to Warren Buffett, and Columbia Business School professor whose principles defined modern security analysis. Jason Zweig (Updater): Wall Street Journal investing columnist and expert behavioral finance interpreter for contemporary markets.
Key Insights: This 75-year-old investing bible (updated post-2008 crash) teaches timeless principles:
Mr. Market Parable: Treat market fluctuations as a moody business partner offering irrational buy/sell prices
Margin of Safety: Never overpay: Stocks should cost ≤2/3 of intrinsic value
Defensive vs. Enterprising Investors: Index funds for passive investors Deep-value hunting for active stock pickers
Zweig’s Modern Commentary: Why Graham’s rules still work in crypto/ETF eras Behavioral psychology traps (e.g., "this time is different" fallacy)
书名: 《 聪明的投资者(修订版)》 作者团队: 本杰明·格雷厄姆(1894-1976):"价值投资之父",沃伦·巴菲特的导师,其《证券分析》奠定了现代投资理论基石。 贾森·茨威格(修订者):《华尔街日报》专栏作家,行为金融学专家,负责将经典理论适配当代市场。
核心智慧: 这部75年长销的投资圣典(2008年金融危机后修订)揭示:
市场先生寓言: 把市场波动看作一个情绪化的生意伙伴,总在非理性报价
安全边际原则: 股价≤内在价值2/3时才值得买入
防御型VS进取型策略: 被动投资者首选指数基金 主动投资者挖掘深度价值股
茨威格时代注解: 为何格雷厄姆法则在加密货币/ETF时代依然有效 行为金融陷阱(如"这次不一样"幻觉)
Buffett’s Testimonial: "By far the best book on investing ever written." — 沃伦·巴菲特
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