audiobooks

This is a must read for any person serious about investing (ie not gambling) in the stock market. The book is rather easy to read. Graham was an investor but also a teacher (at Columbia). He has a good balance between technical yet simple explanation. If you know absolutely nothing about the stock market and financials, you may still find it a bit obscure at time, but you should probably not invest directly anyway (at least not right away). For everyone else, read it.
Yes the latest edition was written in 1972. It is amusing at time to see the evolution. But actually this evolution is also part of what you learn by reading the book. You do see that some things never change (like valuing a company!), and others do change quite a bit. it gives you a nice perspective. Now the intersting part of the book is to understand the logic of Graham, less its conclusions. The conclusions date a bit. Graham used to work at a time when most corporations where industrial companies, when nowadays services are dominant for example. So take graham conclucions with a grain of salt. But do read in depth and try to understand his logic.
Value investing won't make you rich overnight. But reasonnably well done, it will avoid having you lose money, and can even open you the doors of year by year over-performance in the market. Warren Buffett and several other successfull investors have followed the approach of Graham. But as they all say, when you first read about value investing, you either understand it right away, or you never will. But trust my 15 year of investing on the stock market, you're better of understanding the value of value investing. And this book is the key to it.

Intelligent Investor is the single greatest book ever written on investing. Look at Ben Graham's track record, all of several of his students (including Warren Buffett) have also built foutunes using his advice.

I got this book because of a Lou Rukeyser panelist who recommended it for understanding the latest milieu in the stock market. I found this book densely written, boring and of no practical value. A one year subscription to Money magazine would be better spent if you are truly a novice and are interested in portfolio analysis.
Graham gives little insight to the market, focusing on how building your portfolio with bonds and stocks for long-term (ie. buy and hold) growth. Does anyone still believe that garbage? If they do have they held thru last debacle in the market and made money?
Perhaps Graham has great things to say, but alas, not here.