The intelligent investor : the classic text on value investing

Introduction: What this book expects to accomplish

Part I: General approaches to investment. What the intelligent investor can accomplish ; The investor and stock-market fluctuations ; The investor and his advisers ; General portfolio policy : the defensive investor ; Portfolio policy for the aggressive investor : negative approach ; Portfolio policy for the enterprising investor : the positive side

Part II: Principles of security selection. United States savings bonds : a boon to investors ; Security analysis for the lay investor : general approach ; Stock selection for the defensive investor ; Stock selection for the enterprising investor : the appraisal method ; Detection of undervalued issues by security analysis : three examples ; The pattern of change in stock earnings and stock prices ; Group studies of earnings and price developments

Part III: The investor as business owner. Stockholders and managements ; A study of stockholder-management relations in two industries

Part IV: Conclusion. "Margin of safety" as the central concept of investment

Appendix: Buying and selling by "central value" method