Warren Buffett's 3 Favorite Books: A guide to The Intelligent Investor, Security Analysis, and The Wealth of Nations Paperback – June 6, 2012

Pysh has created more than a book here. He has architected an informational community to smash the fears of investing that so many people have with a hammer of data, numbers and process that I personally was looking for. My biggest comment for potential readers like you is that you cannot only read this book if you expect to fully learn and undergo the phenomenal informational deep-dive that Pysh presents. You must take the time to read each chapter, follow up with each of the free videos that go through further explanation of the chapter, do the free exercises and examples, and use the free website for further information. This will take A LOT of time, but it's worth it. For many, taking meticulous notes may be a really good idea to centralize the key teachings they need. The free site also has a great discussion forum that is pretty active and gives even more information for people to develop a progressive understanding of the investment strategies. I want to underscore that all of this additional information on Pysh's site is FREE and work with the content in the book. You do not have to pay for anything, and there are no subscriptions.Having read many investment books in the past, this has been the best one. If you want quantitative facts and a desire to learn about what all the ratios mean that investors use, how they interact with one another, the importance of bonds, and more importantly how much publicly reported business financials inform, this is the book to go with. Yes, the issues with typos mentioned in some of the comments are true, and it made me skeptical about the attention to detail of the author at first. Though there aren't many typos, hopefully Pysh will have an opportunity to edit a second edition. I also read a comment here that Pysh isn't an academician or economist, so why should he be an expert or write this book. As a regular-Joe investor, I appreciate that Pysh learned this all on his own, tested and prodded the process he made, and connected the investment strategies of Buffett with those he teaches. It's what makes him be able to explain everything in methodical, simple ways so that people can understand them. For me, that speaks volumes about the credibility he brings.This book is so worth your money, as is the time you put into taking advantages of the supplemental information on Pysh's site that go with it.

This book is fantastic! I currently hold an MBA and I've studied all the great books on Warren Buffett and Ben Graham for the past 8 years and all I can say is that this is one of the greatest books on value investing that I have ever read. It's a very simple to follow book and the main points on value investing are clearly laid out and easy to understand. I wish I would have had this book 8 years ago when I was starting out in this field. Also, the videos on his website are awesome. The videos go into greater detail from what the book covers so you get a good overall complementary course between the book and videos. He also has a forum on his website where you can ask questions and he helps answer your questions.This book would make for a great high school or college graduation gift as it's a simple read and exposes you to value investing and understanding the difference between price and value. Price is what you pay and value is what you get.Also, I encourage you to read his recommended books that he recommends at the end of his book and on his website (The Intelligent Investor, Reading Financial Reports for Dummies, and The Bond Book) just to name a few.

A great book into the world of understanding numbers underlying business performance. The author has done a remarkable job of simplifying the complex world of value investing and security analysis for the layman. Book provides an overview of basic financial instruments such as Bonds, Stocks, Funds, and Indexes as well as goes into detail of how to calculate a business' intrinsic value. In addition, author also suggests benchmark values for key performance ratios such as a less than 15 for PE ratio, a <0.5 for D/E ratio, an expected 7% or more YOY increase on BV (per share), a <1.5 for current ratio and others. Besides helping the reader understand the world of investing, share mechanisms for making money, the book also urges - albeit very briefly - the reader to understand why make a lot of money and what it may mean to others who do not have as much. Author also provides videos to explain all the concepts in the book on his website, which further solidify learning.The reason for giving this book one star short of five is that the author relied heavily on the layout of MSN Money website, which seems to have changed significantly since the publication of this book. There is no longer a navigation bar on the left hand side nor could I find a 10 year summary for various ratios on the site. I find it shortsighted on author's part to write a long lasting document against a short lived website design. Other than that, this book is really good.

Even for someone familiar with the concepts discussed in the book, I found it refreshingly accessible and useful.I bought the Kindle version of this book, which comes with links to the author's webpage that includes other learning aids. I highly recommend the book for the following reasons:1. The technical concepts are accurately explained, so readers are getting an excellent discussion of basic finance and investing.2. The style of the book is conversational (it covers complicated concepts such as bond value/interest rate relationships from the simple story of Billy's Lemonade Stand) and non-technical.3. It marries the nuts and bolts of a business model with investing. It disabuses anyone from thinking of investing as another form of gambling.4. The progression from simple to sophisticated concepts is well paced and with the online resources, forms a good self-study program.In the age of the television financial high priest whose claim to legitimacy is achieved by deepening the mystery of investing, Mr. Pysc has written a down-to-earth book that everyone who has a pension account, a college savings fund or brokerage account should read. At the very least, it would allow one to ask intelligent questions of our financial advisors.