The Intelligent Investor

A must-read for anyone who desires a greater understanding of stock markets, and how regular people can make money outside of speculative actions on the market. This book clearly defines boundaries between stock market speculation, and stock market investment, which is probably the most important lesson that wannabe investors should grasp.

Graham's writing is often hard to chew and digest. The presence of commentary on each chapter by Jason Zweig, however, ameliorates the difficulty by providing well-written, often funny, insights into how Graham's teachings still apply to the stock market.