I learned most of the thoughts in this investment discussion from Ben Graham’s book The Intelligent Investor, which I bought in 1949. My financial life changed with that purchase… For me, the key points were laid out in what later editions labeled Chapters 8 and 20. (The original 1949 edition numbered its chapters differently.) These points guide my investing decisions today… Of all the investments I ever made, buying Ben’s book was the best (except for my purchase of two marriage licenses).