Warrent Buffet swore by this approach to investing, and it’s easy to see why. This is the classic value-based investment guide which has inspired generations of professional investors. The premise is not complicated: determine the value of a company, then compare its market price to that intrinsic value. If you don’t know what it’s worth, you can’t know what to pay for it.

The Intelligent Investor
by Benjamin Graham
Published in 1949