This book can be viewed as a summary of 'Security Analysis', another of the authors famous books which is generally considered to be the more hard-core text book version on the subject of investing and stock analysis. This book will help an inspiring investor understand what he/she is buying and how to justify the purchase price through arithmetic. Benjamin Graham was a fantastic mathematician so there are plenty of great examples in accounting used. The chapter commentary relates modern examples of the early 2000's tech boom-and-bust to Ben Graham's teachings throughout each chapter and the reader will find that this book is still extremely relevant in today's markets. Recommended to those who are more familiar with financial markets, as the author's writing style assumes his audience to be on a more informed level on the subject of financial markets and equities. For those that enjoy and want a little more, check out 'Security Analysis', by Benjamin Graham and David Dodd. You wont be disappointed.