A guide to The Intelligent Investor, Security Analysis, and The Wealth of Nations
Framework
by
Preston George Pysh
2012
2012
A framework book that distills the value-investing principles shaping Warren Buffett’s investing style. It simplifies and explains the core ideas from three foundational works Buffett often cites—The Intelligent Investor and Security Analysis (both by Benjamin Graham) and The Wealth of Nations (by Adam Smith)—presenting them in an accessible, example-driven way.
November 2025
Wanted to read The Wealth of Nations for years but found the original difficult, so I read this to grasp its core ideas. A great book for early investors with clear explanations of bonds, stocks, and yield. The chapters on valuing stocks and bonds were excellent. Takeaway: Cash flow from bonds is a tool to capitalize on stock market drawdowns. Learned about the Thayer method of learning—a self-teaching approach I already use but hadn’t known by name. Read 2012 paperback.