[2] The Intelligent Investor also marks a significant deviation in stock selection from Graham's earlier works, such as Security Analysis.

[5] This is because value investing strategies believe the market overreacts to price changes in the short term, without taking into account a company’s fundamentals for long-term growth.

Mr. Market is an obliging fellow who turns up every day at the shareholder's door offering to buy or sell his shares at a different price.

The investor is advised to concentrate on the real life performance of his companies and receiving dividends, rather than be too concerned with Mr. Market's often irrational behavior.

In order to invest for value successfully and avoid participating in short-term market booms and busts, determining the value of companies is essential.

Mathematically, by multiplying forecasted earnings over a certain number of years times a capitalization factor of a company, value can be determined and then compared to the actual price of a stock.

Ronald Moy, professor of economics and finance at St. John’s University, explains that “The influence of Graham's methodology is indisputable.

His disciples represent a virtual who's who of value investors, including Warren Buffett, Bill Ruane, and Walter Schloss”.

[9] Many of Graham’s investment strategies explained in the book remain useful today despite massive growth and change in the economy.

[5] Scholar Kenneth D. Roose of Oberlin College writes, “Graham’s book continues to provide one of the clearest, most readable, and wisest discussions of the problems of the average investor”.