The investor's mercurial partner

WSJ: Charting a Map for Investors

 Excerpt:

Graham liberated the ordinary investor from the tyranny of feeling enslaved to the market's gyrations. In "The Intelligent Investor," aimed at the lay reader and published in 1949, Graham wrote that the investor in stocks was like the partial owner of a business with a mercurial partner, whom Graham dubbed "Mr. Market." "Every day he tells you what he thinks your interest is worth." Some days Mr. Market goes overboard with enthusiasm; on others he is downright depressive. The trick is to invest only when Mr. Market offers a margin for safety—in the belief that, over the long haul, prices will revert to their intrinsic worth. "The Intelligent Investor" became a perennial favorite and, incredibly, remains among the 300 best-selling books on Amazon today (roughly on a par with "Nineteen Eighty-Four" and way ahead of "Shane," published the same year).

Comment: Image source. Graham's book: The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel
Investing leaves knots in my stomach. It's easier to just save in a savings account. But there is risk (falling behind inflation and missed opportunities) in that. Graham's book is indispensable.