The Intelligent Investor

I am reading Benjamin Graham's "The Intelligent Investor" and I believe it should be made mandatory reading for everyone...on second thoughts, may be not. I heard much about the book and its greatness but none of the reviews actually did full justice to the book. It explains such a complicated (atleast to me) and confusing subject like investing in the stock market very lucidly and plainly. Makes you wonder many times why you didn't think about it all before.

This is the 2003 edition I am talking about. This edition is an updated version and also has an excellent commentary after every chapter as well as interesting footnootes by Jason Zwieg. The first edition of this book was published in 1949.