The Intelligent Investor

A must-read for anyone who desires a greater understanding of stock markets, and how regular people can make money outside of speculative actions on the market. This book clearly defines boundaries between stock market speculation, and stock market investment, which is probably the most important lesson that wannabe investors should grasp.

Graham's writing is often hard to chew and digest. The presence of commentary on each chapter by Jason Zweig, however, ameliorates the difficulty by providing well-written, often funny, insights into how Graham's teachings still apply to the stock market.

The book itself is good, and comes from a great financial resource (Benjamin Graham). However, it is simply too old for the techniques to be applicable by today's standards. The book is long/dense, and the read itself can be difficult at times.

Not beginner friendly and there a lot of better investing books to recommend to new investors. What you do get out of this book is Graham's mindset when it comes to trading. That in itself is timeless and extremely useful to every investor.

Excellent book - both for people with money, and for the one's without much. Defensive investors and their counterpart. Experts and beginners.
There is a lot to take a way from this book - even if you aren't in the US. Also, though it is dated at some parts, it is still helpful and interesting.