The Intelligent Investor, written and revised over the years by Ben Graham, with commentary by Jason Zweig is an excellent book for investors, not speculators. Graham's advice is mostly timeless, and where necessary, Zweig updates the reader with what has changed. Graham's writing is a bit dry, but indepth and instructive. Zweig's notes on each chapter are a good read.
With the whole subprime mess going on now, and Zweig's references to the tech crash, it was interesting to read Graham's notes about the previous financial industry craziness he had witnessed. The actual product being hyped changes, but the greed that drives people stays constant.
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