Great book for beginners. If you want to start investing, go and read this book. You will not find there info about how to pick THE BEST STOCK EVER. Instead, you will find a lot of wisdom and how to cope with investing. What should you avoid, how much time you should spend on investing, where you can put your money; how the best fund manager on Wall Street can't protect you in a crash, etc. There is also a brief history of capitalism.

Some quotes to keep in mind:
Remember, no matter how powerful a company may be today, it won't stay on top forever.
A crash is a unique opportunity to buy stocks cheap.
You can be a genius at analyzing which companies to buy, but unless you have the patience and the courage to hold on the shares, you're an odds-on favorite to become a mediocre investor. It's not always brainpower that separates good investors from bad; often, it's discipline.
People are always looking around for the secret formula for winning on Wall Street, when all along, it's staring them in the face: Buy shares in solid companies with earning power and don't let go of them without a good reason. The stock price going down is not a good reason!
In the last fifty years, we've had nine recessions, so in your lifetime, you're likely to be subjected to a dozen or more.
You can make a better case for calling a bear market a lemming market, in honor of the investors who sell their stocks because everybody else is selling.
* An extended bear market can test everybody's patience and unsettle the most experienced investors. No matter how good you are at picking stocks, you stocks will go down, and just when you think the bottom has been reached, they will go down some more.

Investing is boring, if you like action, don't put your money in stocks. You will be doomed in long-term with such attitude.