I hate to disagree with another Greg, but greg27 below is way too stingy with the stars here. To suggest that there might be better, more comprehensive compilations out there is a fair criticism. But giving ONE star to ANY Kinks recollection is carrying one's indignation to a ridiculous extreme.
Lately, I've found myself becoming fascinated by budgetline anthologies. They're often full of little off the wall gems (by design? happy accident? who knows?). I had just heard Richard Thompson revive the hypnotic "See My Friends" for his 1000 Years of Popular Music tour and just had to get ahold of the original once again. This bargain CD had that song and a number of other fave raves that are still really gear to this day. It filled my immediate need--and has inspired me to consider investing in some of the more exhaustive compilations, when time and finances permit.
And yeah, there are much more thorough collections out there--many of them. And many of the original albums are available on CD too. But for starters or for old fans from the vinyl days in need of a quick Kinks fix, I wouldn't hesitate to recommend this serendipitous gem. Vol. 1 also looks pretty good, and has more of the obvious selections. But this one has "All Day And All of the Night," "Sunny Afternoon," "Dedicated Follower of Fashion," the aforementioned "Friends" and others that you've likely longsince forgotten but will be glad to reaquaint yourself with. And, of course, Pretenders fans will want to check out the original "Stop Your Sobbing."
The Kinks were the original deceptive rock primitives. Then after a few so-raw-they're-sophisticated, so-dumb-they-have-to-be-smart hits, Ray and the boys proved to the world that they were savvy, sassy and smart. This little collection has the best of the raw and the smooth. You could ask for more, but not at this price.