Security Analysis: The Classic 1940 Edition 2nd Edition, Kindle Edition

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ISBN-13: 978-0071412285
ISBN-10: 9780071707572
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Editorial Reviews

From the Publisher

Benjamin Graham was a seminal figure on Wall Street and is widely acknowledged to be the father of modern security analysis. The founder of the value school of investing and founder and former president of the Graham-Newman corporation investment fund, Graham taught at Columbia University's Graduate School of Business from 1928 through 1957. He popularized the examination of price-to-earnings (P/E) ratios, debt-to-equity ratios, dividend records, book values, and earnings growth, and also wrote the popular investors' guide The Intelligent Investor.

David Dodd was a colleague of Benjamin Graham's at Columbia University, where he was an assistant professor of finance.

--This text refers to the hardcover edition.

From the Back Cover

The Long-Awaited Reprint of Graham and Dodd's Masterful First Revision

The first edition of Security Analysis, published in 1934, forever changed the theory and practice of successful investing. Yet the remainder of that tumultuous decade brought unprecedented upheaval to the financial world, compelling Benjamin Graham and David Dodd to produce a comprehensively revised second edition.

It is that edition, out of print for decades, that you now hold in your hands. Security Analysis, Second Edition, published in 1940, is considered by many (including legendary Graham student Warren Buffett) to be vastly superior to the first. Yet after three subsequent editions and over six decades, the insightful and instructive second edition could be found only in rare bookshops and closely-guarded private collections.

McGraw-Hill, the book's original publisher, is honored to publish Security Analysis: The Classic 1940 Edition. Identical in every meaningful aspect to the classic original, this is the long-awaited book that set the tone for decades of value investors. Let it provide you with a greater understanding of this country's financial heritage, along with timeless value investing insights that have proven relevant and profitable in all types of markets and financial environments--and will never go out of style.

"The lapse of six years since first publication of this work supplies the excuse, if not the necessity, for the present comprehensive revision ... We have revised our text with a number of objectives in view. There are weaknesses to be corrected and some new judgments to be substituted."--From the Preface

The names Graham and Dodd have come to be inextricably linked in the minds of thoughtful, disciplined investors. Their 1934 book Security Analysis made the two synonymous with intelligent, long-term investing, and forever changed the face of Wall Street. While post-Crash traders and investors treasured the book for its rigorous honesty, determined logic, and unequalled track record of success, the authors saw only the "weaknesses to be corrected."

The second edition of Security Analysis, published in 1940, allowed Ben Graham and David Dodd to set the record straight. It was considered by many then, and is considered by many now--including Graham student and disciple Warren Buffett, to be superior in many ways to the first. Still, as subsequent revised editions appeared, the once-indispensable second edition fell out of print and became virtually impossible to locate.

With Security Analysis: The Classic 1940 Edition, McGraw-Hill returns this long-sought investment classic to the marketplace. While its timeless advice--that investors should ignore social trends, company prospects, and management styles to focus on the balance sheet--is as vital today as it was in 1940, it is the book's updated insights and observations that justify its importance in the annals of both investing and publishing.

Even as the financial world sang the praises of 1934's groundbreaking Security Analysis, Benjamin Graham and David Dodd knew they could improve it. And that they did, with the 1940 publication of a brilliant second edition. Now, after having been unavailable for decades, this influential book returns in Security Analysis: The Classic 1940 Edition. As powerful today as it was for investors six decades back, it will reacquaint you with the foundations of value investing--more relevant than ever in tumultuous 21st century markets--and allow you to own the only book that could rightfully claim to have improved upon the eloquent first edition of Security Analysis.

--This text refers to the hardcover edition.

Product details

  • File Size: 38865 KB
  • Print Length: 868 pages
  • Simultaneous Device Usage: Up to 4 simultaneous devices, per publisher limits
  • Publisher: McGraw-Hill Education; 2 edition (October 31, 2002)
  • Publication Date: October 31, 2002
  • Sold by: Amazon.com Services LLC
  • Language: English
  • ISBN-10: 0071707573
  • ISBN-13: 978-0071707572
  • ASIN: B007VLQPQE
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #148,184 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

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Robert Vanden Berghe
5.0 out of 5 stars When I read somewhere that an intelligent man like Warren Buffet studied this work time and ...
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Leonardo Freitas Andrade
5.0 out of 5 stars O livro é Ouro
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5.0 out of 5 stars MAGNIFICO
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5.0 out of 5 stars OTTIMO LIBRO LO CONSIGLIO
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5.0 out of 5 stars Good book, but not for beginers
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Mauro78
5.0 out of 5 stars Everyone involved in finance, investment and banking must read it
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5.0 out of 5 stars Awesome bool
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4.0 out of 5 stars Excelente
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stefano
5.0 out of 5 stars Very Great book!!!
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Mc Nair
5.0 out of 5 stars Bible of investing !
Reviewed in Canada on October 22, 2016
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4.0 out of 5 stars Investissement Vs. spéculation : security analysis (en anglais)
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5.0 out of 5 stars Un'opera fondamentale per chi vogli investire in modo consapevole
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Scoot
5.0 out of 5 stars Fantastic book!
Reviewed in Canada on January 15, 2014
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