| ||||||||||||||||||
 Trade In this Item for up to £9.30
Trade in Security Analysis: The Classic 1934 Edition for an Amazon.co.uk gift card of up to £9.30, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Find more products eligible for trade-in.
|
|
There is a newer edition of this item:
|
Frequently Bought Together
Product details
|
More About the Authors
Discover books, learn about writers, and more.
Product Description
Review
Product Description
Rare is the opportunity to see, much less own, an original. But this unusual, carefully crafted reproduction of Benjamin Graham and David Dodd's immortal Security Analysis gives you that chance--to read and treasure a true classic--the book that gave birth to value investing.
Continuously in print through five editions, for more than 60 years, and through nearly a million copies, the primer for many of America's most illustrious investors--and the wellspring of Graham and Dodd's Wall Street Immortality--Security Analysis is indisputably the most influential book on investing ever written. Still the investors' bible, it's as frequently consulted today as it was when it first appeared in 1934.
Of course, over the years and over five editions, Security Analysis changed. Its language was modernized. New material was added. Metaphors and examples were brought up to date. In the light of changing times, these alterations were necessary and appropriate.
But what of the original book? The very durability of this work arouses our curiosity. And what we discover when we return to the original is very simply a classic, a work whose uncompromising worth has not paled since it first saw the light of day in 1934.
The original words of Benjamin Graham and David Dodd--put to paper not long after the disastrous Stock Market Crash of 1929--still have the mesmerizing qualities of rigorous honesty and diligent scrutiny, the same riveting power of disciplined thought and determined logic that gave the work its first distinction and began its illustrious career.
The words you will read here are eloquent. Not only a financial genius and a man of high repute for honorable dealings, Graham was a man of letters invited to teach in the literature department at Columbia University (as well as in the economics and philosophy departments).
But this reproduction is far more than a historical curiosity, an interesting object, and a delightful read. It presents the original Graham/Dodd method of investing--told in their own words as they first described it in the 1930s.
What exactly is this method that has drawn such longterm devotion in the notably fickle reaches of Wall Street?
Graham and Dodd were Wall Street's first bargain shoppers. In this book they first explain their methods for locating bonds and stocks "which are selling well below the levels apparently justified by a careful analysis of the relevant facts." In this book, they tell you precisely how to find these undervalued securities and analyze those "relevant facts."
Are these methods still practical and usable today? The great fortunes created by value investors Warren Buffett, Mario Gabelli, John Neff, Michael Price, and John Bogle testify that they certainly are.
In their preface to this book, Graham and Dodd write that they hope their work "will stand the test of the ever enigmatic future." There is no doubt that it has.
This distinctively wrought book is a careful reproduction of the 1934 edition, containing every word of the original.
Analysis connotes the careful study of available facts with the attempt to draw conclusions therefrom based on established principles and sound logic. Read the first page
Concordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product)
|
Sell a Digital Version of This Book in the Kindle Store
What Other Items Do Customers Buy After Viewing This Item?
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
5 of 5 people found the following review helpful:
2.0 out of 5 stars
A waste of money,
By A Customer
This review is from: Security Analysis: Fifth Edition (Graham and Dodd's Security Analysis, 5th ed) (Hardcover)
Go buy the classic 1934 edition. The informal style of the 1934 edition can be easily read and understood by just about anyone. If that one was good enough for Warren Buffet, it's good enough for the rest of us. This latest edition reeks of academic arrogance and is poorly written with points that ramble on forever with no conclusion and examples that make no sense. The 1934 edition has some outdated examples but its concepts and forecasts are so true that you'd swear it was a historical perspective written in recent years.
3 of 3 people found the following review helpful:
4.0 out of 5 stars
Good for detailed Statement Analysis,
By A Customer
This review is from: Security Analysis: Fifth Edition (Graham and Dodd's Security Analysis, 5th ed) (Hardcover)
This book is definitely not for beginners. It would be best used by someone who is going to do a very detailed analysis of company statements. It would be particularly helpful for someone trying to learn about the typical ways of window-dressing financial statements.
3 of 3 people found the following review helpful:
5.0 out of 5 stars
A MUST READ for any serious stock picker....,
By A Customer
This review is from: Security Analysis: The Classic 1934 Edition (Hardcover)
Sure, some of the finer details and paradigms of investing have changed since 1934. But so many facets of investing are timeless, and for those facets, there IS no better book. It's cool having the 1934-style print, too. It really feels like reading an old book...if only the pages had the yellowing edges and that "old book" smell!And even in the areas of securities analysis where the investing paradigm has shifted, it's captivating to see the hows and whys of investment decisions as they were made in the depths of the Great Depression. The first-person perspective you get about investing through the Depression is fascinating! Some of the more esoteric aspects of determining the "intrinsic value" of a security are described in ways which are surprisingly and refreshingly easy for even advanced beginners to understand. No serious investor who picks his/her own stocks should be without it.
Share your thoughts with other customers: Create your own review
Would you like to see more reviews about this item?
|
Most Recent Customer Reviews |
Listmania!
|
|
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
|
