Items related to Security Analysis
Synopsis
This classic book secured Benjamin Graham's status as a Wall street immortal. the carefully honed methods for finding undervalued stocks and bonds he described here have never been equaled, and have already outlived their author by more than 20 years. Even as Security Analysis has gone through five editions and nearly a million copes, you can learn time-tested investment secrets and strategies by going back to the source - THE ORIGINAL - and paying close attention to its wisdom. Written just five years after the crash, Security Analysis's message today is just as vivid, just as lucid, and just as vital as it was in 1934.
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From the Author
Security Analysis is the bible of fundamental analysis. Originally published in 1934, the tome systematically lays bare the science of security analysis. Written with the assistance of cowriter David Dodd, Benjamin Graham's intellectual tour de force has yet to be equaled in the annals of investing. Written only a few years after the devastating stock market crash of 1929, Graham had one objective--to make the investment process as safe as possible using knowledge of key factors about the business.
Beginning with bonds and moving quickly to stocks, Graham and Dodd go over all of the angles. Articulating a comprehensive theory of fixed-value and common stock investment, they examine in detail the various factors that one should consider when valuing securities. Dividends, extraordinary items, depreciation, amortization, capital structure and balance sheet analysis are all described and defined in lurid detail. It is impossible to read Security Analysis and not come away with a deeper understanding of corporate finance and how it relates to investing.
On the downside, let's be frank--Security Analysis is not an easy book to read. However, it remains one of the key textbooks for communicating fundamental analysis to millions of MBAs, in spite of the fact that it first saw print 63 years ago. I personally believe that reading and understanding most of Security Analysis would make a great benchmark for determining whether or not you are ready to start investing your money in specific investments. Sure, Graham is very value-biased in his investment philosophy, but looking for growth without focusing on the price you are paying is the golden road to underperformance.
From the Back Cover
"After twenty-five years the 'classic' has been updated...big bath accounting, value investing, duration, junk bonds, shareholder's rights...eternal truths. It's all here...a must for serious investors."
--John B. Neff, Managing Partner, Wellington Management Company
"With the original edition of this book...Ben Graham and Dave Dodd invented the profession of financial analysis for investment. This entirely new edition honors that past and gives investment professionals an invitation to the future."
--Charles D. Ellis, Partner, Greenwich Associates
"I'm delighted, as are most other investment professionals, that this classic book has been updated....It has a hands-on orientation providing plenty of real-life examples that...set it apart from most other investment textbooks. I believe that readers will find this version better presented and hence easier to read than previous editions."
--James L. Farrell, Jr., Chariman, MPT Associates
"The Fifth Edition provides a comprehensive treatment of the analysis of financial statements, the development of future earnings expectations and the valuation of stocks and bonds."
--William S. Gray, Investment Consultant, Harris Trust and Savings Bank
"It is good to have a newly revised edition of the most famous book in the investment counsel profession."
--John M. Templeton, Chairman, Templeton International
"At a time when many investment books either treat security analysis mechanically or omit any reference to it altogether, the fifth edition of Security Analysis--the most influential book on investing ever written--is required reading for every serious investor."
--Jack Treynor, President, Treynor Capital Management, Inc., and Professor of Finance, University of Southern California
"An absolutely essential tool for the serious investor in both equity and debt securities."
--Leon G. Cooperman, Partner-in-Charge Investment Research and Co-Chairman of the Investment Policy Committee, Goldman, Sachs & Co
"The continental European analyst can only (again) be envious of the wealth of data and tools which the book describes, such as long historical records accessible by the computer, listing of reporting and tax ruls, etc."
--P. A. van de Pavard, econ. drs., CFA, European Federation of Security Analysts, (Board member)
"Security Analysis is essential to a proper understanding of investment fundamentals, as it has been since 1934."
--Frederick L. Muller, President, Atlanta Capital Management Company
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Security Analysis
Seller: Salish Sea Books, Bellingham, WA, U.S.A.
Seller rating 5 out of 5 stars
Condition: Very Good. Very Good+; Hardcover; Very light wear to the covers; Clean textblock edges; The endpapers and all text pages are bright and unmarked; The binding is excellent with a straight spine; This book will be shipped in a sturdy cardboard box with foam padding; Medium Format (8.5" - 9.75" tall); 2.6 lbs; Dark blue-black leather covered boards with title in gold lettering along the spine, gilt top textblock edge, and black satin bookmark; 1997, Mcgraw-Hill Publishing; 735 pages; "Security Analysis," by Benjamin Graham & David L. Dodd. Seller Inventory # SKU-1555AJ07605113
Quantity: 1 available
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Security Analysis
Seller: Bingo Books 2, Vancouver, WA, U.S.A.
Seller rating 4 out of 5 stars
Hardcover. Condition: Fine. HARDBACK BOOK IN FINE CONDITION,FACSIMILE,LIMITED EDITION OF THE ORIGINAL,LIMITED TO 1000 COPIES,NUMBER 125. Seller Inventory # 91257
Quantity: 1 available