Security Analysis by Benjamin Graham, First Edition (29 results)

Buch. Condition: Neu. Neuware -The timeless edition of Security Analysis that most closely reflects today's financial environment Graham and Dodd's Security Analysis is hands-down the most influential investment book in history. The classic 1951 edition is the first edition of the bestselling investment bible that was written during a time of Security Analysis: The Classic 1951 Edition features a far more contemporary focus on the wisdom and legitimacy of common stocks for individual investors. 770 pp. Englisch.

Buch. Condition: Neu. Neuware -With nearly a million copies sold, Security Analysis has been continuously in print for more than sixty years. No investment book in history had either the immediate impact, or the long-term relevance and value, of its first edition in 1934. By 1951, seventeen years past its original publication and more than a decade beyond its revised and acclaimed 1940 second edition, authors Benjamin Graham and David Dodd had seen business and investment markets travel from the depths of Depression to the heights of recovery, and had observed investor behavior during both the calm of peacetime and the chaos of World War II.Libri GmbH, Europaallee 1, 36244 Bad Hersfeld 770 pp. Englisch.

Hardcover. Condition: Very Good. First Edition. Whittlesey House / McGraw Hill Book Company, 1934; stated First Edition; xi, 725pp. Black cloth binding, scarce. Printed for a small distribution to traders in the US. The book represents the genesis of financial analysis, corporate finance and value investing. This copy bears the purple ink stamp of the Wall Street firm Salomon Bros. & Hutzner's Statistical Department on the front end paper. 8vo, blind stamped border on front board, gilt titling on spine. Very good+ condition. Binding is tight, sturdy, and square; very minor wear to edges of boards; text is clean, with faint wear to the front edge of the page block. An exemplary copy. Warren Buffett reviewed the success of value investing in a speech given on May 17, 1984, at the Columbia University School of Business in honor of the 50th anniversary of the publication of Security Analysis.

Third edition, third impression (i.e. third printing) - as stated upon title page. xiv, 770 pages. Hardcover: H 23.5cm x L 15.75cm. Lacks dust jacket. Dark blue cloth; slender wear/fraying to cloth at front board's bottom edge; spine's gilt stamping remains vibrant. Light staining to text block edges with only interior effect being light ripping at leaves' bottom fore-edge corner margins; interior pages are otherwise clean. Binding is firm. A very good copy. The landmark book in value investing theory by Columbia University professors Benjamin Graham (1894-1976) and David LeFevre Dodd (1895-1988) first published in 1934. With Preface to the Third Edition, Preface to the First Edition, Appendix, and Index. Features fifty-three chapters divided among seven parts titled as: {1} "Survey and Approach;" {2} "Analysis of Financial Statements;" {3} "Fixed-Income Securities;" {4} "The Valuation of Common Stocks;" {5} "Senior Securities with Speculative Features;" and {6} "Stockholders and Management," and {7} "Security Analysis in Action." Please note that this thick book has an approximate shipping weight of 3.5 pounds (1.58 kg) and may require additional postage for any postal class other than domestic Media Mail. {Business-Shelf#7}.

Hardcover. Condition: Good. No Jacket. 1st Edition. 1934|New York:McGraw-Hill Book Company Inc.|Hardcover|9 x 6 inches|725 pages|Stated 1st Edition 8th Impression|Binding slightly loose, all pages remain attached|Pages with yellowing appropriate for an item from 1934, small gift inscription behind front board, 2 lines of marginalia behind back board, table of contents and a few pages following with a noticeable crease to the bottom right corner, lacking highlights/underlines|Boards Good, very light rubbing with two small white spots to back boards, front cover top right hinge with a ~1/4 inch crack, spine gilt well maintained and fully legible|.

The second edition of this classic work, from the library of Ayn Rand with her signature to the front free endpaper. Octavo, original black cloth. Signed by the author of The Fountainhead and Atlas Shrugged, Ayn Rand, on the front free endpaper. Security Analysis would have occupied a central place in Randâs working library, supplying technical depth for her moral defense of laissez-faire capitalism. Benjamin Graham and David Dodd framed investment as a disciplined science of valuation, grounded in demonstrable fact rather than sentiment or fashion. Their approach required estimates of intrinsic worth, commitment to a strict margin of safety, reconstruction of earnings power across time, close reading of the balance sheet as evidence of genuine strength or latent risk. Such procedures harmonized with Randâs epistemology, which treated reason as the proper standard of knowledge and judgment, while locating capital formation in productive intelligence operating through voluntary exchange. Randâs sustained engagement with economic questions further underscores the volumeâs personal relevance. Her social circle included serious financial thinkers, most notably Alan Greenspan, later a contributor of economic essays to her projects, an articulate defender of the institutional foundations of free markets. More than a routine reference text, this copy testifies to Randâs esteem for a rigorous, anti-speculative account of capital allocation in a free society. Within her collection, the work served as a technical analogue to Objectivism, portraying the investor as a moral agent whose pursuit of wealth rests on knowledge, independence, responsibility, fidelity to reality, not impulse, social duty, political favor. Near fine in the rare original dust jacket, which is price-clipped. An exceptional association. Continuously in print through five editions, for more than 80 years, and with nearly a million copies sold, Security Analysis is indisputably the most influential book on investing ever written. Known as the investors' bible, it is as frequently consulted today as it was when it first appeared 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.

Hardcover. Condition: Good. 1st Edition. FIRST EDITON, SECOND PRINTING, INSCRIBED BY GRAHAM. Inscribed in ink by Graham on the front free endpaper: "To Meyer Willett / with the regards of / Benj. Graham / Oct. 1935". With the recipient's bookplate on the front pastedown. Inscribed copies of Security Analysis are exceedingly rare. Also with front panel and front flap of legendarily rare original dust jacket. Security Analysis marked the foundation of a new discipline, introducing to the financial world the now-essential concepts of security analysis, fundamental analysis, and value investing. Graham and Dodd transformed investing from what was often a purely speculative business with decisions based on misinformation, reaction, and emotion to a legitimate science based on systematic reason, logic, and analysis. "Graham, the senior figure in the Graham-Dodd pairing, is known as the 'father of modern security analysis.' He had been a Wall Street wunderkind in the 1920s, before seeing his firm nearly wiped out by the Great Crash. Security Analysis was an attempt to draw principles from that experience. Graham mocked the empty investment slogans that passed for wisdom before 1929--like, 'Pick out those individual companies which are most likely to grow rapidly.' Instead he preached a rigorous analysis of what was most knowable about a security--the company's expected earnings and the expected interest/dividends over a relatively near term, its tangible assets, and their relation to the security's price. The wise investor, moreover, always left a good 'margin of safety' between her judgement of the company's value and the price she was willing to pay" (Morris, The Sages: Warren Buffett, George Soros, Paul Volcker, and the Maelstrom of Markets). The recipient, Meyer Willett, was a senior partner in the investment firm Bristol & Willett. He held a seat on the New York Stock Exchange and spent his working life on Wall Street. With "Second Printing" on copyright page. New York: Whittlesey House / McGraw Hill, 1934. Octavo, original black cloth. Cloth with significant wear at edges, particularly the corners where there is some chipping; some patches of discoloration to boards. Text very good with only some small spots of dampstaining at extreme edges of some pages (far away from text). The dust jacket is essentially never seen - here the front panel and front flap have amazingly survived. ONE OF THE MOST IMPORTANT WORKS IN THE HISTORY OF FINANCE; WITH SCARCE GRAHAM INSCRIPTION.

Hardcover. Condition: Very Good. Dust Jacket Condition: Very Good-. First Edition; First Printing. Hardcover. 8vo. McGraw-Hill Book Company, Inc, New York. 1934. Xi, 725 pgs. First Edition/First Printing. Bound in red cloth boards with gilt titles present to the spine. Boards have shelf-wear present to the extremities (boards are lightly rubbed and worn). Previous owner's name present to the FFEP. Text has a word underlined on pg. Vii of the preface but is otherwise clean and free of marks. Binding tight and solid. Security Analysis has been continuously in print for more than sixty years. No investment book in history had either the immediate impact, or the long-term relevance and value, of its first edition in 1934. By 1951, seventeen years past its original publication and more than a decade beyond its revised and acclaimed 1940 second edition, authors Benjamin Graham and David Dodd had seen business and investment markets travel from the depths of Depression to the heights of recovery, and had observed investor behavior during both the calm of peacetime and the chaos of World War II. The focus of the book, however, remains its timeless guidance and advice--that careful analysis of balance sheets is the primary road to investment success, with all other considerations little more than distractions. The authors had seen and survived the Great Depression as well as the political and financial instabilities of World War II and were now better able to outline a program for sensible and profitable investing in the latter half of the century. ; 8vo 8" - 9" tall; 770 pages.

Cloth. Condition: Near fine. The first edition, fourth printing of Security Analysis by Professors Benjamin Graham and David L. Dodd. (illustrator). First Edition, Fourth Printing. Octavo, xi, [1], 725pp, [5pp]. Black cloth, title stamped in gilt on spine. Stated "fourth printing" with 1934 date on the copyright page. Bookplate affixed to front endpaper. Solid text block, faint foxing to endpapers, lightly bumped front corner. Free of marginalia or notable wear. Illustrated with multiple graphs and charts. A great example of this important work in financial theory. Security Analysis: Principles and Technique by Columbia University professors Benjamin Graham and David Dodd was first published in 1934 by McGraw-Hill Book Company of New York. This landmark work in investment strategy was written during the intense stock market volatility of the early 1930s. Graham and Dodd criticize Wall Street for its focus on earnings per share, instead encouraging investors to look at the value of business operations. This was later known as "Value Investing," or looking at the long term profitability of a firm and investing in companies that were undervalued by the market.

Cloth. Condition: Very good. The first edition, fifth impression of Security Analysis: Principles and Technique by Benjamin Graham and David L. Dodd. (illustrator). First Edition, Fifth Impression. Octavo, xi, [1], 725pp, [5pp]. Maroon cloth, title over black print on spine, gilt-ruled bands on spine. Stated "First Edition, Fifth Impression" on title page. Previous ownership stamps and inscription to front endpapers. Marginalia and underlining throughout, in pencil and pen. Solid text block, light rubbing to cloth, sunning to spine. Dampstain to rear panel, limited impact to lower corner of text block. Illustrated with multiple graphs and charts. A solid example of this important work in financial theory. Security Analysis: Principles and Technique by Columbia University professors Benjamin Graham and David Dodd was first published in 1934 by McGraw-Hill Book Company of New York. This landmark work in investment strategy was written during the intense stock market volatility of the early 1930s. Graham and Dodd criticize Wall Street for its focus on earnings per share, instead encouraging investors to look at the value of business operations. This was later known as "Value Investing," or looking at the long term profitability of a firm and investing in companies that were undervalued by the market.

Hardcover. Condition: Good. No Jacket. First Edition. Hardcover, 725 pp. First Edition, Second Printing with a maroon cover. Cover and corner wear, name on ffep, notations, primarily underlines on approximately 135 pages. Rare and collectible. Security Analysis is indisputably the most influential book on investing ever written. Known as the investors' bible, it is as frequently consulted today as it was when it first appeared 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 Maple Press, York, PA. Rare and collectible! Photos available upon request. Book.

Hardcover. Condition: Very Good. No Jacket. 1st Edition. Graham, Benjamin; and Dodd, David L. Security Analysis: Principles and Technique. New York & London: McGraw-Hill Book Company, Inc., 1934. First Edition, (as printed on the title page) Approx 9" x 6". Maroon cloth, titled in gilt. Nice cover. Restored end cap. The name of the previous owner is written on the cover (see pictures). Still very scarce as a first edition, first printing, and a book that is almost never in very good condition, as it was well-read and annotated by buyers. This one is good with none of that.

Hardcover. Condition: Good. No Jacket. 1st Edition. A scarce First Edition, Black binding, first printing published by Whittlesey House / McGraw Hill Book Company, 1934; stated First Edition, no additional printings. Page 13 has a nick at the bottom of the page. Damp staining on all pages (see pictures). 725 pages. Gold lettering on the spine. Pages 413 has pencil underlining.

Hardcover. Condition: Very Good. No Jacket. 1st Edition. A near fine copy of a First Edition. Second printing stated on the copyright page. Rare Black cloth covered boards with embossed frame design. 725 pages with and gold lettering on the spine. Former owners signature inside cover.

Hardcover. Condition: Very Good. No Jacket. 1st Edition. First edition, 7th printing. Writing on three pages (first and last two). Nice condition. About the authors: 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.

First edition of Graham and Dodd's seminal work, considered the Bible of modern financial analysis. Octavo, original cloth. In near fine condition. Continuously in print through five editions, for more than 80 years, and with nearly a million copies sold, Security Analysis is indisputably the most influential book on investing ever written. Known as the investors' bible, it is as frequently consulted today as it was when it first appeared 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.

First edition of Graham and Dodd's seminal work, considered the Bible of modern financial analysis. Octavo, original cloth. In near fine condition. A very sharp example. Continuously in print through five editions, for more than 80 years, and with nearly a million copies sold, Security Analysis is indisputably the most influential book on investing ever written. Known as the investors' bible, it is as frequently consulted today as it was when it first appeared 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.

Hardcover. Condition: Near Fine. No Jacket. First Edition. Hardcover, 725 pp. First Edition, Second Printing with a black cover. Faint cover scratches, name neatly written inside cover with a date of 1935, mild endpaper yellowing, text is extraordinarily clean. Lack of dust stains indicates this was probably stored in a personal bookcase. Rare and very collectible in this pristine state. Security Analysis is indisputably the most influential book on investing ever written. Known as the investors' bible, it is as frequently consulted today as it was when it first appeared 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 Maple Press, York, PA. Rare and collectible! Photos available upon request. Book.

Hardcover. Condition: Near Fine. No Jacket. First Edition. Second printing stated on the copyright page. 725 pages. Black cloth covered boards with embossed frame design. Gold lettering on the spine. Former owners name on the first blank page. This is the only defect. Cloth is perfect. Lettering is bright. Sharp corners. Apparently unread. Would be a solid fine grade without the former owners signature.

Hardcover. Condition: Very Good. 1st Edition. hardback book in very good-plus condition,slight tanning on first blank page,first edition fourth printing,very slight wear at top of spine,

First edition, second printing of Graham and Dodd's seminal work, considered the Bible of modern financial analysis. Octavo, original black cloth. Presentation copy, inscribed by the author on the front free endpaper, "To Melbourne S. Moyer with the best wishes of Benj. Graham Jan 1935." The recipient, Melbourne Moyer was a contemporary of Graham and a Wall Street trader at Fulton Trust Company of New York. Housed in a custom half morocco clamshell box made by the Harcourt Bindery. Signed examples of Security Analysis are of the utmost rarity. Continuously in print through six editions, for more than 80 years, and with nearly a million copies sold, Security Analysis is indisputably the most influential book on investing ever written. Known as the investors' bible, it is as frequently consulted today as it was when it first appeared 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. In 2015, The Wall Street Journal wrote that Security Analysis "is widely viewed as the text of modern value investing. The long-held idea is that some stocks trade significantly below an identified âintrinsic valueâ and can be bought at a discount, with a built-in margin of safety against a complete washout." In 2016, Fortune called the book "still the best investment guide" and noted its "extraordinary endurance." The article states that "Graham, the primary author, then an obscure professor and money manager, chose the Great Depression as the time to assert his faith in patient security analysis and long-term investing. Given that the market was in the throes of an epochal collapse, very few folks were interested in investing. But Graham had the courage to see through the moment." Fortune also argues that one reason the book remained popular is that "it proffered an irreplaceable approach to investment. Stocks were to be valued as a shares of a business, bought and sold on that basis. No one contemplating the purchase of a family farm pondered the market trend or the latest jobs report; so should it be with common stocks.".

First edition ofÂGraham and Dodd's seminal work, considered the Bible of modern financial analysis. Octavo, original blackÂcloth. Warmly inscribed by David Dodd on the front free endpaper. In fine condition with a touch of rubbing. ÂExamples of the first edition are known to exist both in black cloth binding, with âWhittlesey House-McGraw Hillâ in gilt at the foot of the spine (which this example is) and in red cloth binding, with âMcGraw-Hill Book Companyâ in gilt at the foot of the spine. No priority of issue has been established, both are rare and desirable. Housed in a custom half morocco clamshell box. Signed and inscribed first editions of Security Analysis are exceptionally rare. Continuously in print through six editions, for more than 80 years, and with nearly a million copies sold, Security Analysis is indisputably the most influential book on investing ever written. Known as the investors' bible, it is as frequently consulted today as it was when it first appeared 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. In 2016, Fortune called the book "still the best investment guide" and noted its "extraordinary endurance." The article states that "Graham, the primary author, then an obscure professor and money manager, chose the Great Depression as the time to assert his faith in patient security analysis and long-term investing. Given that the market was in the throes of an epochal collapse, very few folks were interested in investing. But Graham had the courage to see through the moment." Fortune also argues that one reason the book remained popular is that "it proffered an irreplaceable approach to investment. Stocks were to be valued as a shares of a business, bought and sold on that basis. No one contemplating the purchase of a family farm pondered the market trend or the latest jobs report; so should it be with common stocks.".

Hardcover. Condition: Near Very Good. No Jacket. First Edition. First edition, fourth printing, hardcover, few brief passages underlined and few marginal marks to early part of text, book has been stored too close to a fireplace and has a slight odor of woodsmoke and some darkening to page edges at top with lighter darkening to the fore-edge, slight lean, light shelfwear, very slight wrinkle to top edge of front endpaper, otherwise solid, a Near Very Good copy in black cloth with gilt spine title.

Hardcover. Condition: Good. 1st Edition. 9 x 6, black cloth, 725 w/index, covers a bit rubbed, spine sunned, extremities bumped and lightly frayed, hinges loose, full page, ink inscription, contents toned else a good copy of the First Ed, Second Printing.

NF. Previous owner's name and address on inside front cover. The owner was a student at Stanford and his address in Palo Alto is written in blue ink. A small amount of the corner of the second fly-leaf is creased from being turned down and the base of the spine has curl a small amount from sitting on the shelf but otherwise this copy is in remarkably nice condition. A Classic! ! ! ; Charts; 8vo.; 725 pages. First Edition. Binding is Hardcover; Sixth Printing.

Hardcover. Condition: Good. No Jacket. 1st Edition. 1st edition, second printing. Security Analysis by Benjamin Graham and David L. Dodd Published by Whittlesey House Division of McGraw Hill, 1934 First Edition, Stated Second Printing Marroon covers, gilt lettering on spine. You will find pencil writing throughout the book. The binding is still tight and squared. The pages have some ages through time, more so at page edges. The covers are good with some light rubbings, corners are still good . The sections of the book are: Preface Part I: Survey and Approach Part II: Fixed-Value Investments Part III: Senior Securities with Speculative Features Part IV: Theory of Common-Stock Investment. The Dividend Factor Part V: Analysis of the Income Account. The Earnings Factor in Common-Stock Valuation Part VI: Balanced-Sheet Analysis. Implications of Asset Values Part VII: Additional Aspects of Security Analysis, Discrepancies between Price and Value Appendix Index with One major entry for dividends; no entries for growth Part IV, page 325 lists: 1. The dividend rate and record 2. Income-account factors (earning power) 3. Balance-sheet factors Part V, page 351 lists "quality coefficient", earnings multiplier page 451is the price-earnings ratio as presented in Chapter XXXIX. The point of departure is a P/E of 10 and the maximum.

[xii], 725 pp. 8vo. First edition, second printing. First edition, second printing. [xii], 725 pp. 8vo. Inscribed by Graham: "To Harry Wanger with best wishes of Benj. Graham Aug. 1935." Few published works of the 20th century have exerted the influence or had as devoted a following as Security Analysis. Prior to its publication, investors often relied on intuition or the character of a business owner to make their decisions. Writing in the wake of the Crash of 1929, Graham and Dodd designed "value-oriented investment," a disciplined, realistic approach to constructing a solid financial portfolio. Popular when it was published, it continues to shape the strategies and the training of financiers. Copies of the first edition are known to appear both in black cloth binding, with "Whittlesey House-McGraw Hill" in gilt at the foot of the spine, as with the present copy, and in burgundy cloth binding, with "McGraw-Hill Book Company" in gilt at the foot of the spine; no priority is assigned. A landmark work, RARE and IMPORTANT, especially inscribed; we trace only three inscribed copies at auction over the past thirty years, and only one of them is inscribed by Graham. Black cloth with blindstamped covers and gilt to spine. Some fading to spine and slight rubbing to corners, very good. Custom half-morocco dropbox.

Graham, Benjamin; and Dodd, David L. Security Analysis: Principles and Technique. New York & London: McGraw-Hill Book Company, Inc., 1934. First Edition, Third Impression (as printed on the title page) Aprox 9" x 6". Maroon cloth titled in gilt within a gilt on the spine. The covers are lightly rubbed and soiled with slight wear to the corners and head & tail of the spine. xi, [i] & 725 pages. From the library of J H. Kass, Jr., with his signature penned on the front endpaper and also penciled once again above the name of his firm Wood, Struthers & Co., 20 Pine Street, [New York] who were dealers in investment securities. He has made a few small light pencil marks inside. Warren Buffett concluded in an 1984 article that ".I can only tell you that the secret has been out for 50 years, ever since Ben Graham and Dave Dodd wrote Security Analysis, yet I have seen no trend toward value investing in the 35 years I've practiced it. There seems to be some perverse human characteristic that likes to make easy things difficult. The academic world, if anything, has actually backed away from the teaching of value investing over the last 30 years. It's likely to continue that way. Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper." Written by professors Benjamin Graham and David Dodd of Columbia University, "Security Analysis" laid the intellectual foundation for what was to be called value investing. Published a few years after the Stock Market Crash of 1929 and the Great Depression, Graham and Dodd coined the term "margin of safety" among others in their book "Security Analysis". Summing up the lessons learned from the crash, Graham and Dodd, both professors at Columbia University's business school, took Wall Street to task for focusing on companies' "reported earnings per share", and were particularly critical of the favored "earning trends". In the book Graham proposes clearly defining investment from what he considers speculation There is some minor spotting to the edges of the book. Still very scarce as a first edition and a book that is almost never in very good condition, as it was well read and annotated by buyers. Overall in good to very good condition.

Condition: Near Fine. First Edition. First edition, first printing. Near Fine. Light rubbing and edge wear to covers, bumped corners affecting textblock as well. Former owner's over-exuberant pencil marking to front pastedown and front free endpaper. Slight waviness and corner creasing to preliminary leaves, toning to pages. An influential work dubbed as an endless source of insight when it comes to investing, it laid the groundwork for what would later be called value investing.