Security Analysis by Graham Dodd: Signed (3 results)
Published by Whittlesey House/ McGraw Hill, New York 1940
- Hardcover
- First Edition
- Signed
Seller: Raptis Rare Books, Palm Beach, FL, U.S.A.Raptis Rare Books
Contact seller5-star sellerThe 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, sup…plying 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.
More imagesPublished by Whittlesey House/ McGraw Hill, New York 1934
- Softcover
- First Edition
- Signed
Seller: Raptis Rare Books, Palm Beach, FL, U.S.A.Raptis Rare Books
Contact seller5-star sellerFirst 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 cont…emporary 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.".
More imagesPublished by Whittlesey House/ McGraw Hill, New York 1934
- Hardcover
- First Edition
- Signed
Seller: Raptis Rare Books, Palm Beach, FL, U.S.A.Raptis Rare Books
Contact seller5-star sellerFirst 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 Ho…use-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.".
