Security Analysis

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.