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Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)
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Product Description

"A road map for investing that I have now been following for 57 years."
--From the Foreword by Warren E. Buffett

First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd.

As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing,” have withstood the test of time across a wide diversity of market conditions, countries, and asset classes.

This new sixth edition, based on the classic 1940 version, is enhanced with 200 additional pages of commentary from some of today’s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today’s vastly different markets. The contributor list includes:

  • Seth A. Klarman, president of The Baupost Group, L.L.C. and author of Margin of Safety
  • James Grant, founder of Grant's Interest Rate Observer, general partner of Nippon Partners
  • Jeffrey M. Laderman, twenty-five year veteran of BusinessWeek
  • Roger Lowenstein, author of Buffett: The Making of an American Capitalist and When America Aged and Outside Director, Sequoia Fund
  • Howard S. Marks, CFA, Chairman and Co-Founder, Oaktree Capital Management L.P.
  • J. Ezra Merkin, Managing Partner, Gabriel Capital Group .
  • Bruce Berkowitz, Founder, Fairholme Capital Management.
  • Glenn H. Greenberg, Co-Founder and Managing Director, Chieftain Capital Management
  • Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School
  • David Abrams, Managing Member, Abrams Capital

Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork “at least four times”), this new edition of Security Analysis will reacquaint you with the foundations of value investing—more relevant than ever in the tumultuous 21st century markets.

(20080617)

Customer Reviews:

  • simply: Awsome!
    Graham and Dood, are still the gurus of investing, even though the book is decades old, it belongs on every finance persons shelves. ;)...more info
  • From J. Kaye's Book Blog
    Security Analysis is a book about value investing. The first edition was written by Benjamin Graham and David Dodd in 1934 when the world was in the grips of the Great Depression. In 1940 they did a major revision. These pages tell of the best and worst times -the run-up to the 1929 peak and the crash the grind of the Great Depression. These principles and fundamentals of value investing are timeless.

    The book has seven parts and before each part is an introduction to the section and current examples of the principles in the section. These introductions are from professional value investors such as Warren Buffet, the richest man in American in 2008, Howard Marks, cofounder of Oaktree Capital Management, J. Erza Merkin of Gabriel Capital Group, James Grant of Grant's Interest Rate Observer, Robert Lowenstein one of America's top financial journalists, and others.

    Each of the introductions by these current masters of value investing is what makes this edition with lead editor Seth Klarman extremely relevant for today's financial meltdown and recession. They lay out some of reasons of the failures and how value investors, and their clients, are not hurt this turn of events. Indeed, these value investors will come out of this better that ever.

    As David Abrams, of Abrams Capital Management in Boston, writes in the introduction to Part VII, The Great Illusion of the Stock Market and the Future of Value Investing:

    "In the 75 years since the original edition was published, both the world at large and the financial markets have undergone cataclysmic change. Yet, as Graham and Dodd understood, how markets work, how companies are run, and how people-both investors and corporate managers-tend to act in certain situations never change."

    This is not an `Investing for Dummies'. The reader should have a good understanding of corporate business/accounting to get the most of it. However, the stories and examples in the introductions are well written and easy to follow, even without a business background. This is a fascinating book and one I highly recommend to anyone.
    ...more info
  • A Classic, Updated
    This book is a must-read for every investor; that said, it's a very difficult read. This edition contains essays that make the timeless lessons clearer for today's investors.

    With Mr. Market currently having a fit, this book is as important as ever....more info
  • Not for beginners, but excellent book
    I haven't read the whole book, but so far I am impressed with the information. ...more info
  • The Bible of Wall Street
    This book is a MUST for anyone interested in self-directed investing. You got to have it....more info
  • what can I say?! I love it!
    This book is simply the ultimate investment bible. From my point of view you only need three books in this area: "The wealth of nations", by Adam Smith; "Financial Markets Principals", by Christoph Lymbersky; and Security Analysis by Graham and Dood! If you have those books you are ready for the financial markets! :) ...more info
  • Kindle Edition Disappointing
    While it is convenient to have a lot of Security Analysis on Kindle, I am disappointed that whole chapters are removed from the book and that, for Kindle readers, there is no CD with PDF filed included that one can refer to (these are referred to multiple times in the text).

    Again, handy to have much of this great book on Kindle, but you are not getting the whole book, so it is a rip off for $42.00. ...more info
  • Got what expected
    Excellent book.
    Although written a long time ago, applies to the investment busy today....more info