"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
- 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
- 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
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.