<< 1 >>
Rating: 
Summary: Must read for value investors
Review: A book that has been continuously in print for nearly 70 years obviously has timeless relevance. The principles of value investing, spelled out for the first time in Security Analysis by Benjamin Graham and David L. Dodd, have made fortunes for investors since it was first published in 1934. For example, Warren Buffett calls this book his Bible. Much has changed on Wall Street since the 1930s, but the concept of buying undervalued companies has not. In addition to its lucid explanation of investment basics, the book is a fascinating picture of a time when the lessons of the Great Depression were still being absorbed. The Securities Act of 1933 had just changed the rules of financial disclosure, and most public companies were manufacturers, mines, railroads or utilities - not the makeup of today's blue-chip portfolio. We recommend this book to serious investors who want to cut through modern Wall Street jargon, and to students of financial history.
Rating:
Summary: The Foundation
Review: Benjamin Graham and David Dodd penned the foundation of wise modern investment theory. As such, "Security Analysis" is included in most must read lists of investment books. It is often referred to, alluded to, or directly quoted. You could invest without it, but for every win, you might also suffer a loss.You may not agree with all of Graham and Dodd's precepts, but most modern and value investment analysis and philosophy can be rooted to the concepts espoused in their tome. "Security Analysis" is to investments what Adam Smith's "Wealth of Nations" is to economics, Sun Tzu's "The Art of War" is to leadership, and William Shakespeare's plays are to Western theatre.
Rating:
Summary: The Foundation
Review: Benjamin Graham and David Dodd penned the foundation of wise modern investment theory. As such, "Security Analysis" is included in most must read lists of investment books. It is often referred to, alluded to, or directly quoted. You could invest without it, but for every win, you might also suffer a loss. You may not agree with all of Graham and Dodd's precepts, but most modern and value investment analysis and philosophy can be rooted to the concepts espoused in their tome. "Security Analysis" is to investments what Adam Smith's "Wealth of Nations" is to economics, Sun Tzu's "The Art of War" is to leadership, and William Shakespeare's plays are to Western theatre.
Rating:
Summary: Must read for value investors
Review: For those interested in learning and understanding valuing investing in an indepth technical way, this book is for you. Its depth and breadth of coverage is very impressive. Graham puts forth all arguments on investing techniques and then shows, through detailed worked examples, why value investing provides the most consistent and obtainable above average results. Be warned though, this book is not for the faint hearted. It can become quite complex at times, and a reasonable level of knowledge within finance and accouting would be most beneficial to anyone reading this book. I would also recommend that readers buy Graham's other book, The Intelligent Investor, first before reading this, as it provides an excellent foundation for tackling the value investing techniques found in this book. This first half of the book focuses on bond and preffered issues. This section is dry and tedious at times, but the groundwork it lays as a point of departure for studying common stocks means it really is necessary to read. But it's well worth it, the last half of the book or so is devoted to common stock investment and here is where Graham shows his true genius and value investing becomes a clear and logical process. It's well worth your time and your money.
Rating:
Summary: Security Analysis 1940 edition
Review: If you have read The Intelligent Investor, and want a text that will expand and delve deeper into fundamental analysis, this book is for you. The separation between this book, and books similar in content, is the fact that Graham shows examples of his applied techniques. The book is broken down into two main sections, fixed value investments(bonds, preferred stocks, ect.) and common stock analysis/selection. He takes you step by step through income statement and balance sheet analysis. Graham is wary of coporate reports, especially when it comes to earnings, and points out coporate trickery to watch out for and avoid. The topics are detailed, and the exaples extensively researched. Overall, Security Analysis is a mixture of art and scienece that lays a timeless foundation for financial analysis.
Rating: 
Summary: good, but not graham's best work
Review: yes, this book is worth owning; its focus on fixed and preferred securities is detailed and thorough, but may be a bit too much for equity investors. however, the book does appear dated as it is given its focus on railroad and utility securities. its practical wisdom is obscured by detail on topics no longer relevant in today's day & age---"intelligent investor" is much more timeless in this regard, and is the preferred graham book if you're only getting one. but no serious investor should be w/o this in his/ her library.
<< 1 >>
| 
