Security Analysis: The Classic 1934 Edition
Written shortly after the 1929 crash, this book contains the original explanations of Benjamin Graham who was a practitioner and teacher. He lost a great deal of money in the crash and his quest for a more conservative way to manage capital resulted in the insights which gave us this classic and the foundations for value investing.
Giving examples from those days, Graham and his student David Dodd, show how to practically apply this investment approach.
Benjamin Graham personally taught and inspired many a value investor, and, through his clear writings, has instructed a great many more.
This book is a careful reproduction of the original 1934 edition. There have in total been 6 editions of this classic text. For a review of the most recent edition, please click here.
Anyone with patience and an interest in developing a framework for investing in listed securities should read this. Anyone without, should consider another occupation.
The views expressed and comments made on this website are not personal advice based on your circumstances. The purpose of this website is to provide information and analysis to help you make your own informed investment decisions. If you are not confident making your own investment decisions you should contact a firm which is authorised and regulated by the Financial Conduct Authority (such as Ashik Shah & Co. Ltd.) so that a qualified financial adviser, after considering your personal circumstances and investment objectives, can make personal recommendations of investments which are suitable for you. Whether you make your own investment decisions or prefer to follow the recommendations of a financial adviser you should always remember that your capital will be at risk and that investments can go down in value as well as up.