Security Analysis: Principles and TechniqueFirst 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. |
Contents
PREFACE TO THE SECOND EDITION PREFACE TO THE FIRST EDITION INTRODUCTION CHAPTER | 1 |
PART I | 17 |
FUNDAMENTAL ELEMENTS IN THE PROBLEM OF ANALYSIS QUANTITATIVE AND QUALITATIVE FACTORS | 31 |
Copyright | |
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Common terms and phrases
American amortization amount annual Appendix Note applied balance sheet basis bond buyer bond financing bond interest bond issue bondholders buyer capital cash common stock Company company's convertible bond Corporation current assets current liabilities Debenture deductions default depreciation charges Earned per share earning power earnings coverage Electric enterprise example fact factors favorable figures fixed charges fixed-value investment future guaranteed Hence holders important income account income bonds indenture industrial interest charges investment bonds investor junior lien loss market price market value ment mortgage obligations operating paid par value payment period practice preferred dividends preferred issue preferred stock preferred stockholders principal privilege profit provisions public-utility purchase Railway reason reorganization reported requirements safety security analysis selling senior issue senior securities shares of common sold speculative standard stock dividends stock issues subsidiary substantial surplus tion utility warrants yield York Stock Exchange