Security Analysis

Security Analysis  (English, Hardcover, Graham Benjamin)

478 Ratings & 42 Reviews
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    • Language: English
    • Binding: Hardcover
    • Publisher: McGraw-Hill Education - Europe
    • Genre: Business & Economics
    • ISBN: 9780070140653, 0070140650
    • 10 Days Replacement Policy
    • Cash on Delivery available

    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.

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    Book Details
    • McGraw-Hill Inc.,US
    Table of Contents
    • Foreword  by Warren E. Buffett
      Preface to the Sixth Edition | The Timeless Wisdom of Graham and Dodd  by Seth A. Klarman
      Introduction to the Sixth Edition | Benjamin Graham and Security Analysis: The Historical Backdrop  by James Grant

      Part I: Survey And Approach

      Introduction to Part I | The Essential Lessons by Roger Lowenstein

      Graham and Dodd chapters:
      1. The Scope And Limits Of Security Analysis. The Concept Of Intrinsic Value
      2. Fundamental Elements In The Problem Of Analysis. Quantitative And Qualitative Factors
      3. Sources Of Information
      4. Distinctions Between Investment And Speculation
      5. Classification Of Securities

      Part II: Fixed-Value Investments

      Introduction to Part II | Unshackling Bonds  by Howard S. Marks

      Graham and Dodd chapters:
      6. The Selection Of Fixed-Value Investments
      7. The Selection Of Fixed-Value Investments: Second And Third Principles
      8. Specific Standards For Bond Investment
      9. Specific Standards For Bond Investment (Continued) See Accompanying Cd
      10. Specific Standards For Bond Investment (Continued)
      11. Specific Standards For Bond Investment (Continued) See Accompanying Cd
      12. Special Factors In The Analysis Of Railroad And Public-Utility Bonds See Accompanying Cd
      13. Other Special Factors In Bond Analysis See Accompanying Cd
      14. The Theory Of Preferred Stocks See Accompanying Cd
      15. Technique Of Selecting Preferred Stocks For Investment
      16. Income Bonds And Guaranteed Securities
      17. Guaranteed Securities (Continued)
      18. Protective Covenants And Remedies Of Senior Security Holders
      19. Protective Covenants (Continued)
      20. Preferred-Stock Protective Provisions. Maintenance Of Junior Capital See Accompanying Cd
      21. Supervision Of Investment Holdings

      Part III: Senior Securities With Speculative Features

      Introduction to Part III | Blood and Judgement  by J. Ezra Merkin

      Graham and Dodd chapters:
      22. Privileged Issues
      23. Technical Characteristics Of Privileged Senior Securities
      24. Technical Aspects Of Convertible Issues
      25. Senior Securities Withwarrants. Participating Issues. Switching And Hedging See Accompanying Cd
      26. Senior Securities Of Questionable Safety

      Part IV: Theory Of Common-Stock Investment. The Dividend Factor

      Introduction to Part IV | Go with the Flow  by Bruce Berkowitz

      Graham and Dodd chapters:
      27. The Theory Of Common-Stock Investment
      28. Newer Canons Of Common-Stock Investment
      29. The Dividend Factor In Common-Stock Analysis
      30. Stock Dividends See Accompanying Cd

      Part V: Analysis Of The Income Account. The Earnings Factor In Common-Stock Valuation

      Introduction to Part V | The Quest for Rational Investing by Glenn H. Greenberg

      Graham and Dodd chapters:
      31. Analysis Of The Income Account
      32. Extraordinary Losses And Other Special Items In The Income Account
      33. Misleading Artifices In The Income Account. Earnings Of Subsidiaries
      34. The Relation Of Depreciation And Similar Charges To Earning Power
      35. Public-Utility Depreciation Policies See Accompanying Cd
      36. Amortization Charges From The Investors Standpoint See Accompanying Cd
      37. Significance Of The Earnings Record
      38. Specific Reasons For Questioning Or Rejecting The Past Record
      39. Price-Earnings Ratios For Common Stocks. Adjustments For Changes In Capitalization
      40. Capitalization Structure
      41. Low-Priced Common Stocks. Analysis Of The Source Of Income

      Part VI: Balance-Sheet Analysis. Implications Of Asset Values

      Introduction to Part VI | Deconstructing the Balance Sheet by Bruce Greenwald

      Graham and Dodd chapters:
      42. Balance-Sheet Analysis. Significance Of Book Value
      43. Significance Of The Current-Asset Value
      44. Implications Of Liquidating Value. Stockholder-Management Relationships
      45. Balance-Sheet Analysis (Concluded)

      Part VII: Additional Aspects Of Security Analysis. Discrepancies Between Price And Value

      Introduction to Part VII | The Great Illusion of the Stock Market and the Future of Value Investing  by David Abrams

      Graham and Dodd chapters:
      46. Stock-Optionwarrants See Accompanying Cd
      47. Cost Of Financing And Management
      48. Some Aspects Of Corporate Pyramiding
      49. Comparative Analysis Of Companies In The Same Field
      50. Discrepancies Between Price And Value
      51. Discrepancies Between Price And Value (Continued)
      52. Market Analysis And Security Analysis

      Part VIII: Global Value Investing

      Globetrotting with Graham and Dodd  by Thomas A. Russo

      APPENDIX see accompanying CD
      About This Edition
      About the Contributors
      About the Authors

    Author Info
    • Benjamin Graham is considered to be the founder of value investing and taught at Columbia University?s Graduate School of Business. David L. Dodd was a colleague of Graham?s at Columbia University, where he was an assistant professor of finance.
    • 139 mm
    • 599 mm
    • 401 mm
    • 433 gr
    Ratings & Reviews
    478 Ratings &
    42 Reviews
    • 5
    • 4
    • 3
    • 2
    • 1

    Please Do Not Buy The Sixth Edition

    As expected, this work by Graham is mind-blowing and takes you to a higher level of analysis when compared with The Intelligent Investor. BUT there is a problem with this specific edition of McGraw Hill.

    This edition is missing 11 chapters that were part of the original book. They have been separately provided on an otherwise useless CD. Instead of omitted chapters there are essays and commentaries by some of the most successful value investors ( these are actually very good)

    BUT did I ...

    Punit Lohani

    Certified Buyer

    26 Jul, 2013

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    The Bible of Fundamental Analysis

    A book, that will take you to a higher level of clarity if you are a fundamentalist. Each page is full of high quality wisdom. Read it, re-read it and absorb as much as you can.
    The book primarily deals with how to analyze securities- from Bonds to Stocks using the financial statements. Another book that supplements this book is "Financial Statement Analysis and Security Valuation" by Stephen Penman.
    A Word of caution- The text in the book is filled with essays and write-ups from well-known...


    Certified Buyer

    2 May, 2012

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    A must read

    This book is a must read for serious long term investors. It has add ons to the classic book where it adds what has changed since the book has been written. It also has a CD attached with the 1940 edition.

    I have been reading this since last 2 weeks and the amount if information this book gives in enormous. This is one book you can read a 100 times and every time you give something out of it.

    Apart from reading this book one should also have "The Intelligent Investor", "Interpreting financi...

    Ravi Kumar Vooda

    Certified Buyer

    1 Feb, 2012

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    Awesome book on security analysis!

    I have been reading this since last 1 weeks and the amount if information this book gives in enormous. This is one book you can read a 100 times and every time you give something out of it.
    So,why Mr. Warren Buffet had forwarded it!!!!

    Neetesh Rai

    Certified Buyer

    23 Dec, 2012

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    A Bible is written only once

    This Magnum Opus from Benjamin Graham is a read, re-read and re-re-read for any body who wants to invest in senior and junior securities of corporations. Only a genius like Graham could write this. Amid explaining the approach to select companies in a way that your principal is protected and best returns are obtained, you get convinced that more things change, more they remain the same. About peoples behavior: nothing has changed. Surprising that the recent sub-prime crisis had happened earl...

    Lionel Pinto

    Certified Buyer

    21 Mar, 2013

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    Must buy!


    deepak patil

    Certified Buyer, Vadodara

    6 Jan, 2017

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    Must read

    Must read for every one. its gives in depth information about the investment.
    its a classic book should go for it for a carrier serious investment

    Rahul azad

    2 Oct, 2013

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    Great book for All Investor

    Must read book for a every serious Investor. This is the best book written on security analysis. If u want to be a good Investor then first invest small amount of your money to in this book. This is one of the best investment i had ever.

    Buying through flipkart was great experiance, packaging and delivery is very good :)

    Sachin Panpaliya

    Certified Buyer

    9 May, 2012

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    Good and Bad Points about Book Security Analysis

    The book offers many solid points to learn about investments and Money handling..Anyone who wants to understand about money and investment,must read this book.
    Bad point about this book is: It is the most boring book I ever read. The book needs to be simple and clearer to understand. Recent time authors are much clearer and easy to understand.


    Certified Buyer, Bharuch

    14 Jul, 2016

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    Must read

    Gopal Rao

    Certified Buyer, Bengaluru

    6 Dec, 2018

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    All 42 reviews
    Questions and Answers
    Q:Is this book understandable to a person who not from finance background ?
    A:It strts in general terms but then concepts and explanations escalates quickly.maybe start reading it and then explore more about the jargons and theories you don’t undstd on web.
    Sumant Mulkalwar
    Certified Buyer
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    Q:Is this book in hindi language
    A:This book is in english.
    Flipkart User
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    Q:How many page we will get to read on this particular security analysis book?
    A:Around 600
    Sanat Jassal
    Certified Buyer
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