Security Analysis by Benjamin Graham

This chapter originates from “Security Analysis,” a timeless investment book that has proven its enduring value over the years. The Sixth Edition now brings the wisdom of the masters into the contemporary landscape of the 21st century markets. Originally published in 1940, the second edition remains the definitive version, now revitalized by a team of esteemed value investors. With a foreword by Warren E. Buffett, who admits to having studied the 1940 edition “at least four times,” this updated edition of “Security Analysis” reintroduces the fundamental principles of value investing—now more pertinent than ever in today’s volatile markets.