Is security analysis worth reading?

Benjamin Graham’s Security Analysis is absolutely still relevant today. It’s amazing how few professional investors have actually read it, despite it containing timeless concepts and ideas.

Should I read security analysis or intelligent investor first?

I would recommend reading Intelligent Investor first. It was written slightly more recently (1949) than Security Analysis (1934). More important is that a recently revised edition* of Intelligent Investor was published. Intelligent Investor is more practical as an introduction for a novice.

How many times did Warren Buffett read Security Analysis?

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.

What is meant by security analysis?

Security analysis is the analysis of tradeable financial instruments called securities. It deals with finding the proper value of individual securities (i.e., stocks and bonds). These are usually classified into debt securities, equities, or some hybrid of the two. Tradeable credit derivatives are also securities.

Which is the third edition of security analysis?

The prescient thinking and insight displayed by Graham and Dodd in the first two editions of Security Analysis reached new heights in the third edition.

What do you need to know about security analysis?

“Security Analysis” strives to reinforce the metrics around determining if a security is truly “on sale” or not. Basic analytics like Interest Coverage, calculating an appropriate Margin of Safety, and interpretation of financial statements (Income Statements and Balance Sheets) are discussed and dissected.

How long has security analysis been in print?

With nearly a million copies sold, Security Analysis has been continuously in print for more than sixty years. No investment book in history had either the immediate impact, or the long-term relevance and value, of its first edition in 1934.

Who was the first author of security analysis?

The first edition of Security Analysis, authored by Benjamin Graham and David Dodd, was published in 1934. This review is based upon reading that original edition, now some 78 years old. Graham and Dodd are considered by many to be the fathers of value investing.