A roadmap for investing that I have now been following for 57 years.
From the foreword by Warren E. Buffett The 1940 edition of "Security Analysis" is considered the bible of value investing. McGraw-Hill continues its proud tradition with this new sixth edition that will serve as a touchstone for a new generation of investors. The leading Masters of value investing have updated Graham and Dodd s classic work with more than 200 pages of new commentary: 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 The accompanying CD-ROM contains additional chapters from the original 1940 edition. Benjamin Graham is the father of investment analysts everywhere, originally sparking the debate for a credential to professionalize the industry which led to the CFA Charter. He transformed the practice of financial analysis from trade to science, starting with his groundbreaking book, Security Analysis, first published in 1934. This edition, with new commentary by some of today s finest investors, belongs on every investment professional s shelf.
Jeffrey J. Diermeier, CFA, president and CEO, CFA Institute"show more