First published in 1934, Security Analysis is one of the most influential financial books ever written. With more than million copies sold, it has provided generations of investors with the timeless value investing philosophy and techniques of the legendary Benjamin Graham and David L. Dodd.
Security Analysis, Seventh Edition features the ideas and methods of today’s masters of value investing, who discuss the influence of Graham and Dodd on today’s markets and contextualize the philosophy that has influenced so many famous investors.
The successful value investor must constantly be in the process of reinvention, of raising his or her game to navigate the terrain of new eras, novel securities, nascent businesses, emerging industries, shifting standards, and evolving market conditions. With the diverse perspectives of experienced contributors, this new edition of Security Analysis is a rich and varied tapestry of highly informed investment thinking that will be a worthy and long-lived successor to the preceding editions.
Benjamin Graham renowned as the founder of value investing, 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.
Seth A. Klarman is the CEO and portfolio manager of The Baupost Group, L.L.C., which manages approximately $25 billion on behalf of individual and institutional clients.
Contributors to the Seventh Edition:
Seth A. Klarman, CEO and Portfolio Manager of the Baupost Group, L.L.C.
James Grant, founder and editor of Grant's Interest Rate Observer
Roger Lowenstein, author of Buffett, When Genius Failed, and Ways and Means, and Outside Director, Sequoia Fund
Howard S. Marks, CFA, Co-Chairman and Co-Founder, Oaktree Capital Management L.P.
Dominique Mielle, former hedge fund investor and author of Damsel in Distressed
Todd A. Combs, Chairman, President and Chief Executive Officer of GEICO and investment manager at Berkshire Hathaway Inc.
Steven Romick, Managing Partner of First Pacific Advisors, LP
Zachary S. Sternberg and Benjamin F. Stein, co-founders of The Spruce House Partnership
Nancy G. Zimmerman, Co-Founder and Managing Partner, Bracebridge Capital LLC
Bill Duhamel, Jason E. Moment, and Ashish Pant, Principals of Route One Investment Company, L.P.
David Abrams, CEO of Abrams Capital Management
Seth Alexander, President of the MIT Investment Management Company (MITIMCo), a division of the Massachusetts Institute of Technology