Security Analysis: Fifth Edition (BUSINESS BOOKS)

This book is a masterpiece. First in its category and still valid and necessary to read for everyone interested in investing in stocks and bonds. Such a valuable piece of art and fundamentals we cannot move and improve without the knowledge that provides this book. Definitely recommend to every person who wants to learn how to do a quantitative analysis. A must read.

This book is simpy brilliant. Stop trying to learn from the latest trendy trading book with all its technical mumbo jumbo. Like anything good investing is hard work. Read the book, learn its lessons and become a better investor.

A must read

If you can only read one book on investing this is it. Clearly defined principles and how to go about it. Even if accounting has changed over time the basic principles of value investing are the same. The fact that it discusses the time around the great depression makes it even more relevant for the coming years. Key take away - value and price rarely got anything to do with each other. Probably the best book on investing I have read ever.

A book that has been continuously in print for nearly 70 years obviously has timeless relevance. The principles of value investing, spelled out for the first time in Security Analysis by Benjamin Graham and David L. Dodd, have made fortunes for investors since it was first published in 1934. For example, Warren Buffett calls this book his Bible. Much has changed on Wall Street since the 1930s, but the concept of buying undervalued companies has not. In addition to its lucid explanation of investment basics, the book is a fascinating picture of a time when the lessons of the Great Depression were still being absorbed. The Securities Act of 1933 had just changed the rules of financial disclosure, and most public companies were manufacturers, mines, railroads or utilities — not the makeup of today’s blue-chip portfolio. We recommend this book to serious investors who want to cut through modern Wall Street jargon, and to students of financial history.