Security Analysis

updated 20 Feb 2023

"Security Analysis" is a book written by Benjamin Graham and David Dodd, first published in 1934. It is considered a classic in the field of investment and is widely regarded as one of the most influential books on value investing.

The book provides a comprehensive overview of the principles of security analysis and investment. It covers topics such as financial statement analysis, company valuation, and portfolio management.

Graham and Dodd developed a value-oriented approach to investing, which is based on the idea that stocks can be undervalued or overvalued by the market. They advocated for a thorough and analytical approach to investing, arguing that investors should focus on the intrinsic value of a company, rather than its stock price.

The book emphasizes the importance of thorough research and due diligence when making investment decisions. It stresses the need to understand the financial statements of a company and to use that information to make informed investment decisions.

Additionally, the book also provides a framework for analyzing the various types of securities, such as bonds and stocks, and the importance of diversification in the investment portfolio.

Overall, "Security Analysis" is considered a seminal work in the field of investing and continues to be widely read and studied by investors, financial analysts, and investment professionals. It's a comprehensive guide to value investing and provides a solid foundation for any investor interested in understanding the principles of security analysis and investment.

Other Resources

Security Analysis Animated Summary | Part 1