Security Analysis, Seventh Edition: Principles and Techniques
1st Edition
Published on 27. June 2023
768 pages
978-1-264-93275-7 (ISBN)
Available for download
Description
The classic work from the "e,father of value investing"e,-fully updated for today's generation of investorsFirst 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.
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Other editions
Additional editions
Benjamin Graham | David Dodd | Seth A. Klarman
Security Analysis, Seventh Edition: Principles and Techniques
Book
07/2023
7th Edition
McGraw-Hill Education
€91.16
Available immediately
Content
- Intro
- Cover
- Title Page
- Copyright Page
- Contents
- Foreword
- Preface to the Seventh Edition | The Timeless Wisdom of Graham and Dodd
- Preface to the Second Edition
- Preface to the First Edition
- Introduction to the Seventh Edition | Benjamin Graham and Security Analysis: The Historical Backdrop
- Introduction to the Second Edition
- PART I Survey and Approach
- Introduction to Part I | Benjamin Grahamâ?"in His Time and Ours
- Graham and Dodd chapters:
- 1. The Scope and Limitations of Security Analysis. The Concept of Intrinsic Value
- 2. Fundamental Elements in the Problem of Analysis. Quantitative and Qualitative Factors
- 3. Sources of Information
- 4. Distinctions Between Investment and Speculation
- 5. Classification of Securities
- PART II Fixed-Value Investments
- Introduction to Part II | Unshackling Bonds
- Graham and Dodd chapters:
- 6. The Selection of Fixed-Value Investments
- 7. The Selection of Fixed-Value Investments: Second and Third Principles
- 8. Specific Standards for Bond Investment
- 9. Specific Standards for Bond Investment (Continued) available online
- 10. Specific Standards for Bond Investment (Continued)
- 11. Specific Standards for Bond Investment (Continued) available online
- 12. Special Factors in the Analysis of Railroad and Public-Utility Bonds available online
- 13. Other Special Factors in Bond Analysis available online
- 14. The Theory of Preferred Stocks available online
- 15. Technique of Selecting Preferred Stocks for Investment available online
- 16. Income Bonds and Guaranteed Securities available online
- 17. Guaranteed Securities (Continued)
- 18. Protective Covenants and Remedies of Senior Security Holders
- 19. Protective Covenants (Continued)
- 20. Preferred-Stock Protective Provisions. Maintenance of Junior Capital available online
- 21. Supervision of Investment Holdings
- PART III Senior Securities with Speculative Features
- Introduction to Part III | Investing in Distressed Credit
- Graham and Dodd chapters:
- 22. Privileged Issues
- 23. Technical Characteristics of Privileged Senior Securities
- 24. Technical Aspects of Convertible Issues
- 25. Senior Securities with Warrants. Participating Issues. Switching and Hedging available online
- 26. Senior Securities of Questionable Safety
- PART IV Theory of Common-Stock Investment. The Dividend Factor
- Introduction to Part IV | Finding Value in Common Stocks
- Graham and Dodd chapters:
- 27. The Theory of Common-Stock Investment
- 28. Newer Canons of Common-Stock Investment
- 29. The Dividend Factor in Common-Stock Analysis
- 30. Stock Dividends available online
- PART V Analysis of the Income Account. The Earnings Factor in Common-stock Valuation
- Introduction to Part V | The Evolution of a Value Investor
- Introduction to Part V | Investing with Owner-Operators
- Graham and Dodd chapters:
- 31. Analysis of the Income Account
- 32. Extraordinary Losses and Other Special Items in the Income Account
- 33. Misleading Artifices in the Income Account. Earnings of Subsidiaries
- 34. The Relation of Depreciation and Similar Charges to Earning Power
- 35. Public-Utility Depreciation Policies available online
- 37. Significance of the Earnings Record
- 38. Specific Reasons for Questioning or Rejecting the Past Record
- 39. Price-Earnings Ratios for Common Stocks. Adjustments for Changes in Capitalization
- 40. Capitalization Structure
- 41. Low-Priced Common Stocks. Analysis of the Source of Income
- PART VI Balance-Sheet Analysis. Implications of Asset Values
- Introduction to Part VI | The Evolving Utility of Balance Sheet Analysis
- Graham and Dodd chapters:
- 42. Balance-Sheet Analysis. Significance of Book Value
- 43. Significance of the Current-Asset Value
- 44. Implications of Liquidating Value. Stockholder-Management Relationships
- 45. Balance-Sheet Analysis (Concluded)
- PART VII Additional Aspects of Security Analysis. Discrepancies Between Price and Value
- Introduction to Part VII | The Market Is Still Not Efficient
- Graham and Dodd chapters:
- 46. Stock-Option Warrants available online
- 47. Cost of Financing and Management
- 48. Some Aspects of Corporate Pyramiding
- 49. Comparative Analysis of Companies in the Same Field
- 50. Discrepancies Between Price and Value
- 51. Discrepancies Between Price and Value (Continued)
- 52. Market Analysis and Security Analysis
- PART VIII Contemporary Concepts in Value Investing
- International Investing
- At the Intersection of Public and Private Investing: A Case Study
- Endowment Management Principles and Practice
- Appendix available online
- About This Edition
- Acknowledgments
- About the Contributors
- About the Authors
- Index
