
Security Analysis (Sixth Edition)
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Narrado por:
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Scott R. Pollak
A road map for investing that I have now been following for 57 years. (From the Foreword by Warren E. Buffett)
First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd.
As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing”, have withstood the test of time across a wide diversity of market conditions, countries, and asset classes.
This new sixth edition, based on the classic 1940 version, is enhanced with commentary from some of today’s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today’s vastly different markets. The contributor list includes:
- Seth A. Klarman, president of The Baupost Group, LLC 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 LP
- 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
Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork “at least four times”), this new edition of Security Analysis will reacquaint you with the foundations of value investing—more relevant than ever in the tumultuous 21st century markets.
Produced and published by Echo Point Books & Media, an independent bookseller in Brattleboro, Vermont.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©1934, 1962, 1988, 2009 The McGraw-Hill Companies (P)2024 Echo Point Books & Media, LLCListeners also enjoyed...




















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Important - thought somewhat tedious
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please get an audible version of second edition.
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very refreshing and informative
just wow... astonished
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Amazing Book
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Probably need to listen to it again though....
Wow
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The only drawback of this audiobook that it is hard to understand the tables, hard to listen to but easier when reading the actual book.
The definitive text on stock market investing
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Must Read!
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Great
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If one were to accidently formulate such opinion as I did, such cannot be more from the truth.
Just like Pleto trying to provide classic, complete, and philosophical based approach towards governance, Graham and Dodd tries to do the same with investing.
Reading the book is a journey, where Graham tries to interpret, to his best ability, ways to meet “investment” definition for various asset classes such as bond, preference shares, shares, warrants, etc.
And along the way, if one tried to think, not of graham interpretation of “investment” itself, but the thinking logic which led Graham to conclude what he concluded in each chapter, understanding “indivisible lever” of risk and sound decision making, something special happen.
in case one applies lesson from both personalized interpretation of such logic, and supplement with suggestion from Graham where appropriate on all unanswered questions, one will (not can) get wealthy predictably (albiet at moderate pace that beats market).
Modern articles about Graham suggested course of action does not do him justice
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Excellent Book
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