Description
The first edition, fifth impression of Security Analysis: Principles and Technique by Benjamin Graham and David L. Dodd.
Octavo, xi, [1], 725pp, [5pp]. Maroon cloth, title over black print on spine, gilt-ruled bands on spine. Stated “First Edition, Fifth Impression” on title page. Previous ownership stamps and inscription to front endpapers. Marginalia and underlining throughout, in pencil and pen. Solid text block, light rubbing to cloth, sunning to spine. Dampstain to rear panel, limited impact to lower corner of text block. Illustrated with multiple graphs and charts.
A solid example of this important work in financial theory.
Security Analysis: Principles and Technique by Columbia University professors Benjamin Graham and David Dodd was first published in 1934 by McGraw-Hill Book Company of New York. This landmark work in investment strategy was written during the intense stock market volatility of the early 1930s. Graham and Dodd criticize Wall Street for its focus on earnings per share, instead encouraging investors to look at the value of business operations. This was later known as “Value Investing,” or looking at the long term profitability of a firm and investing in companies that were undervalued by the market.
