Beschreibung

"A road map for investing that I have now been following for 57 years." --From the Foreword by Warren E. Buffett THE BIBLE OF VALUE INVESTING UPDATED BY TODAY'S VALUE INVESTING MASTERS Buying a dollar's worth of assets for 50 cents isn't the only way to succeed on Wall Street. But it is how Warren Buffett got rich.

Just as value investing never goes out of style, neither does the value investor's bible, "Security Analysis," by Benjamin Graham and David L. Dodd, which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets.

In what will be a major event in the investment community, the second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Their new commentaries will be added to the 1940 text. "Graham's ideas inspired the investment community for nearly a century."- "Smart Money" INCLUDES MORE THAN 150 NEW PAGES OF COMMENTARY BY THE MASTERS OF VALUE INVESTING: Seth A. Klarman, president of The Baupost Group, L. L.C. 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 L. P. J. Ezra Merkin, Managing Partner, Gabriel Capital Group. Bruce Berkowitz, Founder, Fairholme Capital Management. Glenn H. Greenberg, CFA, 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

Inhaltsangabe

From the contents:

New Intro, Seth Klarman
New Intro, Jim Grant
New Intro to Part 1, by Roger Lowenstein
Part 1, Survey & Approach
New Intro to Part 2, By Howard Marks
Part 2, Fixed Value Investments
New Intro to Part 3, By Ezra Merkin
Part 3, Securities with Speculative Features
New Intro to Part 4, By Bruce Berkowitz
Part 4, Common Stocks
New Intro to Part 5, By Glenn Greenberg
Part 5, Analysis of the Income Account
New Intro to Part 6, By Bruce Greenwald
Part 6, Balance Sheet Analysis
New Intro to Part 7, By David Abrams
Part 7, Additional Aspects of Security Analysis

Klappentext

"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 200 additional pages of 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, L. L.C. 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 L. P.
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.