This is the long-awaited reissue of the masterpiece first revised work by Graham and Dodd. The first edition of "Security Analysis," published in 1934, forever changed the theory and practice of successful investing. However, the rest of the turbulent decade led to unprecedented upheavals in the financial world, forcing Benjamin Graham and David Dodd to produce an extensive revised second edition. It is this edition, out of print for decades, that you hold in your hands. "Security Analysis, Second Edition," published in 1940, is considered by many (including Graham's legendary student, Warren Buffett) to be far superior to the first. After three subsequent editions and over six decades, the thorough and instructive second edition could only be found in rare bookstores and carefully guarded private collections.

McGraw-Hill, the original publisher of the book, is proud to publish "Security Analysis: The Classic 1940 Edition." Identical in every significant aspect to the classic original, it is the eagerly anticipated book that defined the direction of decades of value investors. Let it offer you a greater understanding of your country's financial heritage, along with timeless value investment insights that have proven relevant and profitable in all types of markets and financial environments - and will never lose their value.

“The passage of six years since the first publication of this work provides the excuse, if not the necessity, for the present extensive revision... We have revised our text with many objectives in mind. There are weaknesses to be corrected and some new judgments to be substituted” - From the Preface. The names Graham and Dodd have become inextricably linked in the minds of thoughtful, disciplined investors. Their book "Security Analysis" from 1934 made it synonymous with smart, long-term investing, forever changing the shape of Wall Street.

While post-Crisis investors and traders valued the book for its unassailable honesty, decisive logic, and unmatched success, the authors saw only the "weaknesses to be corrected." The second edition of "Security Analysis," published in 1940, allowed Ben Graham and David Dodd to restore the truth. It was considered then, and is considered now - including Graham's student and apostle, Warren Buffett - to be far superior in many ways to the first.

Even as the financial world praised the structures of 1934, Benjamin Graham and David Dodd knew they could improve it. And they did, with the publication in 1940 of a brilliant second edition. Now, after decades of being unavailable, this influential book returns in "Security Analysis: The Classic 1940 Edition." As powerful today as it was for investors six decades ago, it will reintroduce you to the foundations of value investing - more relevant than ever in the turbulent markets of the 21st century - and allow you to own the only book that can rightfully claim to have improved upon the appealing first edition of "Security Analysis."

Pages: 880, Dimensions: 16.8x16.8cm