
Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet or computer – no Kindle device required. Learn more
Read instantly on your browser with Kindle for Web.
Using your mobile phone camera, scan the code below and download the Kindle app.


Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) Hardcover – Illustrated, 16 October 2008
Price | New from |
Audible Audiobook, Unabridged
"Please retry" |
₹0.00
| Free with your Audible trial |
Hardcover, Illustrated
"Please retry" | ₹2,924.00 | ₹2,800.00 |
Save Extra with 3 offers
10 days Replacement
Replacement Reason | Replacement Period | Replacement Policy |
---|---|---|
Physical Damage, Defective, Wrong and Missing Item | 10 days from delivery | Replacement |
Replacement Instructions

Read full returns policy
Enhance your purchase
"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.
- ISBN-100071592539
- ISBN-13978-0071592536
- Edition6th
- PublisherMcGraw Hill Education
- Publication date16 October 2008
- LanguageEnglish
- Dimensions16.76 x 5.84 x 23.88 cm
- Print length700 pages
Frequently bought together
- +
Customers who viewed this item also viewed
Special offers and product promotions
- 5% Instant Discount up to INR 250 on HSBC Cashback Card Credit Card Transactions. Minimum purchase value INR 1000 Here's how
- No cost EMI available on select cards. Please check 'EMI options' above for more details. Here's how
- Get GST invoice and save up to 28% on business purchases. Sign up for free Here's how
Product description
Review
From the Back Cover
A roadmap for investing that I have now been following for 57 years.
From the foreword by Warren E. Buffett
The 1940 edition of Security Analysis is considered the bible of value investing. McGraw-Hill continues its proud tradition with this new sixth edition that will serve as a touchstone for a new generation of investors.
The leading Masters of value investing have updated Graham and Dodds classic work with more than 200 pages of new commentary:
- 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
The accompanying CD-ROM contains additional chapters from the original 1940 edition.
Benjamin Graham is the father of investment analysts everywhere, originally sparking the debate for a credential to professionalize the industry which led to the CFA Charter. He transformed the practice of financial analysis from trade to science, starting with his groundbreaking book, Security Analysis, first published in 1934. This edition, with new commentary by some of todays finest investors, belongs on every investment professionals shelf.
Jeffrey J. Diermeier, CFA, president and CEO, CFA Institute
About the Author
David L. Dodd was a colleague of Grahams at Columbia University, where he was an assistant professor of finance.
Product details
- Publisher : McGraw Hill Education; 6th edition (16 October 2008)
- Language : English
- Hardcover : 700 pages
- ISBN-10 : 0071592539
- ISBN-13 : 978-0071592536
- Item Weight : 1 kg 150 g
- Dimensions : 16.76 x 5.84 x 23.88 cm
- Best Sellers Rank: #230,168 in Books (See Top 100 in Books)
- #369 in Investments & Securities
- #1,789 in Library & Information Science
- #14,629 in Analysis & Strategy
- Customer Reviews:
About the author

Benjamin Graham (/ɡræm/; born Benjamin Grossbaum; May 8, 1894 – September 21, 1976) was a British-born American economist and professional investor. Graham is considered the father of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book Security Analysis. Graham had many disciples in his lifetime, a number of whom went on to become successful investors themselves. Graham's most well-known disciples include Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss, among others. Buffett, who credits Graham as grounding him with a sound intellectual investment framework, described him as the second most influential person in his life after his own father. In fact, Graham had such an overwhelming influence on his students that two of them, Buffett and Kahn, named their sons Howard Graham Buffett and Thomas Graham Kahn after him. Graham also taught at the UCLA Anderson School of Management.
Bio from Wikipedia, the free encyclopedia.
Customer reviews
-
Top reviews
Top reviews from India
There was a problem filtering reviews right now. Please try again later.
Regarding packaging, external packaging was damaged, book was in good condition with minor scratches in the back cover, other than that everything else is good.
Quality of paper is low and few minor print errors, we should live with this as sales of printed books are going down publisher may not be able to afford high quality materials, else book might be 10x costlier.
As everyone said, CD is not available with the pack, Lot of chapters are not printed instead referred to the CD. Example chapter 9 & 11.
Top reviews from other countries

My experience with reading this book has been wonderful. Not only did I pick up various specific lessons that would be valuable for my career in the stock market (particularly on behavioral biases, such as the market's tendency to value management quality twice), I also came to appreciate the various aspects about Ben Graham as a person:
1. VISION
The book helps you understand why Ben Graham is considered a 'man of ideas', whose investment philosophies transcend time. Decades after the various editions of this book were published, such ideas as 'speculation focuses primarily on, and attempts to profit from, the unknown future' as well as the classic 'margin of safety' would have served to prevent the dotcom or the subprime mortgage crashes. Moreover, observations such as that the P/E ratio was arbitrarily applied ('sometimes to the past, sometimes to the present, sometimes to the near future') still resonate with current practices in many markets.
2. LOGIC
Ben Graham was mathematically inclined. After all, he did elect to major in math at Columbia. Reflecting this, his writing consisted of many instructive guidelines that are both illuminating and elegantly succinct, like what you would expect of a mathematical equality. This makes it so easy for readers to quote his wisdom. Consider this sentence: 'It may be said, with some approximation to the truth, that investment is grounded on the past whereas speculation looks primarily to the future.' (although this is not a complete statement).
3. CREATIVITY
Ben Graham's intellectual capacity is by no means confined to quantitative analysis. A reflection of his being offered post-graduation employment in English, math and philosophy, Ben Graham eventually went on to co-write a Broadway play, develop a patented Morse-code-based system, and translate a Spanish novel. In his writing, you would find such flair of his creativity as this: 'An indefinite and approximate measure of the intrinsic value may be sufficient. To use a homely simile, it is quite possible to decide by inspection that a woman is old enough to vote without knowing her age.'
4. GENEROSITY
Warren Buffett was impressed by Ben when he used his own stock picks as examples in his class at Columbia, thereby revealing his trade secrets, perhaps to his financial detriment. This tendency to be so generous is reflected in the book: the 'Dean of Wall Street' was so deeply concerned with the well-being of the laymen investor in the stock market that he lashed out on Wall Street as an institution, which he himself was part of. Warren Buffett was lucky to be at the receiving end of Ben's generosity.
Note that this is still essentially a book about the technicality and psychology involved in the job of a security analyst. To obtain a more detailed picture of Ben Graham as a person, I would recommend his own Memoirs book, or The Einstein of Money by Joe Carlen.


Una è ottima e l'altra, per me, è al limite del ridicolo. L'ultima edizione del "The Intelligent Investor" risale al 2003 e contiene il testo INTEGRALE (incredibile vero?), dell'opera di Graham in cui ogni capitolo è commentato da Zweig. Il testo di Graham è sublime e quello di Zweig è ad un livello piuttosto alto.
Dall'altra parte abbiamo i geni che hanno partorito questa edizione, del 2008, di "Security Analysis", la sesta! Ma aspetta, le virgolette "" sul nome si riferiscono al fatto che questo libro che stai comprando non è la versione integrale scritta da Graham e Todd e studiata per 50 anni. Ma è un volume di 890 pagine in cui il testo originale (lungo anche esso originariamente intorno a 820 pag) si trova tagliato e castrato a meno di 650 pagine( ripeto, assolutamente non integrale). CHE IDEOLONA! e in cosa vanno le rimanenti 250 pagine? In commenti di 6/7 persone diverse, che cercano di "aggiornare" il contenuto originale in maniera sconnessa gli uni dagli altri e per la maggior parte in maniera sommaria e approssimativa (a differenza di Zweig) con frasi geniali del tipo: "nel 1934, Graham non avrebbe potuto prevedere gli strumenti esistenti nel 2007" Wow Grazie!! "Le linee guida che Graham da per le aziende classiche non valgono per le aziende internet con meno assets tangibili" Ma no, Pazzesco! Ti chiedi dove sono invece le rimanenti 180 pagine dell'opera originale? Su un CD...

