Value investing1934
Security Analysis
Benjamin Graham and David Dodd
A deep foundation for security analysis, asset valuation, bonds, stocks, and the margin-of-safety principle.
Why read it
A deep foundation for security analysis, asset valuation, bonds, stocks, and the margin-of-safety principle.
Helps readers estimate value instead of forecasting short-term price.
Helps readers demand a margin of safety.
Helps readers prioritize avoiding permanent loss.
Helps readers wait for price and quality to align.