Security Analysis BY Benjamin Graham

Security Analysis provides fundamental techniques for evaluating investment opportunities. Benjamin Graham and David Dodd explore how to analyze bonds, scrutinize stocks, determine a firm’s capacity for generating earnings and prospects for expansion, and assess a security’s intrinsic value based on measurable factors and more subjective elements.

The authors examine the prudent selection of investments that provide a fixed income, like bonds and preferred stock, offering practical approaches to analyzing financial statements, judging an issuer’s vulnerability, and determining an investment’s margin of safety. They outline essential criteria for assessing securities secured by physical assets, real estate, and financial instruments backed by collateral trusts.