Summaries and Customer Reviews are supplied by Amazon.com

With nearly a million copies sold, Security Analysis has been continuously in print for more than sixty years. No investment book in history had either the immediate impact, or the long-term relevance and value, of its first edition in 1934. By 1951, seventeen years past its original publication and more than a decade beyond its revised and acclaimed 1940 second edition, authors Benjamin Graham and David Dodd had seen business and investment markets travel from the depths of Depression to the heights of recovery, and had observed investor behavior during both the calm of peacetime and the chaos of World War II.

The prescient thinking and insight displayed by Graham and Dodd in the first two editions of Security Analysis reached new heights in the third edition. In words that could just as easily have been written today as fifty years ago, they detail techniques and strategies for attaining success as individual investors, as well as the responsibilities of corporate decision makers to build shareholder value and transparency for those investors.

The focus of the book, however, remains its timeless guidance and advice--that careful analysis of balance sheets is the primary road to investment success, with all other considerations little more than distractions. The authors had seen and survived the Great Depression as well as the political and financial instabilities of World War II and were now better able to outline a program for sensible and profitable investing in the latter half of the century.

Security Analysis: The Classic 1951 Edition marks the return of this long-out-of-print work to the investment canon. It will reacquaint you with the foundations of value investing--more relevant than ever in tumultuous twenty-first century markets--and allow you to own the third installment in what has come to be regarded as the most accessible and usable title in the history of investment publishing.

Average Customer Rating:

One of the best books on investing ever!!

Customer Rating:

This is a classic and one of the best books on investing ever. It is a large book and a lot to handle for most people but it is done in a way that almost everyone should be able to understand what the author is saying. An excellent book on explaining how to value a company and getting you to think about the value of cash flow in terms of current dollars. Most of the time when people put money some place they do not really understand the return vs. risk concept. maybe this book will help with that.

Excellent Classic Book for Value Investor	Customer Rating:
You will learn and understand important factors to consider during your investment process. I like this wondeful classic book.

Very bad copy quality	Customer Rating:
While the fly on this text touts the fact that this edition is photocopied from the original text, the process did not work. The text copy is fuzzy and blurred making it hard to read. This process was not disclosed in the Amazon summaries available for purchase decision which I find troubling. I would not recommend this text.

A Must Read	Customer Rating:
This is the a must read for any investors. It is, however, quite difficult for beginners to comprehend, though. At least I didn't understand it quite well until after I took Corporate Finance, Accounting, etc... and studied for my CFA exam. I'd recommend beginners read Graham's "The Intelligent Investor", which help create a concrete basis of your investment philosophy.

Where are the Cliff Notes?!

Customer Rating:

I had to put this book down after skipping pages, sections, chapters, etc due to the academic writing style (way too wordy) and the vague examples/formulas. Like another reviewer I'd suggest that someone take all of the information in this book and boil it down to something easily readable with concrete examples. I've read tons of investing and educational texts and was bored to tears with this one but gave it 3 stars as I think there are some good nuggets buried in it. My most recent investing book was Rule #1 and it seemed like a very simplied version but an easy, understandable read, so maybe I'll wait for the Cliff Notes ;) I'm a trader/investor and don't need one on my shelf to "appear" smart...anyone want to buy my copy of this book?!