Its a must read if you are looking to invest in equity or senior securities.
Author explains very clearly the concepts of analysing stocks. Even though the concepts are almost a decade old, they are still valid and applicable.
If you are new to investing and not sure where to start, this is the book.

Great book for those who are interested in long-term investments.
Certain understanding of financial reporting is required.

Book is the invaluable thoughts and experience of the two best super-investors and teachers. The book is considered as the Bible of investing. It outlays the methodology for deep understanding of financial statements and to find the true earnings and asset values of the firm.

This was the first book I read on investing and it laid down the road map to analyse financial reports. It was difficult to grasp the thoughts on first read but with multiple readings things started becoming clear.

Must read book for investor.
Worth reading multiple times.

The tome....

I feel like this book should be required reading before anyone is allowed to invest in the stock market

Outstanding!






































Gene Panasenko

Will read this book one day, but maybe not anytime soon. This is a very tough book to read, and should only be read by those familiar with security analysis.

David Abrams summed up Security Analysis the best when he called it "the value investors' equivalent to Deuteronomy" in his introduction to Part VII of the 6th edition. It is an extremely thorough explanation of how to evaluate stocks and bonds, primarily focusing on a company's income statement and balance sheet. It is not an ideal starting point for young investors–I have read several finance books before this one, and parts of it were still over my head–but it is essential reading for any serious investor.

Graham and Dodd discuss the philosophy of value investing eloquently. They provide detailed analysis of dozens of companies' finance statements to support their arguments about how investors should analyze securities. It is an excellent reality check for anyone who thinks he knows a thing or two about investing.

The examples given by Graham and Dodd are a bit dated (1930s), but most of the principles are still relevant today. The organization of the book is a bit awkward, but I don't presume that I could organize such a massive quantity and variety of material any better.

It took me a long time to get through this, and I will probably explore many parts of it again over the next few years. It is a valuable addition to any business library and a resource that you can use for a lifetime of investing.

Oftentimes referred to as the best of the many editions, I wanted to read this version because it was released 10 years after the start of the Great Depression. The 'links' between investing after the 1920s offer some insights into a similar period as investing after the massive technology bubble of the 1990s.

Of course, we did not experience a global depression after the 1990s (due to Greenspan and the Greatest Global Boom of all time), but there are some common threads. In addition, Benjamin Graham is the Father of Value of investing. His students have amassed some of the greatest long-term returns in history (even during the secular bull market of the 1960s and 70s).

A great read for investors.

This book has more useful, practical and well reasoned information per page than anything else I've read about investing. It is however a heavy book, both figuratively and literally. It's doubtful whether you can appreciate all of it without already having some meaningful experience. Probably worth reading multiple times over ones investment career.

Text book like covering a breadth of topics without much focus on any one thing. Good over view but not fun nor deep enough to fully engage

Excellent book. Written in the years after the crash of 1929, the unique historical circumstances of the time led the authors to the formulation of an investment strategy called the "margin of safety". The strategy doubts the efficiency of market forces and looks to exploit the occasional mispricing of securities to profit . An effective and and well documented method, adherents popularly known as value investors have found great success when seeking a margin of safety in their investments. The $BRK meeting is in May, right?