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Kirsten Bischoff, Opalesque New York: As the US was mired in the Great Depression a financial bible was being written. The 1934 publication of “Security Analysis” by Benjamin Graham and David Dodd changed forever the practiced theories behind investing and allowed professional investors to see that stocks were still worth buying. Today, a first edition copy of the text many consider to be sacred is available for a mere $40,000.00, but in October 2008 an updated 75th anniversary edition will be published by Graham and Dodd’s original publisher McGraw Hill.
Warren E Buffett studied “Security Analysis” directly with Graham and Dodd who were his professors at Columbia in 1950-1951, and he has written the new foreword for this special edition commenting, “Together the book and the men changed my life.”
Leah Spiro, Senior Editor at McGraw Hill shared with Opalesque a few of the changes that have been made to update the tome for a celebrated re-release. “We’ve gathered the top value investors to go back to the original text of the 1940 [sixth] edition, which is Warren Buffett’s favorite edition, to tell readers why Ben Graham’s thoughts, ideas, and principles are still relevant today in 2008.”
The new edition which has been edited by Seth Klarman of the Baupost Group, James Grant of Grant’s Interest Rate Observer and Founding General Partner of Nippon Partners, Bruce Greenwald the Robert Heilbrunn Professor of Fin...................... To view our full article Click here
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