..I can only tell you that the secret has been out.. ever since Ben Graham and Dave Dodd wrote Security Analysis" -Warren Buffett ,1984
by Graham, Dodd, Benjamin, David
- Used
- first
- Condition
- See description
- Seller
-
Woodland Hills, California, United States
Payment Methods Accepted
About This Item
Graham, Benjamin; and Dodd, David L. Security Analysis: Principles and Technique. New York & London: McGraw-Hill Book Company, Inc., 1934. First Edition, Third Impression (as printed on the title page) Aprox 9" x 6". Maroon cloth titled in gilt within a gilt on the spine. The covers are lightly rubbed and soiled with slight wear to the corners and head & tail of the spine. xi, [i] & 725 pages.. From the library of J H. Kass, Jr., with his signature penned on the front endpaper and also penciled once again above the name of his firm Wood, Struthers & Co., 20 Pine Street, [New York] who were dealers in investment securities. He has made a few small light pencil marks inside. Warren Buffett concluded in an 1984 article that "..I can only tell you that the secret has been out for 50 years, ever since Ben Graham and Dave Dodd wrote Security Analysis, yet I have seen no trend toward value investing in the 35 years I've practiced it. There seems to be some perverse human characteristic that likes to make easy things difficult. The academic world, if anything, has actually backed away from the teaching of value investing over the last 30 years. It's likely to continue that way. Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace, and those who read their Graham & Dodd will continue to prosper." Written by professors Benjamin Graham and David Dodd of Columbia University, "Security Analysis" laid the intellectual foundation for what was to be called value investing. Published a few years after the Stock Market Crash of 1929 and the Great Depression, Graham and Dodd coined the term "margin of safety" among others in their book "Security Analysis". Summing up the lessons learned from the crash, Graham and Dodd, both professors at Columbia University's business school, took Wall Street to task for focusing on companies' "reported earnings per share", and were particularly critical of the favored "earning trends". In the book Graham proposes clearly defining investment from what he considers speculation There is some minor spotting to the edges of the book. Still very scarce as a first edition and a book that is almost never in very good condition, as it was well read and annotated by buyers. Overall in good to very good condition.
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Details
- Bookseller
- Max Rambod Inc. (US)
- Bookseller's Inventory #
- 17247
- Title
- ..I can only tell you that the secret has been out.. ever since Ben Graham and Dave Dodd wrote Security Analysis" -Warren Buffett ,1984
- Author
- Graham, Dodd, Benjamin, David
- Book Condition
- Used
- Quantity Available
- 1
Terms of Sale
Max Rambod Inc.
30 day return guarantee, with full refund including original shipping costs for up to 30 days after delivery if an item arrives misdescribed or damaged.
About the Seller
Max Rambod Inc.
Biblio member since 2020
Woodland Hills, California
About Max Rambod Inc.
Max Rambod Inc offers thousands of rare books, historical documents, letters, manuscripts, printed ephemera, and first editions in a variety of fields. These include Americana, Women's History, Military History, Science & Technology, Philosophy, African Americana, Literature, Art, and more.
For over 30 years, we have served a clientele of collectors, private institutions, universities, and public libraries in acquisition and collection development. We are members of ILAB, ABAA, and PADA, and have furnished collections around the world with rare and unique material; from the personal letters of literary greats to first edition Journals of Congress to unique pamphlets from the civil rights era. We strive to find archives and original early printed material that can fill gaps in existing institutional holdings; the kind of material that can bring new perspectives to the traditionally disregarded voices of indigiouneous peoples, women, and African-Americans.
We pride ourselves on the ability to track down the rarest and most interesting material for our client's collections. The partnerships we form with libraries, institutions, and personal collectors begin with a phone call or an email and last for decades. We offer an unconditional guarantee for each item's authenticity and completeness.
For over 30 years, we have served a clientele of collectors, private institutions, universities, and public libraries in acquisition and collection development. We are members of ILAB, ABAA, and PADA, and have furnished collections around the world with rare and unique material; from the personal letters of literary greats to first edition Journals of Congress to unique pamphlets from the civil rights era. We strive to find archives and original early printed material that can fill gaps in existing institutional holdings; the kind of material that can bring new perspectives to the traditionally disregarded voices of indigiouneous peoples, women, and African-Americans.
We pride ourselves on the ability to track down the rarest and most interesting material for our client's collections. The partnerships we form with libraries, institutions, and personal collectors begin with a phone call or an email and last for decades. We offer an unconditional guarantee for each item's authenticity and completeness.
Glossary
Some terminology that may be used in this description includes:
- First Edition
- In book collecting, the first edition is the earliest published form of a book. A book may have more than one first edition in...
- Cloth
- "Cloth-bound" generally refers to a hardcover book with cloth covering the outside of the book covers. The cloth is stretched...
- New
- A new book is a book previously not circulated to a buyer. Although a new book is typically free of any faults or defects, "new"...
- Soiled
- Generally refers to minor discoloration or staining.
- Gilt
- The decorative application of gold or gold coloring to a portion of a book on the spine, edges of the text block, or an inlay in...
- Edges
- The collective of the top, fore and bottom edges of the text block of the book, being that part of the edges of the pages of a...
- Spine
- The outer portion of a book which covers the actual binding. The spine usually faces outward when a book is placed on a shelf....
- Tail
- The heel of the spine.