Security Analysis (Sixth Edition)
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Narrated by:
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Scott R. Pollak
About this listen
A road map for investing that I have now been following for 57 years. (From the Foreword by Warren E. Buffett)
First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd.
As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing”, have withstood the test of time across a wide diversity of market conditions, countries, and asset classes.
This new sixth edition, based on the classic 1940 version, is enhanced with commentary from some of today’s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today’s vastly different markets. The contributor list includes:
- Seth A. Klarman, president of The Baupost Group, LLC and author of Margin of Safety
- James Grant, founder of Grant's Interest Rate Observer, general partner of Nippon Partners
- Jeffrey M. Laderman, twenty-five year veteran of BusinessWeek
- Roger Lowenstein, author of Buffett: The Making of an American Capitalist and When America Aged and Outside Director, Sequoia Fund
- Howard S. Marks, CFA, Chairman and Co-Founder, Oaktree Capital Management LP
- J. Ezra Merkin, Managing Partner, Gabriel Capital Group
- Bruce Berkowitz, Founder, Fairholme Capital Management
- Glenn H. Greenberg, Co-Founder and Managing Director, Chieftain Capital Management
- Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School
- David Abrams, Managing Member, Abrams Capital
Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork “at least four times”), this new edition of Security Analysis will reacquaint you with the foundations of value investing—more relevant than ever in the tumultuous 21st century markets.
Produced and published by Echo Point Books & Media, an independent bookseller in Brattleboro, Vermont.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©1934, 1962, 1988, 2009 The McGraw-Hill Companies (P)2024 Echo Point Books & Media, LLCListeners also enjoyed...
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El libro está bien, pero ES VERSION RESUMIDA
- By alexnvlp on 08-24-23
By: T. Harv Eker
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Plan Your Year Like a Millionaire
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- Narrated by: Rachel Rodgers
- Length: 2 hrs
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Plan Like a Millionaire is part of a riveting three-part series, and it's all about elevating your game and setting goals like a seven-figure earner. In this wealth-inspiring listening journey, Rachel reveals the secrets of how to set goals, manage time wisely, build essential support systems, break free from financial constraints, and make savvy money decisions.
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Feel Good Book, only
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The Little Book of Common Sense Investing
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The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
- By Matt on 01-31-19
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
- By Iray007 on 09-22-15
By: MJ DeMarco
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The 1-Page Marketing Plan
- Get New Customers, Make More Money, And Stand Out From The Crowd
- By: Allan Dib
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To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
- By Rosie's mom on 10-23-18
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Six-Figure Side Hustle
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Rachel Rodgers, financial maven and heralded author of We Should All Be Millionaires, has created a groundbreaking new Audible Original series with Six Figure Side Hustle. In this installment of a dynamic three-part audio journey, Rachel unveils the blueprint for turning spare time into a $100,000-per-year side hustle in just three months.
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Not For YOU!
- By S. Seigel on 03-02-24
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The Most Important Thing
- Uncommon Sense for The Thoughtful Investor
- By: Howard Marks
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Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy. The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career.
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Five Star Book, two Star Audiobook
- By Johnny on 06-08-15
By: Howard Marks
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Not worth the hype
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What listeners say about Security Analysis (Sixth Edition)
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Jim Lewis
- 06-14-20
Important - thought somewhat tedious
This is a research piece - not a story. At times it has to be endured as such. But the information is important to the extent that money is important in your life.
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8 people found this helpful
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Overall
- Dale Hartt
- 07-14-21
please get an audible version of second edition.
I'd love a version with Warren Buffett doing the preface, and the rest all Benjamin Graham. Particularly the second edition. Thanks
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4 people found this helpful
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- Mrs. Aibit
- 01-22-21
just wow... astonished
loved it and can't wait to read it again and again.
very refreshing and informative
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- Mike
- 01-17-20
Amazing Book
Great book, got it after listening to the intelligent investor. Needs to be a part of every investors digital bookshelf.
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18 people found this helpful
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- JakeyPoo
- 09-29-20
Wow
This took a looooonnnggg time lol but d@mn that was good $h!t...
Probably need to listen to it again though....
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8 people found this helpful
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- JBL
- 10-26-21
The definitive text on stock market investing
Security Analysis is the definitive text on long-term stock market investing as empirical data points to a persistent value premium over growth stocks, confirming the investing philosophy of Graham and Dodd. The lessons in this text are timeless.
The only drawback of this audiobook that it is hard to understand the tables, hard to listen to but easier when reading the actual book.
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3 people found this helpful
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- Anonymous User
- 05-06-20
Must Read!
If you have any interest in investing or going on a asset management career this is the book for you!!
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2 people found this helpful
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- Red
- 08-07-23
Great
I liked it. I read the original and wanted to read this one. It was good, although it's outdated the same theory still applies.
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1 person found this helpful
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- Sittichai N.
- 11-25-22
Modern articles about Graham suggested course of action does not do him justice
Large numbers of news and investment community tries to simplify Graham recommended course of action, and through unintentional popularization by Warren Buffett, people came to believe that Graham believe/insist on purely quantitative based algorithmic-like investment strategy.
If one were to accidently formulate such opinion as I did, such cannot be more from the truth.
Just like Pleto trying to provide classic, complete, and philosophical based approach towards governance, Graham and Dodd tries to do the same with investing.
Reading the book is a journey, where Graham tries to interpret, to his best ability, ways to meet “investment” definition for various asset classes such as bond, preference shares, shares, warrants, etc.
And along the way, if one tried to think, not of graham interpretation of “investment” itself, but the thinking logic which led Graham to conclude what he concluded in each chapter, understanding “indivisible lever” of risk and sound decision making, something special happen.
in case one applies lesson from both personalized interpretation of such logic, and supplement with suggestion from Graham where appropriate on all unanswered questions, one will (not can) get wealthy predictably (albiet at moderate pace that beats market).
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- Everet
- 07-10-22
Excellent Book
I enjoyed it. I will definitely listen to it again and again. Next time, however, I will have to take note of some of the insightful topics covered.
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