The classic work from the “father of value investing”—fully updated for today’s generation of investors

First published in 1934, Security Analysis is one of the most influential financial books ever written. With over a million copies sold, it has provided generations of investors with Benjamin Graham and David L. Dodd’s timeless value investing philosophy and techniques.

This seventh edition builds on the context and commentary of the sixth edition from ten of today’s leading voices on Wall Street. These masters of value investing discuss the influence of Graham and Dodd on today’s markets and contextualize the philosophy that influenced so many famous investors. Lead editor Seth Klarman, considered an intellectual successor to Warren Buffett in value investing, has assembled a team of contributors to provide commentary on Security Analysis in terms of today’s markets and practices, including how today’s value investors should assess markets, asset classes, and securities Graham and Dodd could not have possibly foreseen. New content includes:



An extensively updated Preface by Seth Klarman
Contributions by Howard Marks, James Grant, Roger Lowenstein, and 10 other contributors including a number of the most important emerging voices in value investing
Addresses the many changes in the business world, financial markets, and investing practices since Graham’s day, including new sections on investing in private as well as public markets, arbitrage strategies, international investing, and portfolio management
A foreword by Warren Buffett, Graham and Dodd’s staunchest advocate
Chapters from the second edition excluded from this one will be featured as an easy-to-access downloadable resource
A new “About this Edition” that contextualizes which chapters have been included and removed



Whether you’re an individual investor, retail investor, value investor, or finance student, the new edition of this authoritative guide is a must-read.