Security Analysis

Book Review

«Security Analysis» by Benjamin Graham is considered a classic work in the field of investment and financial analysis. First published in 1934, it has remained a go-to book for many investors and analysts. Graham, along with David Dodd, offers a fundamental approach to valuing stocks and bonds, focusing on financial statement analysis and identifying undervalued assets. Critics note that the book requires a deep understanding of financial principles and may be challenging for beginners, but its value lies in the detailed explanation of methods that remain relevant today. Graham emphasizes the importance of discipline and caution in investing, making his approach particularly valuable in volatile market conditions. While some aspects of the book may seem outdated, its core principles continue to inspire and educate generations of investors.