Security Analysis

Summary

The book «Security Analysis» by Benjamin Graham and David Dodd is a classic work in the field of investing and financial analysis. It offers a systematic approach to evaluating the value of stocks and bonds, emphasizing the importance of fundamental analysis and a long-term investment perspective. Graham and Dodd focus on the meticulous study of companies' financial statements, analyzing their earnings, assets, and liabilities. The book also explores the concepts of intrinsic value and margin of safety, which help investors make informed decisions and minimize risks. «Security Analysis» has laid the foundation for many modern investment strategies and continues to be relevant for investors seeking a rational and well-founded approach to capital allocation.