This is the long-awaited reprint of Graham and Dodd's masterful first revision. The first edition of "Security Analysis", published in 1934, forever changed the theory and practice of successful investing. Yet the remainder of that tumultuous decade brought unprecedented upheaval to the financial world, compelling Benjamin Graham and David Dodd to produce a comprehensively revised second edition. It is that edition, out of print for decades, that you now hold in your hands. "Security Analysis, Second Edition", published in 1940, is considered by many (including legendary Graham student Warren Buffett) to be vastly superior to the first. Yet after three subsequent editions and over six decades, the insightful and instructive second edition could be found only in rare bookshops and closely-guarded private collections.McGraw-Hill, the book's original publisher, is honored to publish "Security Analysis: The Classic 1940 Edition". Identical in every meaningful aspect to the classic original, this is the long-awaited book that set the tone for decades of value investors. Let it provide you with a greater understanding of this country's financial heritage, along with timeless value investing insights that have proven relevant and profitable in all types of markets and financial environments - and will never go out of style.'The lapse of six years since first publication of this work supplies the excuse, if not the necessity, for the present comprehensive revision ...We have revised our text with a number of objectives in view. There are weaknesses to be corrected and some new judgments to be substituted' - From the Preface. The names Graham and Dodd have come to be inextricably linked in the minds of thoughtful, disciplined investors. Their 1934 book "Security Analysis" made the two synonymous with intelligent, long-term investing, and forever changed the face of Wall Street.While post-Crash traders and investors treasured the book for its rigorous honesty, determined logic, and unequalled track record of success, the authors saw only the 'weaknesses to be corrected'. The second edition of "Security Analysis", published in 1940, allowed Ben Graham and David Dodd to set the record straight. It was considered by many then, and is considered by many now - including Graham student and disciple Warren Buffett, to be superior in many ways to the first. Still, as subsequent revised editions appeared, the once - indispensable second edition fell out of print and became virtually impossible to locate.With "Security Analysis: The Classic 1940 Edition", McGraw-Hill returns this long-sought investment classic to the marketplace. While its timeless advice - that investors should ignore social trends, company prospects, and management styles to focus on the balance sheet - is as vital today as it was in 1940, it is the book's updated insights and observations that justify its importance in the annals of both investing and publishing.Even as the financial world sang the praises of 1934's groundbreaking "Security Analysis", Benjamin Graham and David Dodd knew they could improve it. And that they did, with the 1940 publication of a brilliant second edition. Now, after having been unavailable for decades, this influential book returns in "Security Analysis: The Classic 1940 Edition". As powerful today as it was for investors six decades back, it will reacquaint you with the foundations of value investing - more relevant than ever in tumultuous 21st century markets - and allow you to own the only book that could rightfully claim to have improved upon the eloquent first edition of "Security Analysis".

About the Authors

Benjamin Graham was the author of many influential investment books, including the classic Security Analysis, now in its sixth edition. The first proponent of the value school of investing and founder and former president of the Graham-Newman corporation investment fund, Graham taught at Columbia Universitys Graduate School of Business from 1927 through 1957.

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

David L. Dodd was a colleague of Graham’s at Columbia University, where he was an assistant professor of finance.

"About this title" may belong to another edition of this title.

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Equipment for Living is a socially conscious bookstore located in Aliquippa, Pennsylvania. More than just a retail business, we define ourselves as "a business with a conscience" - committed to fostering community development, meaningful employment, and urban revitalization in Western Pennsylvania. OUR MISSION: Equipment for Living operates on the belief that responsible entrepreneurship can be a powerful force for positive change. We provide valuable retail services while creating meaningful work opportunities that serve as sites of training and mentoring. Our Youth Employment Initiative specifically targets local residents aged 16-25, offering employment, skill development, and guidance during the critical transition from youth to adulthood. We measure success not just in profits, but in empowering our employees to pursue their career aspirations and life goals - even when that means moving on to other opportunities. OUR STORY: Founded in 2008 and opening our physical storefront in 2012 after extensive community-led renovations, Equipment for Living has grown from an online book venture into a cornerstone of Aliquippa's revitalization efforts. We've deliberately chosen to establish our business in this former steel town, recognizing that true community poverty isn't just about lacking economic resources - it's about lacking opportunities, connections, education, and hope. OUR INVENTORY: Equipment for Living offers a refreshingly different retail experience from typical chain bookstores. While big-box stores stock only high-demand, profitable bestsellers in predictable arrangements, we curate a wide and constantly evolving selection that reflects the unique character of our community. Our diverse inventory includes books across all genres and eras, audiobooks, CDs, DVDs, VHS tapes, vinyl records, and video games. We embrace the philosophy that "if you only read the books that everyone else is reading, you can only think what everyone else is thinking." While we may not always have the latest bestseller in stock, we guarantee a carefully selected range of high-quality products you won't easily find elsewhere - true equipment for living a rich, thoughtful life.

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