Benjamin Graham on Investing: Enduring Lessons from the Father of Value Investing 71621423

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“They laid out a road map for investing that I have now been following for 57 years. There’s been no reason to look for another.” —Warren Buffett, on the writings of Benjamin Graham

Legendary investing author and philosopher Benjamin Graham lived through interesting times. Soon after his graduation from Columbia College, the nation entered the First World War. As the stock market fluctuated in wild dips and peaks, the government seized control of the railroad industry, inflation and interest rates rose dramatically, and economic depression loomed on the horizon.

During these events—and perhaps inspired by them—Graham began writing articles for The Magazine of Wall Street, putting to paper his earliest ideas on value investing and security analysis.

For the first time, these important works have been anthologized into a single volume. Benjamin Graham on Investing is a treasure trove of rare and out-of-print articles that document the early flashes of genius from a man whose ideas and theories would revolutionize investment philosophy and inspire the careers of such luminaries as Warren Buffett, Seth Klarman, Charlie Munger, and countless other top-tier investors.

The early works of Benjamin Graham have never been as relevant as they are today. The world’s markets are undergoing changeon a scale not unlike that of Graham’s era. David Darst, one of the world’s most respected experts on asset allocation, provides insightful analyses connecting Graham’s articles to events today.

,i>Benjamin Graham on Investing is a timeless classic that continues to have relevance more than 30 years after the author’s death.

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From the Back Cover

Most famous for his investing classic Security Analysis, first published by McGraw-Hill in 1934, Benjamin Graham wrote for The Magazine of Wall Street between 1917 and 1927. It was in these early articles that Graham began fleshing out what would eventually become some of the most influential investment theories in history.

Now, for the first time, Graham’s early writings are available exclusively in a single volume.

Benjamin Graham on Investing is a rare presentation of the legendary investor’s unique analytical style and methods for determining a company’s true value. Writing from the last two years of World War I through the years leading up to the crash of 1929, Graham’s articles are not only indicative of the economic turbulence of the period but also serve as timeless pieces of wisdom for any investor.

Edited and featuring a preface by Rodney G. Klein, a former student of the legendary value investor, and with detailed commentary by asset allocation expert David M. Darst, this collection is a prized volume for any fan of Benjamin Graham.

作者简介
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 University’s Graduate School of Business from 1927 through 1957. Rodney G. Klein is a Wall Street historian and former student of Benjamin Graham at UCLA. He founded the Klein Stock Market Museum & Library in Massillon, Ohio. David M. Darst, CFA, is a managing director of Morgan Stanley. He serves as Chairman of the Asset Allocation Committee and Chief Investment Strategist of the Global Wealth Management Group. Darst was the founding president of the Morgan Stanley Investment Group.
目录
Curiosities of the Bond List, 9/1917 Valuation Great Nothern Oil Certificates, 9/1917 Inspiration Copper Value, 4/1918 Nevada Consolidated 5/1918 Rock Island vs. Missouri Pacific, 5/1918 Cash Position with Industrials, 7/1918 Secrets of Invested Capital, 8/1918 Great Steel Tax Mystery 9/1918 American Agriculture and Virginia Caroline, 9/1918 Sad Case of MK&T Bonds, 10/1918 Attractive Peace Bonds, 10/1918 Safe Investments with High Yields 11/1918 Hidden Assets of Consolidated Gas 12/1918 Bargain Hunting Through Bond List, 1/1919 B&O for C&O, 2/1919 Where War Earnings Have Gone 3/1919 Attractive Industrial Preferred Stocks 4/1919 A Profitable Switch to Stocks 5/1919 Coal Situation and Coal Stocks 7/1919 Strategic Switches in Railroad Issues 8/1919 Art of Hedging 2/1920 Which is the Best Sugar Stock? 4/1920 The Collapse of American International 12/1920 Reading Railroad, 10/1923 Reading the Market's Sleeping Beauty 11/1924 Simple Tests for Determining Value of Railroad Preferred Stocks 12/1924 Diversified List of Low Priced Stocks 1/25 Van Sweringen Scheme 3/1926 The Reorganizing of St. Paul Van Sweringen Scheme 1/1927 Riddle of US Steel's Book Value 7/1926 Mr. Shareholder, Do You Know When Periodic Stock Dividends Help and When They Hurt You? 9/1926 New Era of Discrimination in Selection of Securities 1/1927
出版社McGraw-Hill
作者Benjamin Graham