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

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Edition: 1st
Format: Hardcover
Pub. Date: 2009-07-16
Publisher(s): McGraw Hill
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Summary

"They laid out a road map forinvesting that I have now beenfollowing for 57 years. There's beenno reason to look for another." Warren Buffett, on thewritings of Benjamin GrahamLegendary investing author and philosopherBenjamin Graham lived throughinteresting times. Soon after his graduationfrom Columbia College, the nation enteredthe First World War. As the stock market fluctuatedin wild dips and peaks, the governmentseized control of the railroad industry, inflationand interest rates rose dramatically, andeconomic depression loomed on the horizon.During these eventsand perhaps inspiredby themGraham began writing articles forThe Magazine of Wall Street, putting to paperhis earliest ideas on value investing and securityanalysis.For the first time, these important workshave been anthologized into a single volume.Benjamin Graham on Investingis a treasure troveof rare and out-of-print articles that documentthe early flashes of genius from a manwhose ideas and theories would revolutionizeinvestment philosophy and inspire the careersof such luminaries as Warren Buffett, SethKlarman, Charlie Munger, and countless othertop-tier investors.The early works of Benjamin Graham havenever 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 respectedexperts on asset allocation, provides insightfulanalyses connecting Graham's articles toevents today.,i>Benjamin Graham on Investingis a timelessclassic that continues to have relevance morethan 30 years after the author's death.

Author Biography

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 And 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.

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Table of Contents

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
Table of Contents provided by Publisher. All Rights Reserved.

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