Sunday, March 25, 2007

Security Analysis

Security Analysis is a famous book by Benjamin Graham first published in 1934. Benjamin Graham is the so called father of "Value Investment" and teacher and mentor of Warren Buffett.

Another book by Graham, The Intelligent Investor, is even more famous. According to Kilpatrick in "Of Permanent Value":
Buffett has said, "I read the first edition of this book early in 1950, when I was nineteen. I thought then that it was by far the best book about investing ever written. I still think it is.

Graham's Intelligent Investor is a popular version of Security Analysis, the classic study written by Graham and Columbia Professor David L. Dodd.

Nevertheless, it has been said, Buffett has red Security Analysis (and especially the 2nd edition from 1940) many times over.
I have heard him say, that he has read it from cover to cover more than a dozen times. He has read the other editions as well.
Security Analysis: The Classic 1940 Edition


The book plays also a major role (next to the bone scanner) in the movie The Pursuit of Happyness.











However, according to Wikipedia:
The film prominently showed the 5th edition of Security Analysis — black jacket, white, gold, red fonts — as the one that Dean Witter Reynolds required 60 unpaid interns to study for six months. The intern portion of the story is circa 1981; the 5th edition of Security Analysis was published in 1988; ergo, the film production prop department used the wrong edition.

The Pursuit Of Happyness


Oh yeah, and just for the record, the movie IS cheesy:)


Here is the real Chris Gardner (not so cheesy):
Chris Gardner - Excerpt from "The Pursuit of Happyness"

The Pursuit of Happyness Part 1

The Pursuit of Happyness Part 2