New Releases by Benjamin Graham

The Republic of the Marshall Islands is a relatively new nation, with half of its population under the age of 18 years. This study tells the story of how the Government of the Marshall Islands, with assistance from the Asian Development Bank, set out to strengthen domestic capacity to improve services for the youth. The case highlights the importance of participatory processes and describes how an innovative approach to outsourcing youth welfare services to civil service providers was introduced. It also underscores some of the challenges of sustaining reforms with weak institutions and leadership.

First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing,” have withstood the test of time across a wide diversity of market conditions, countries, and asset classes. This new sixth edition, based on the classic 1940 version, is enhanced with 200 additional pages of commentary from some of today’s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today’s vastly different markets. The contributor list includes: Seth A. Klarman, president of The Baupost Group, L.L.C. and author of Margin of Safety James Grant, founder of Grant''s Interest Rate Observer, general partner of Nippon Partners Jeffrey M. Laderman, twenty-five year veteran of BusinessWeek Roger Lowenstein, author of Buffett: The Making of an American Capitalist and When America Aged and Outside Director, Sequoia Fund Howard S. Marks, CFA, Chairman and Co-Founder, Oaktree Capital Management L.P. J. Ezra Merkin, Managing Partner, Gabriel Capital Group . Bruce Berkowitz, Founder, Fairholme Capital Management. Glenn H. Greenberg, Co-Founder and Managing Director, Chieftain Capital Management Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School David Abrams, Managing Member, Abrams Capital Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork “at least four times”), this new edition of Security Analysis will reacquaint you with the foundations of value investing—more relevant than ever in the tumultuous 21st century markets.

"A road map for investing that I have now been following for 57 years." --From the Foreword by Warren E. Buffett First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing,” have withstood the test of time across a wide diversity of market conditions, countries, and asset classes. This new sixth edition, based on the classic 1940 version, is enhanced with 200 additional pages of commentary from some of today’s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today’s vastly different markets. The contributor list includes: Seth A. Klarman, president of The Baupost Group, L.L.C. and author of Margin of Safety James Grant, founder of Grant''s Interest Rate Observer, general partner of Nippon Partners Jeffrey M. Laderman, twenty-five year veteran of BusinessWeek Roger Lowenstein, author of Buffett: The Making of an American Capitalist and When America Aged and Outside Director, Sequoia Fund Howard S. Marks, CFA, Chairman and Co-Founder, Oaktree Capital Management L.P. J. Ezra Merkin, Managing Partner, Gabriel Capital Group . Bruce Berkowitz, Founder, Fairholme Capital Management. Glenn H. Greenberg, Co-Founder and Managing Director, Chieftain Capital Management Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School David Abrams, Managing Member, Abrams Capital Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork “at least four times”), this new edition of Security Analysis will reacquaint you with the foundations of value investing—more relevant than ever in the tumultuous 21st century markets.

"Graham''s ideas inspired the investment community for nearly a century."--Smart Money "Graham''s method of investing is as relevant today as it was when he first espoused it during the Roaring Twenties."--Investor''s Business Daily Benjamin Graham''s revolutionary theories have influenced and inspired investors for nearly 70 years. First published in 1934, his Security Analysis is still considered to be the value investing bible for investors of every ilk. Yet, it is the second edition of that book, published in 1940 and long since out of print, that many experts--including Graham protégé Warren Buffet--consider to be the definitive edition. This facsimile reproduction of that seminal work makes available to investors, once again, the original thinking of "this century''s (and perhaps history''s) most important thinker on applied portfolio investment."

由The McGraw-Hill Companies,Inc.授权出版

Even today, 20 years after his death, Benjamin Graham reigns as one of the greatest investment thinkers of the 20th century. Now readers can rediscover Graham''s visionary 1944 treatise on achieving growth and stability in postwar economy through a global plan for allocating raw materials. This newly republished classic is an essential addition to any investor''s collection.

Benjamin Graham reigns as one of the greatest investment thinkers of the 20th century. Author of the bestseller Security Analysis, he has influenced many Wall Street legends including Warren Buffett, Mario D, John Neff and John Bogle. Now, readers can discover Storage and Stability, his 1937 study on supply and demand, production and consumption, and their impact on value investing.

When Benjamin Graham died at age 82, he was one of the great legends of Wall Street: brilliant, successful, ethical--the man who invented the discipline of security analysis. Now, 20 years after his death, his memoirs are reaching the public at last--a hugely successful chronicle of one of the richest and most eventful lives of the century. of photos.

Financial analysis and approach. Analysis of financial statements. Impact of security analysis.

World Commodities and World Currency presents Graham''s thoughts on the importance and growth of world commodity stabilization; its impact on world currency; the declining power of cartels; and his unique theory on stock-piling, which encouraged expansion and stability in a postwar economy.

Explains financial analysis techniques, shows how to interpret financial statements, and discusses the analysis of fixed-income securities and the valuation of stocks.

This is an independent compilation for investors and analysts. It contains unedited letters from the last 12 years of the partnership. The Graham-Newman Corporation stands as a compelling testament to the principles of value investing pioneered by Benjamin Graham, often referred to as the "father of value investing. Over its three-decade existence, spanning from 1926 to 1958, the investment partnership delivered an exceptional average annual return of 17%. This remarkable performance significantly outpaced the broader market, as represented by the Dow Jones Industrial Average (DJIA), which yielded an average annual return of just 4.7% during the same period. To illustrate the magnitude of this outperformance, consider the growth of a single dollar invested in 1926. By the time the Graham-Newman Corporation was dissolved in 1958, that initial $1 investment had grown to approximately $110.97. In stark contrast, a similar $1 investment in the DJIA over the same 30-year timeframe would have only amounted to roughly $3.96. This staggering difference reveals that an investment in Graham-Newman Corporation generated returns approximately 28 times greater than a passive investment in the Dow Jones Industrial Average. This substantial disparity underscores the effectiveness of Graham and Newman''s meticulous approach to security analysis and their focus on identifying undervalued companies. Their strategy, rooted in fundamental research and a long-term perspective, enabled them to navigate various market cycles and consistently generate superior returns for their shareholders. The historical performance of the Graham-Newman Partnership serves as a powerful example of the potential rewards of disciplined value investing and offers valuable insights for investors seeking to achieve long-term capital appreciation. This collection of shareholder letters chronicles the final twelve years of the Graham-Newman partnership. These communications show the partnership''s investment approach, performance, and expectations for the future, alongside evaluations of specific investments. Readers will find discussions on different types of securities, such as bonds, preferred stock, and common stock, across industries like railroads, utilities, and insurance.

Accounts of farmer and carpenter in Windsor, Conn.