Early in this career, Benjamin Graham's wrote a number of articles appearing in the Magazine of Wall Street. This is the first time they have been published in book form.
A brief overview of money's historical relationship to the commodities of gold and silver, including the author's prophetic view of a new stage in monetary technique wherein monetary status and pure commodity value may be reciprocally beneficial and ultimately advantageous to the economy at large.
The Definitive Book on Value Investing
Celebrating its 75th anniversary, this edition offers a fresh perspective on a beloved classic. It features enhanced illustrations and a new introduction that delves into the book's historical significance and its impact on literature. Readers can expect to explore timeless themes and characters that have resonated through generations, making it a perfect addition for both longtime fans and new readers alike. This special edition commemorates the enduring legacy of the work while inviting a new audience to experience its charm.
Focusing on the evolution of value investing, this reprint features lectures by Benjamin Graham, a pioneering economist and investor. Originally delivered at Columbia Business School, these lectures serve as an update to the 1940 revision of his foundational work, Security Analysis. The text reflects Graham's insights and methodologies in investment strategy, further refining the principles he developed with David Dodd. This comprehensive volume captures the essence of Graham's teachings and their relevance in the field of finance.
Through a global lens, the author analyzes economic systems aimed at mitigating price instability in a postwar context. Emphasizing the importance of commodity reserves, he presents a straightforward method for achieving foreign-exchange stability, price stability, and protective stockpiles, ultimately advocating for balanced global output and consumption. The book's insights resonate today, particularly in light of recent financial crises and the formation of unified currency systems in Europe, making Graham's warnings about floating currencies and his proposed solutions increasingly relevant.
The book presents a global analysis of economic systems aimed at reducing price instability in a postwar economy. Graham emphasizes the crucial role of commodity reserves in economic policy and argues that stabilizing commodities can facilitate foreign-exchange stability, reasonable price stability, protective stockpiles, and a balanced growth in the production and consumption of goods. His insights reflect a forward-thinking approach to achieving economic stability and sustainability on a global scale.
"The volume is Benjamin Graham's timeless guide to interpreting and understanding financial statements. It has long been out of print, but now joins Graham's other masterpieces, The Intelligent Investor and Security Analysis, as the three keys to understanding Graham and value investing." "Readers will learn to analyze a company's balance sheets and income statements and arrive at a true understanding of its financial position and earnings record. Graham provides simple tests any reader can apply to determine the financial health and well-being of any company." "This volume is an exact text replica of the first edition of The Interpretation of Financial Statements, published by Harper & Brothers in 1937. Graham's original language has been restored, and readers can be assured that every idea and technique presented here appears exactly as Graham intended."--Jacket
Presents David Dodd and Benjamin Graham's original 1934 guide to value investing, with strategies and advice that are still relevant in the twenty-first century, with additional commentary from contemporary investment professionals
A lo largo de los años, la evolución del mercado ha comprobado lo sabias que han sido las estrategias enseñadas por Graham. A la vez que conserva la integridad del texto original, esta edición revisada incluye comentarios actualizados del famoso periodista financiero Jason Zweig, cuya perspectiva incorpora las realidades del mercado presente, traza paralelismos entre los ejemplos de Graham y los titulares financieros actuales, y brinda a los lectores una comprensión más plena de cómo hacer para aplicar dichos principios. Fundamental e indispensable, El inversor inteligente es el libro más importante que usted leerá jamás sobre cómo alcanzar sus objetivos en lo financiero.
