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

by Benjamin Graham (Author), Rodney G. Klein (Author)

"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 Graham

Legendary 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 events--and perhaps inspiredby them--Graham 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 Investing is 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 Investing is a timelessclassic that continues to have relevance morethan 30 years after the author's death.

Back Jacket

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.

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 & 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.