J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
|
|
|
Graham and Dodd's Security Analysis, Fifth Edition,
by Sidney Cottle, Roger Murray and Frank Block.  The
fourth, and last, edition of Security Analysis that was written
by Benjamin Graham and David Dodd was published in 1962. As the authors
of this fifth edition state, "The Graham and Dodd concept of security
analysis, with its emphasis on value, does not need a revised edition."
I agree fully. However, with changes in tax laws, accounting rules and
financial reporting standards, plus the emergence of new investment
concepts and periods of inflation that Graham and Dodd hadn't
contemplated, Cottle, Murray and Block wrote this book in 1988 to bring
Graham and Dodd's work more up to date. As valuable as this book is, I
would view it as a complement, not a substitute, for the Graham and Dodd
editions of Security Analysis (see our review). |
"After twenty-five years, the 'classic' has been updated. Big bath accounting, value investing, duration, junk bonds, shareholder's rights--it's all here. A must for serious investors." John B. Neff |