This is the timeless edition of "Security Analysis" that most closely reflects today's financial environment. Graham and Dodd's "Security Analysis" is hands-down the most influential investment book in history. The classic 1951 edition is the first edition of the bestselling investment bible. "Security Analysis: The Classic 1951 Edition" features a far more contemporary focus on the wisdom and legitimacy of common stocks for individual investors.
Benjamin Graham is widely acknowledged to be the father of modern security analysis. The founder of the value school of investing and founder and former president of the Graham-Newman corporation investment fund, he taught at Columbia University's Graduate School of Business from 1928 through 1957. Graham popularized the examination of price-to-earnings (P/E) ratios, debt-to-equity ratios, divident records, book values, and earnings growth, and he also wrote the popular investors' guide The Intelligent Investor. David Dodd was a colleague of Benjamin Graham's at Columbia University, where he was an assistant professor of finance.