Security Analysis - Chapter 2

Security Analysis by Benjamin Graham and David Dodd was first published in 1934. It is a fundamental book for serious students of value investing.

Security Analysis - Chapter 1

Security Analysis by Benjamin Graham and David Dodd was first published in 1934. It is a fundamental book for serious students of value investing. 

Security Analysis - Introduction

Security Analysis by Benjamin Graham and David Dodd was first published in 1934. It is a fundamental book for serious students of value investing. Here is the abstract from the book's Introduction.

Representation crisis

As I wrap up the current earning season, I find that my confidence in reported numbers doesn't increase. Inaccurate representation about current business operations and future prospects keep showing up in corporate earnings reports.

The Four-Legged Stool

"Is the company shareholder friendly? Does it pay a high dividend? Does it buy a lot of its shares?" I had been hearing such statements because some investors and others think returning cash is the most important tenet to judge a company and/or to make an investment. I am skeptical here.