Security Analysis, Seventh Edition: Principles and Techniques

Cover
Title Page
Copyright Page
Dedication
Contents
Foreword
Preface to the Seventh Edition | The Timeless Wisdom of Graham and Dodd
	Preface to the Second Edition
	Preface to the First Edition
Introduction to the Seventh Edition | Benjamin Graham and Security Analysis: The Historical Backdrop
	Introduction to the Second Edition
PART I Survey and Approach
	Introduction to Part I | Benjamin Graham—in His Time and Ours
	1. The Scope and Limitations of Security Analysis. The Concept of Intrinsic Value
	2. Fundamental Elements in the Problem of Analysis. Quantitative and Qualitative Factors
	3. Sources of Information
	4. Distinctions Between Investment and Speculation
	5. Classification of Securities
PART II Fixed-Value Investments
	Introduction to Part II | Unshackling Bonds
	6. The Selection of Fixed-Value Investments
	7. The Selection of Fixed-Value Investments: Second and Third Principles
	8. Specific Standards for Bond Investment
	9. Specific Standards for Bond Investment (Continued) available online
	10. Specific Standards for Bond Investment (Continued)
	11. Specific Standards for Bond Investment (Continued) available online
	12. Special Factors in the Analysis of Railroad and Public-Utility Bonds available online
	13. Other Special Factors in Bond Analysis available online
	14. The Theory of Preferred Stocks available online
	15. Technique of Selecting Preferred Stocks for Investment available online
	16. Income Bonds and Guaranteed Securities available online
	17. Guaranteed Securities (Continued)
	18. Protective Covenants and Remedies of Senior Security Holders
	19. Protective Covenants (Continued)
	20. Preferred-Stock Protective Provisions. Maintenance of Junior Capital available online
	21. Supervision of Investment Holdings
PART III Senior Securities with Speculative Features
	Introduction to Part III | Investing in Distressed Credit
	22. Privileged Issues
	23. Technical Characteristics of Privileged Senior Securities
	24. Technical Aspects of Convertible Issues
	25. Senior Securities with Warrants. Participating Issues. Switching and Hedging available online
	26. Senior Securities of Questionable Safety
PART IV Theory of Common-Stock Investment. The Dividend Factor
	Introduction to Part IV | Finding Value in Common Stocks
	27. The Theory of Common-Stock Investment
	28. Newer Canons of Common-Stock Investment
	29. The Dividend Factor in Common-Stock Analysis
	30. Stock Dividends available online
PART V Analysis of the Income Account. The Earnings Factor in Common-stock Valuation
	Introduction to Part V | The Evolution of a Value Investor
	Introduction to Part V | Investing with Owner-Operators
	31. Analysis of the Income Account
	32. Extraordinary Losses and Other Special Items in the Income Account
	33. Misleading Artifices in the Income Account. Earnings of Subsidiaries
	34. The Relation of Depreciation and Similar Charges to Earning Power
	35. Public-Utility Depreciation Policies available online
	37. Significance of the Earnings Record
	38. Specific Reasons for Questioning or Rejecting the Past Record
	39. Price-Earnings Ratios for Common Stocks. Adjustments for Changes in Capitalization
	40. Capitalization Structure
	41. Low-Priced Common Stocks. Analysis of the Source of Income
PART VI Balance-Sheet Analysis. Implications of Asset Values
	Introduction to Part VI | The Evolving Utility of Balance Sheet Analysis
	42. Balance-Sheet Analysis. Significance of Book Value
	43. Significance of the Current-Asset Value
	44. Implications of Liquidating Value. Stockholder-Management Relationships
	45. Balance-Sheet Analysis (Concluded)
PART VII Additional Aspects of Security Analysis. Discrepancies Between Price and Value
	Introduction to Part VII | The Market Is Still Not Efficient
	46. Stock-Option Warrants available online
	47. Cost of Financing and Management
	48. Some Aspects of Corporate Pyramiding
	49. Comparative Analysis of Companies in the Same Field
	50. Discrepancies Between Price and Value
	51. Discrepancies Between Price and Value (Continued)
	52. Market Analysis and Security Analysis
PART VIII Contemporary Concepts in Value Investing
	International Investing
	At the Intersection of Public and Private Investing: A Case Study
	Endowment Management Principles and Practice
Appendix available online
About This Edition
Acknowledgments
About the Contributors
About the Authors
Index