This episode explores Security Analysis by Benjamin Graham and David Dodd, a foundational work that shaped the principles of value investing. Written in the aftermath of the 1929 stock market crash, the book champions a disciplined, analytical approach to evaluating securities, contrasting sharply with market speculation. We delve into key concepts such as intrinsic value, margin of safety, and fundamental analysis, discussing their lasting relevance in financial markets today. Additionally, we examine how Graham and Dodd’s philosophy has influenced generations of investors, including Warren Buffett, and why their insights continue to guide investment strategies across decades.

Disclaimer: This episode provides an educational overview and commentary on Security Analysis by Benjamin Graham and David Dodd. All rights are reserved by the original authors and publisher. Content is shared under fair use for discussion and learning purposes.