Economic History, Banks & Banking, Finance, Introduction, Stocks, Security & Encryption, Economics, Banking, Investments & Securities, Computer Science 

For fifty years, security analysis of Graham and Dodd has been the investment bible and has sold more than 750,000 copies. Now the fifth edition of this classic updates the application of the Graham and Dodd valuation approach for today’s greatly changed investment environment.
This edition brings Graham and Dodd approach up to date with the changes that have occurred since the last edition was published over 25 years ago – changes in investment practices and regulation, several new tax laws, the explosion of new accounting and financial reporting rules, persistence inflation in capital markets, new investment instruments, and more.
Maintaining the high standards of prior editions, Security Analysis puts at your fingertips the authoritative guidance and analyzing security that generations of users have come to rely on. Here in clear, easy to use explanation you will find the tools of financial statement analysis – from the investor’s view point and with an investor’s notion of income and capital maintenance – that have enable value investors to keep the edge in a highly competitive market.
The book provides the principle and techniques to measure asset values and cash flow so that you can sharpen your judgments of comp-any earnings, refreshes your insight into what individual companies are worth, and evaluate how much debt a leverage company can service. You will find practical guidance to make better investment decisions whether you are a security analyst, portfolio manager, broker/dealer, investment banker, credit officer, or a serious individual investor.
Heavily illustrated with examples taken from real companies, Security Analysis, Fifth Edition, is an investment book ;like no other for investors who aspire to the highest investment accomplishments.
 

Since its publication,Security Analysis by Graham and Dodd has been the investment bible and has sold more than 750,000 copies. Now the fifth edition of this classic updates the application of the Graham and Dodd valuation approach for today's greatly changed investment environment.
This edition brings the Graham and Dodd approach up to date with the changes that have occurred since the last edition was published--changes in investment practices and regulation, several new tax laws, the explosion of new accounting and financial reporting rules, persistent inflation in capital markets, new investment instruments, and more. Maintaining the high standards of prior editions, Security Analysis puts at your fingertips the authoritative guidance on analyzing securities that generations of users have come to rely on. Here in clear, easy-to-use explanations you'll find the tools of financial statement analysis--from the investor's viewpoint and with an investor's notion of income and capital maintenance--that have enabled value investors to keep the edge in a highly competitive market.
The book provides the principles and techniques to measure asset values and cash flows so that you can sharpen your judgments of company earnings, refresh your insight into what individual companies are worth, and evaluate how much debt a leveraged company can service. You'll find practical guidance to make better investment decisions whether you're a security analyst, portfolio manager, broker/dealer, investment banker, credit officer, or a serious individual investor.
Heavily illustrated with examples taken from real companies, Security Analysis, Fifth Edition, is an investment book like no other for investors who aspire to the highest investment accomplishments  

Table of Contents

Part 1 Financial Analysis and Approach
1. Financial Analysis, Investment Decision Making, and Security Analysis......p. 3
2. Securities and Security Markets...........................................................p. 11
3. Scope and Limitations of Security Analysis............................................P. 29
4. Intrinsic Value...........................................................................p. 41
5. Economic Analysis......................................................................p. 51
6. Capital Market Analysis...............................................................p. 69
7. Stock Market Sector Analysis.......................................................p. 87
8. Nature and Sources of the Analyst's Information............................p. 95
9. Qualitative and Quantitative Factors in Security Analysis and
the Margin of Safety Concept....................................................p. 113

Part 2 Analysis of Financial Statements
10. Overview of Financial Statement Analysis......................................p. 133
11. Analysis of the Income Statement................................................p. 149
12. Effect of Reserves, Contingencies, and Valuation Accounts on the
Income Statement...................................................................p. 167
13. Inventory Valuation and Cost of Goods Sold..................................p. 195
14. Effect of Depreciation and Amortization on Taxes and Income..........p. 211
15. Analysis of the Funds Flow Statement...........................................p. 237
16. Results of Subsidiaries, Affiliates, and Foreign Operations................p. 263
17. Effects of Income Taxes..............................................................p. 275
18. Balance Sheet Analysis...............................................................p. 293
19. Asset Values in Balance Sheet Analysis.........................................p. 315
20. Ratio Analysis ............................................................................p. 333
21. Key Ratios in Company Comparisons.............................................p. 365
22. Ratios in Industry Analysis...........................................................p. 383

Part 3 Analysis of Fixed-Income Securities
23. The Bond Investing Environment................................................p. 403
24. Selection of Fixed-Income Securities...........................................p. 439
25. Specific Standards for Bond Investment.......................................p. 453
26. Selection of Preferred Stocks......................................................p. 469

Part 4 Valuation of Common Stocks and Contingent Claims
27. Common-Stock Investment in the Late 1980s: The Security
Analyst's Assignmen...............................................................p. 483
28. The Pros and Cons of the Valuation Approach.................................p. 497
29. Significance of the Earnings Record...............................................p. 511
30. Projections of Earnings and Dividends: The Concept
of Earning Power......................................................................p. 533
31. The Dividend Factor in Common-Stock Valuation.............................p. 557
32. Capitalization Rate for Earnings and Dividends................................p. 569
33. Capital Structure.........................................................................p. 583
34. The Asset Value Factor in Common-Stock Valuation.........................p. 595
35. Contingent Claims: Convertibles, Warrants, and Options...................p. 611

Part 5 Impact of Security Analysis
36. Corporate Governance.................................................................p. 625