McGraw-Hill will publish Security Analysis: The 6th Edition this coming October. Several value investors are joining forces to update and refresh the 1940 version of the book, considered by Warren Buffett and many others to be the definitive version.
According to the press release issued today, Buffett has written a new foreword for the special edition, saying: "I studied from
Security Analysis while I was at Columbia in 1950-1951, when I had the
extraordinary good luck to have Ben Graham and Dave Dodd as teachers.
Together, the book and the men changed my life."
Among the value investors helping edit the upcoming edition is Seth Klarman, who says:
"This is a fabulous new edition of Security Analysis. We have retained the integrity of the original text but added new overviews, as well as commentary on each section. Experienced value investors and novices alike will have much to gain from this revised classic. While the world has changed in more ways than they could have imagined, so much of what Graham and Dodd taught is completely relevant today. Their insights still illuminate the way for modern day value investors. It is an honor and real privilege to collaborate on this edition of Security Analysis."
Another is Jim Grant:
"Ben Graham could write, and he could invest. He could
write about investing. He produced an investing book, Security Analysis that
promises to endure for as long as there are stocks and bonds. And he wrote
that book while suffering the torments of the 1929-32 bear market. He is my
hero."
Sounds like something worth checking out this fall, that's for sure.
There is to be a conference in July 2009 about the book as well. Location is still TBA -- sponsored by CFA Institute or NYSSA (or both, can't remember).
-Ben
Posted by: Ben Tanen | May 06, 2008 at 10:15 AM
Ben: Is that July 2009? Or July 2008? Either way, thanks for pointing it out.
Posted by: John | May 06, 2008 at 11:45 PM
That would be 2009. Found out about it from a CFA Institute Educational Events flyer for the year Sep-08 to Jul-09. Keep an eye on http://www.cfainstitute.org/memresources/conferences/calendar.html
-Ben
Posted by: Ben Tanen | May 08, 2008 at 09:10 AM
Ben: Thanks for the link.
Posted by: John | May 08, 2008 at 11:43 PM