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The Equitymaster Research Digest

An Investor's Best Chance, Upcoming Recommendations, and More...
Feb 5, 2016

I have never seen a book endorsed by ten of the best experts in the field...except Ben Graham's Security Analysis, a truly special work.

The book has commentaries by finance luminaries such as Seth Klarman, Howard Marks, James Grant, and Roger Lowenstein. And to put the proverbial icing on the cake, Warren Buffett wrote the foreword.

What makes the book so special? Seth Klarman puts it best in his commentary:

  • Because our nation's founders could not foresee - and knew they could not foresee - technological, social, cultural, and economic changes that the future would bring, they wrote a flexible constitution that still guides us over two centuries later.
  • Similarly, Benjamin Graham and David Dodd, acknowledged that they could not anticipate the business, economic, technological, and competitive changes that would sweep through the investment world over the ensuing years. But they, too, wrote a flexible treatise that provides us with the tools to function in an investment landscape that was destined - and remains destined - to undergo profound and unpredictable change.
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