McGraw-Hill Professional to Publish 75th Anniversary Edition of Graham and Dodd's Security Analysis

Benjamin Graham and David L. Dodd's Security Analysis, first published by McGraw-Hill nearly 75 years ago, forever changed the theory and practice of successful investing. Written in the midst of the Great Depression and in the wake of the 1929 stock market crash, the book convinced the nation that stocks were still worth buying and became a bible for generations of investors, the most famous being Warren Buffett. Its timeless advice is as relevant today as when it was first published.

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To commemorate the 75th anniversary of the book and to make Graham's work even more accessible to the current generation of investors, McGraw-Hill Professional announces that it will publish SECURITY ANALYSIS: THE 6th EDITION in October 2008. McGraw-Hill has assembled today's most prominent value investors. These practitioners are joined by top value investing academics and authors. They present new commentary that will refresh and update the 1940 edition, which is considered the definitive edition by many Graham aficionados including Buffett. This edition will also include a CD-ROM of the original text.

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Seth Klarman 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."

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James Grant states: "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."

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Bruce Greenwald says: "More than a half-century after it was written, the classic second edition remains one of the best textbooks for aspiring professional investors currently available. It is a privilege to help reintroduce it to a new generation."