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PRAISEFORTHESIXTHEDITIONOFSECURITYANALYSIS“ThesixtheditionoftheiconicSecurityAnalysisdisprovestheadage‘’tisbesttoleavewellenoughalone.’Anextraordinaryteamofcommentators,ledbySethKlarmanandJamesGrant,bridgethegapbetweenthesim-plerfinancialworldofthe1930sandthemorecomplexinvestmentarenaofthenewmillennium.Readersbenefitfromtheexperienceandwisdomofsomeofthefinancialworld’sfinestpractitionersandbestinformedmarketobservers.TheneweditionofSecurityAnalysisbelongsinthelibraryofeveryseriousstudentoffinance.”DavidF.SwensenChiefInvestmentOfficerYaleUniversityauthorofPioneeringPortfolioManagementandUnconventionalSuccess“Thebestofthepastmadecurrentbythebestofthepresent.TigerWoodsupdatesBenHogan.Ithastobegoodforyourgame.”JackMeyerManagingPartnerandCEOConvexityCapital“SecurityAnalysis,a1940classicupdatedbysomeofthegreatestfinancialmindsofourgeneration,ismoreessentialthaneverasalearningtoolandreferencebookfordisciplinedinvestorstoday.”JamieDimonChairmanandCEOJPMorganChase“WhileCoca-Colafounditcouldn’timproveonatime-testedclassic,SethKlarman,JimGrant,BruceGreenwald,etal.,provethatagreatbookcanbemadeevenbetter.SethKlarman’sprefaceshouldberequiredreadingforallinvestors,andcollectively,thecontributingeditors’updatesmakeforaclassicintheirownright.Theenduringlessonisthatanunderstand-ingofhumanbehaviorisacriticalpartoftheprocessofsecurityanalysis.”BrianC.RogersChairmanT.RowePriceGroup“Aclassichasnowbeenupdatedbysomeofthegreatestandmostthoughtfulinvestorsofourtime.Thebookwasamustreadandhasnowbeenelevatedtoanewlevel.”DanielS.OchSeniorManagingMemberOch-ZiffCapitalManagementGroup“ReaderswillfindtheupdatedversionofGrahamandDodd’sSecurityAnalysistobemuchimprovedfromearliereditions.Whilethetimelessadvicefromtwoofthegreatestvalueinvestorscontinuestoresonate,theessaysthatarecontributedbysomeoftheworld’stopvalueinvestorsaddimmeasurablytotheread.Theseinvestorspracticewhattheypreachintheiressaysandcombinetomakethiseditionthebestever!Ihighlyr