Jim Grant: Security Analysis 75th Anniversary Edition

October 15, 2008

Benjamin Graham and David L. Dodd’s Security Analysis, first published 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 the bible for generations of investors. Its timeless advice is as relevant today as when it was first published.

James Grant, founder and editor of Grant’s Interest Rate Observer, is one of four guest editors of the 75th anniversary edition of Security Analysis, which features a foreword by Warren Buffett. Grant has been writing about markets and financial figures for over 30 years and is the author of five books, including biographies of financier Bernard Baruch and President John Adams. He is a founding general partner of Nippon Partners, a hedge fund investing in Japan. Grant’s introduction to this edition of Security Analysis takes the reader back to Graham and Dodd’s era to put the book in historical perspective.

This talk, held at the Museum on October 15, 2008, is part of the 2008 Henry Kaufman Financial History Lecture/Symposia Series.

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