Principles and Techniques
2023
Framework
by
Benjamin Graham and David L. Dodd
A framework to value investing that explains how to identify, analyze, and buy stocks trading below their intrinsic value. Originally written in 1934 by Benjamin Graham during the Great Depression, the book is considered by many to be the bible of value investing. This Seventh Edition includes a foreword by Warren Buffett and chapter introductions by notable investors such as Seth Klarman, Todd Combs, and Howard Marks—bringing modern relevance to Graham’s timeless principles.
November 2023
Originally published in 1934, the core content feels dated, but the 2023 edition adds value through chapter introductions by top investors. These intros offer golden nuggets on perspective and approach that are highly relevant to today’s environment. Seth Klarman's writings were my favorites. Very long read (~800 pages). Read the 2023 hardcover.