62 TIP: Security Analysis

In this episode, the Investors talk about Warren Buffett's favorite book of all time, Security Analysis. Preston and Stig wanted to understand the importance behind this classic investing text so they wrote their own summary guide to help other investors. This episode discusses their experience of summarizing this really large and important book.
In the foreword of Security Analysis Warren Buffett says that it’s one of the books that have changed his life. It’s packed with high level investing information that is as relevant today as ever. Preston and Stig couldn’t agree more. Actually they found the book so interesting that they decided to write their own 220 page summary of the book, and make it accessible for the investing community. Below is an example from the first chapter of Preston and Stig’s summary guide.
IN THIS EPISODE, YOU’LL LEARN:
Why Security Analysis is one of Warren Buffett’s three favorite books
Real case studies where Warren Buffett has directly applied skills acquired from Security Analysis
The highlights for each of the 7 major parts in Security Analysis
The difference in opinion between Benjamin Graham and Warren Buffett when it comes to dividends
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• Intrinsic Value Assess...
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• Asset Allocation Course
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DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

[@caucasianafrican1435]

Good stuff, gentlemen. Thanks for this Podcast.

[@turbanless]

5.4 k views but only 50 plus likes...wtf?? You guys deserve much more!

[@leonardopurba.s]

turbanless people love being entertained rather than educated.
Can't be helped.

[@bradleyhope3652]

Where can we look at the Summary Guide for Security Analysis and decide if it’s something worth purchasing? Thanks

[@ritzkola2302]

what’s the best edition of this book? 1st 2nd 6th which?

[@donpeters9534]

You have to read the 4th 1962 Edition. It is the only edition that is valid in this modern market! Not the 2nd Edition (6th. Edition)!
The 6th Edition is actually the 1940 2nd. Edition with chapters removed. It is not the 1934 First Edition. However, if you read the preface of the 1951 3rd. Edition, Dodd says that they removed a lot of obsolete information that had been made obsolete by WWII and the establishment of the SEC, which made much of the information about corporate abuses prior to 1940 completely obsolete, and completely new material on Stockholder-Management relations. The reforms enacted by the SEC were ""sweeping and efficatious". If you want to read the best Edition of Security Analysis, you should read the 4th. 1962 Edition. The 5th Edition was completely rewritten, so has virtually nothing left of the original Dodd text. The 1934 First Edition, 1940 Second Edition, and 1951 Third Edition are all available in reprint. The 6th Edition is a rip-off with partial reproduction of the 1940 Second Edition. The Good content of the 6th Edition is the Updated Commentary by Klarman, Grant, Lowenstein, Marks, Merkin, Berkowitz, Greenburg, Greenwald, Abrahams and Russo. The best Edition is by far the Fourth 1962 Edition, that has not yet been reproduced. This was the Text Book of the Association of Security Analysts. You have to read the Updates.
Also, different editions are written at different stages of the business cycle, equity booms and crashes, bond booms and crashes due to different interest rate levels, and so on, so each edition yields its own wisdom for the particular events that happened in the intervening period between each.

[@wahyuramadhan195]

Thanks

[@gdsouza2379]

You guys are phenomenal.. Thanks a lot for this podcast.

[@mygoalcrash8077]

Best channel on TH-cam!! A lot of good ideas !!! Thanks!!!!

[@dckausik]

Thanks a lot to u guys. Can u guide me how a non English speaking person like me can read this book, while English speaking person like u felt it challenging.

[@Papa1P3RCY]

Wow that’s Awesome💫

[@nattaphonj956]

Gold would be an interesting to buy now.