I would recommend reading Intelligent Investor first. It was written slightly more recently (1949) than Security Analysis (1934). More important is that a recently revised edition* of Intelligent Investor was published. The preface and appendix were written by Warren Buffett.
What should I read before the Intelligent Investor?
The 11 best books for beginning investors
- The Intelligent Investor: The Definitive Book on Value Investing. …
- The Essays of Warren Buffett: Lessons for Corporate America. …
- Value Investing: From Graham to Buffett and Beyond.
Is security analysis good for beginners?
(Security Analysis is considered the “Bible of value investing,” but it can be a little dense for a beginning investor.) … Still, if you want to learn how to think as a value investor, then there is immeasurable value in reading the original text of one of the truly great minds in market history.
Is security analysis easy to read?
Security Analysis however is difficult to read and you have to have investing knowledge to begin with. You should read The Intelligent Investor. It’s simple and easy to understand. Security Analysis requires some knowledge of finance.
Is Intelligent Investor still worth reading?
The Intelligent Investor is a great book for beginners, especially since it’s been continually updated and revised since its original publication in 1949. It’s considered a must-have for new investors who are trying to figure out the basics of how the market works. The book is written with long-term investors in mind.
Can beginners read intelligent investors?
Benjamin Graham’s “The Intelligent Investor” (view on Amazon) employs a no-nonsense take on important investing principles like value investing, loss minimization, and how to avoid emotional investing decisions—making it a must-read for any beginner.
How do you read a Security Analysis?
Security analysis is the analysis of tradeable financial instruments called securities. It deals with finding the proper value of individual securities (i.e., stocks and bonds). These are usually classified into debt securities, equities, or some hybrid of the two. Tradeable credit derivatives are also securities.
Which is better Security Analysis or intelligent investor?
Intelligent Investor is more practical as an introduction for a novice. You may decide not to read Security Analysis at all, as it seems more like an academic text or professional’s guide i.e. for accounting. Benjamin Graham’s Intelligent Investor remains relevant.
What is the difference between the Intelligent Investor and Security Analysis?
Intelligent Investor speaks more to asset allocatio while Security Analysis speaks more to individual stock selection.
Which version of Security Analysis should I read?
Recommendations. The 2nd edition is the last version with no involvement from anyone other than the original authors (Graham assisted by Dodd), and is also recommended by Buffett. The 3rd edition is a good alternative for readers who prefer the latest version by the original authors that’s currently in print.