* Tradutora: Cristina Yamagami
* Colaboração de Harold T. Johnson, Birl E. Shultz, Albert P. Squier, Belmont Towbin, Eric C. Vance do New Yo Stock Exchange Institute.

Este livro é uma edição atualizada do texto clássico de Benjamin Graham, originalmente publicado em 1937. Trata-se de um guia atemporal e essencial para todas as pessoas interessadas em investimentos e que buscam
compreender e interpretar melhor as demonstrações financeiras. Graham é o mais importante pensador de investimentos do século XX e este livro atualizado está mais valioso do que nunca para o mercado de ações atual.

* Inclui também um glossário com termos utilizados nas áreas de finanças e investimentos.

“By far the best book on investing ever written.” — Warren Buffett

The greatest investment advisor of the twentieth century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of “value investing”—which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

"A road map for investing that I have now been following for 57 years."

--From the Foreword by Warren E. Buffett

First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd.

As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing,” have withstood the test of time across a wide diversity of market conditions, countries, and asset classes.

This new sixth edition, based on the classic 1940 version, is enhanced with 200 additional pages of commentary from some of today’s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today’s vastly different markets. The contributor list includes:

• Seth A. Klarman, president of The Baupost Group, L.L.C. and author of Margin of Safety
• James Grant, founder of Grant's Interest Rate Observer, general partner of Nippon Partners
• Jeffrey M. Laderman, twenty-five year veteran of BusinessWeek
• Roger Lowenstein, author of Buffett: The Making of an American Capitalist and When America Aged and Outside Director, Sequoia Fund
• Howard S. Marks, CFA, Chairman and Co-Founder, Oaktree Capital Management L.P.
• J. Ezra Merkin, Managing Partner, Gabriel Capital Group .
• Bruce Berkowitz, Founder, Fairholme Capital Management.
• Glenn H. Greenberg, Co-Founder and Managing Director, Chieftain Capital Management
• Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School
• David Abrams, Managing Member, Abrams Capital

Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork “at least four times”), this new edition of Security Analysis will reacquaint you with the foundations of value investing—more relevant than ever in the tumultuous 21st century markets.

A lo largo de los años, la evolución del mercado ha comprobado lo sabias que han sido las estrategias enseñadas por Graham. A la vez que conserva la integridad del texto original, esta edición revisada incluye comentarios actualizados del famoso periodista financiero Jason Zweig, cuya perspectiva incorpora las realidades del mercado presente, traza paralelismos entre los ejemplos de Graham y los titulares financieros actuales, y brinda a los lectores una comprensión más plena de cómo hacer para aplicar dichos principios.

Fundamental e indispensable, El inversor inteligente es el libro más importante que usted leerá jamás sobre cómo alcanzar sus objetivos en lo financiero.

"Graham's ideas inspired the investment community for nearly a century."--Smart Money

"Graham's method of investing is as relevant today as it was when he first espoused it during the Roaring Twenties."--Investor's Business Daily

Benjamin Graham's revolutionary theories have influenced and inspired investors for nearly 70 years. First published in 1934, his Security Analysis is still considered to be the value investing bible for investors of every ilk. Yet, it is the second edition of that book, published in 1940 and long since out of print, that many experts--including Graham protégé Warren Buffet--consider to be the definitive edition. This facsimile reproduction of that seminal work makes available to investors, once again, the original thinking of "this century's (and perhaps history's) most important thinker on applied portfolio investment."

Benjamin Graham is widely known as the father of Value Investing, and mentor to Warren Buffett. But Graham made another critically important contribution by advocating that securities analysts should meet minimum requirements of knowledge, and be held to high standards of ethical conduct—in short, that the profession should be treated as seriously as other fields of study, like accounting, medicine or law.

Benjamin Graham and the Birth of the Professional Financial Analyst showcases Graham’s important contribution to remaking investment analysis as a profession. This fascinating collection spanning 30 years offers us valuable perspectives on investing and financial markets—many as vital in the present day as they were in Graham’s own tumultuous mid-twentieth century—and reveals the evolution of Graham’s passionate belief in the creation of a financial profession and a science of financial analysis.

Features:

• Updates and commentary by Jason Zweig, The Wall Street Journal’s “Intelligent Investor”
• Rare articles from The Financial Analysts Journal
• Created with the cooperation of the CFA Institute

“They laid out a road map for investing that I have now been following for 57 years. There’s been no reason to look for another.”

—Warren Buffett, on the writings of Benjamin Graham

Legendary investing author and philosopher Benjamin Graham lived through interesting times. Soon after his graduation from Columbia College, the nation entered the First World War. As the stock market fluctuated in wild dips and peaks, the government seized control of the railroad industry, inflation and interest rates rose dramatically, and economic depression loomed on the horizon.

During these events—and perhaps inspired by them—Graham began writing articles for The Magazine of Wall Street, putting to paper his earliest ideas on value investing and security analysis.

For the first time, these important works have been anthologized into a single volume. Benjamin Graham on Investing is a treasure trove of rare and out-of-print articles that document the early flashes of genius from a man whose ideas and theories would revolutionize investment philosophy and inspire the careers of such luminaries as Warren Buffett, Seth Klarman, Charlie Munger, and countless other top-tier investors.

The early works of Benjamin Graham have never been as relevant as they are today. The world’s markets are undergoing changeon a scale not unlike that of Graham’s era. David Darst, one of the world’s most respected experts on asset allocation, provides insightful analyses connecting Graham’s articles to events today.

,i>Benjamin Graham on Investing is a timeless classic that continues to have relevance more than 30 years after the author’s death.