SECURITY ANALYSIS Graham and Dodd 1934 1st ed/1st print

SECURITY ANALYSIS
Principles and Technique

Stated 1934 First Edition

Published by McGraw-Hill Book Company, Inc.
New York and London
725 pages

Exceedingly rare first edition/first printing of the book that is the foundation of value investing today. Written by Benjamin Graham, Investment Fund Manager and Lecturer in Finance, and David L. Dodd, Assistant Professor of Finance, Columbia University.

This book was produced with two different cloth bindings; both are part of the first printing. One version is all black, the second has a maroon binding with a black block on the spine overprinted in gold. This copy is the maroon version. In very good condition, it has no writing anywhere in the text. The original owner's name is written neatly in pen on the inside front cover. Binding is tight, with no splits at the hinges. Cover shows light wear to corners, but no bumping. There is very light wear to the head and foot of the backstrip. There are some "splotches" to the front cover and one corner of the back cover that have a different sheen than the rest of the cover. There is a bit of unevenness to the spine. The gilt imprint on the backstrip is sharp, bright, and shows no signs of wear. The book displays beautifully.

The importance of this book is evidenced by its numerous reprints and multiple editions. But Graham and Dodd's original intent and theories are best discovered in this original version; undiluted by later contributors.

This is certainly one of the most sought-after and collected books on investing. Later printings can be found, as well as later editions, but the first printing is truly a rare item. The few copies that surface generally are handled by major rare book dealers that go quickly into the hands of private collectors.

This copy could easily be the cornerstone to any serious collection of rare books on finance and investing.

P.S. It is selling $23,000 USD in ebay~

Thanks

Paul