From the \"guru to Wall Street?s gurus\" comes a guide to one of the most profitable and enduring investment disciplines \"A must-read for all disciples of value investing. In 1934, Graham and Dodd created fundamental security analysis....

We began to write the first edition of this book in February of 1999, almost 17 years into the longest bull market in American history. It was hard then to find an experienced value investor who did not think that share prices were unrealistically expensive. At that time, Alan Greenspan\'s \"irrational exuberance\" speech was over two years old....

Individual investors in the Internet Age are blessed with information. We also are cursed with too much of the stuff, from real-time quotes to streaming videos of fund managers. This info-clutter extends to books, and cutting through it can be difficult, even dispiriting, when you see how little thought goes into so many books....