Modern Security Analysis: Understanding Wall Street Fundamentals.

WHITMAN, Martin J. and Fernando Diz.

$1,250.00

Item Number: 144591

New York: John Wiley & Sons, 2013.

First edition of this modern classic. Octavo, original boards. Presentation copy, inscribed by the author on the front free endpaper, “To John: Nice to communicate with you after all those years. Martin J. Whitman.” Fine in a fine dust jacket. Jacket design by Paul McCarthy. Uncommon signed and inscribed.

“Modern Security Analysis is full of useful discussions of such standard topics as creditworthiness, market efficiency, diversification, and financial accounting. But it also includes descriptions of more controversial ideas about the overriding importance of tangible net asset value, the shortcomings of the Graham–Dodd approach to value investing, and the irrelevance of both modern capital theory and broker/dealer research" (CFA Institute Book Review).