The Intelligent Investor.

GRAHAM, Benjamin.

$50,000.00

Item Number: 127659

New York: Harper & Brothers Publishers, 1949.

First edition of Benjamin Graham’s seminal work on investing, widely regarded as one of the most influential works on value investing ever written, with the code D-Y on the copyright page. Octavo, original cloth. Near fine in a very good first-issue dust jacket with $3.50 price and “Editor of Barron’s” to the front flap. Association copy, lengthily signed by American economist Burton Malkiel on the half-title page, “Graham has been the Father of security analysis and ‘value’ investing Burt Malkiel.” Renowned economist and author Burton Malkiel was profoundly influenced by the teachings of Benjamin Graham. Graham’s principles of value investing, emphasizing fundamental analysis and a long-term perspective, shaped Malkiel’s understanding of financial markets. Malkiel adopted Graham’s philosophy of investing in undervalued assets with strong fundamentals, believing in the importance of thorough research and rational decision-making. Graham’s emphasis on the importance of diversification and risk management also resonated with Malkiel, leading him to advocate for the efficient market hypothesis in his seminal work, “A Random Walk Down Wall Street.” Malkiel’s integration of Graham’s principles with modern financial theory has had a profound impact on investment strategies, shaping the way investors approach the markets and manage their portfolios. Housed in a custom half morocco clamshell box by the Harcourt Bindery. First printings are rare. A very unique association copy.

Since it was first published in 1949, Graham's Intelligent Investor has sold millions of copies and has been praised by such luminaries as Warren E. Buffet as "the best book on investing ever written." "Benjamin Graham was a seminal figure on Wall Street and is widely acknowledged to be the father of modern security analysis Security Analysis and The Intelligent Investor are still considered the ‘bibles’ for both individual investors and Wall Street professionals" (The Buffer Stock Project).