Security Analysis, Part Ii Fixed Value Investments by Benjamin Graham
A rigorous, practical guide to analyzing fixed-income securities—bonds, preferred stocks and related instruments—that emphasizes safety of principal, income yield and the application of a margin-of-safety approach to credit quality, maturity, call provisions and market value. It explains how to read indentures, assess issuer strength and covenant protections, account for tax and legal considerations, and weigh trade-offs between yield, liquidity and risk, using numerical examples and case studies to distinguish conservative investments from speculative issues. The work advocates conservative valuation techniques and systematic tests to estimate downside exposure and expected returns under different scenarios.
- Published
- 1934
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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- Alternate Titles
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