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Security Analysis - Vinod

Notes to Ben Graham s Security Analysis 2nd and 3rd Editions Vinod Palikala August, 2009 As Graham notes in the preface, the book is concerned chiefly with concepts, methods, standards, principles, and, above all, with logical reasoning . To get the most out of this book, it is essential to see past the many seemingly rigid guidelines to understand Graham s reasoning. This is my attempt to summarize the main message Ben Graham is trying to convey. In the book, it is difficult to relate the specific topic being discussed with the broader context.

Notes to Security Analysis by Vinod Palikala 4 Part I: Survey and Approach Chapter 1: Introduction Objectives of security analysis 1. To present important facts regarding a stock or bond in a manner most informing and

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