Transcription of Security Analysis - vinodp.com
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Security Analysis - vinodp.com
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. I added comments and formatted the notes to make it easier to understand the overall message. In many cases, I ended up just noting the most important points of each chapter.
Notes to Security Analysis by Vinod Palikala 3 Chapter 26: Senior Securities of Questionable Safety .....25
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