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Buffett's Recommended Books

Security Analysis

By Benjamin Graham and David Dodd (1934)

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Why Buffett Recommends This Book

I read the 1934 edition when I was nineteen and it gave me an investing road map that I am still using today. Graham and Dodd taught me that price is what you pay, value is what you get.

Key Takeaway

Rigorous fundamental analysis is the foundation of value investing. Focus on the business behind the stock, not the stock price movements.