xi, [1], 725 pp. (8vo) 22.7x14.5 cm (9x5¾"), original maroon cloth, spine lettered in gilt on black background. First Edition, second printing or issue.

Rare first edition of one of the most influential books on investing ever published. Continuously in-print since 1934. Benjamin Graham (1894–1976) was an American economist and professional investor. Graham is considered the first proponent of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd (1895-1988) through various editions of their famous book Security Analysis. This is the second issue, or printing - the first printing was published by Whittlesey House, the trade division of McGraw-Hill, for distribution in the United States, with "McGraw-Hill Book Company, Inc." beneath the Whittlesey House imprint, and bound in black cloth. This second issue was published by McGraw-Hill the same year for sale abroad - it states "First Edition" on the title-page, but not on the copyright page as the first printing did; there is no indication of being a later impression listed on the copyright page, though the copyright page is typographically different that the first printing.