“They laid out a road map for investing that I have now been following for 57 years. There’s been no reason to look for another.” —Warren Buffett, on the writings of Benjamin Graham Legendary investing author and philosopher Benjamin Graham lived through interesting times. Soon after his graduation from Columbia College, the nation entered the First World War. As the stock market fluctuated in wild dips and peaks, the government seized control of the railroad industry, inflation and interest rates rose dramatically, and economic depression loomed on the horizon. During these events—and perhaps inspired by them—Graham began writing articles for The Magazine of Wall Street, putting to paper his earliest ideas on value investing and security analysis. For the first time, these important works have been anthologized into a single volume. Benjamin Graham on Investing is a treasure trove of rare and out-of-print articles that document the early flashes of genius from a man whose ideas and theories would revolutionize investment philosophy and inspire the careers of such luminaries as Warren Buffett, Seth Klarman, Charlie Munger, and countless other top-tier investors. The early works of Benjamin Graham have never been as relevant as they are today. The world’s markets are undergoing changeon a scale not unlike that of Graham’s era. David Darst, one of the world’s most respected experts on asset allocation, provides insightful analyses connecting Graham’s articles to events today. ,i>Benjamin Graham on Investing is a timeless classic that continues to have relevance more than 30 years after the author’s death.

“他们制定了一个投资路线图，我已经遵循了57年。没有理由再去寻找另一个。”—沃伦·巴菲特，在本杰明·格雷厄姆的著作中，传奇投资作家和哲学家本杰明·格雷厄姆经历了一个有趣的时代。他从哥伦比亚大学毕业后不久，这个国家就参加了第一次世界大战。随着股市在暴跌和暴涨中波动，政府控制了铁路行业，通货膨胀和利率急剧上升，经济萧条隐约出现。在这些事件中，也许是受到了这些事件的启发，格雷厄姆开始为《华尔街》杂志撰写文章，阐述他最早的价值投资和证券分析思想。这些重要的作品第一次被编成一卷。本杰明·格雷厄姆的《投资论》是一本珍藏的绝版文章，记录了一个人早期的天才闪光，他的思想和理论将彻底改变投资哲学，并启发沃伦·巴菲特、塞思·克拉曼、查理·芒格和无数其他顶级投资者等名人的职业生涯。本杰明·格雷厄姆的早期作品从未像今天这样有意义。世界市场正经历着与格雷厄姆时代规模相当的变化。大卫·达斯特是世界上最受尊敬的资产配置专家之一，他提供了将格雷厄姆的文章与当今事件联系起来的深刻分析，i> 本杰明格雷厄姆的投资是一个永恒的经典，继续具有相关性超过30年后，作者的死亡。