The Bible of Value Investing: Some Notes and Wisdom from Graham and Dodd’s “Security Analysis”

Victor Shao
6 min readMay 13, 2023

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This article highlights some key takeaways from Benjamin Graham and David Dodd’s Security Analysis.

The future is inherently uncertain, therefore we must have an adequate margin of safety. (e.g. recession, covid lockdowns, black swan events).

Four factors to look for when…

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Victor Shao

Searching for new investment ideas, particularly on value small caps.