Excerpt from Stock and Bond Valuation of Public Utilities in California As this process gives the value of all the holdings of the company, including nonoperati

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced

Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the compa

"A road map for investing that I have now been following for 57 years." --From the Foreword by Warren E. Buffett First published in 1934, Security Analysis is o