Ok, I must confess, reading Security Analysis is a shade difficult, I feel sleepy after reading 5 pages at a stretch.
I’ve just been reading Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions), which I’d recommend to all. It’s updated with new commentary by great current value investors such as Seth Klarman, James Grant, Bruce Greenwald and others. I had an earlier copy of the book, however, I must say, the additional commentary by these great investors really helped me understand so much more. It’s a true gem which every value investor must have.
So I got around to reading and learning the book in a different way, using Concept Visuals(a technique invented by a friend of mine, Sanjay Vyas). I made a Concept Visual about Intrinsic Value as described by them in the book…(do let me know your feedback after viewing it.)
Intrinsic Value as defined by Benjamin Graham (using a Concept Visual)