Hi Rocky,I've not read the 3rd edn, so cannot compare it to the 4th. The 4thwas my first encounter with Security Analysis, and so everything wasnew and a great deal of it did not stick. However, I recall the 4thhad some good material on utility companies. Not enough to drive meto seek out the 4th again thru inter-library loan.If you're looking for some good reading material, for new perspectives,you might enjoy the Walter Schloss archives at Columbia. The documentsare available at http://www1.gsb.columbia.edu/valueinvesting/protected/schloss_archives_protected.htmlWoodstove
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