No. of Recommendations: 5
Well I finished the first edition. The difference between it and
the fifth edition is as that between lightning and the lightning bug.
It is extremely readable and not really that dated. It does cover
preferred shares in great detail (and concludes that they have
all the bad features of both bonds and common stocks) and goes
into bonds in great detail (which is good, I need to start buying
some) but still covers a lot of useful stuff on companies and common

By the way, this first edition is not a hard book to read.
Anyone that reads at the high school level and can do algebra
can understand everything in it. G & D are quite lively writers
and the book flows well.

I recommend this book highly!

Chris - margin of safety is our watchword
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