# Security Analysis by Benjamin Graham and David Dodd

3 Hacker News commenters recommended Security Analysis by Benjamin Graham and David Dodd and 1 criticized it, November 2025 to November 2026. It was recommended in 1 of 13 months.

**Verdict:** Recommended for teaching a framework for reasoning about companies and changing how readers think about investing. Critics say some of its methods are arcane.

## Why people recommend it

- Teaches a framework for reasoning about companies (1 comments): "Any of these books are a good antidote to that because they teach a framework to reason about companies." ([source](https://news.ycombinator.com/item?id=45876248))
- Rewired readers' thinking (1 comments): "These books rewired my thinking" ([source](https://news.ycombinator.com/item?id=45953804))
- Read slowly for curiosity alongside index funds (1 comments): "I myself put almost all my savings in index funds and slowly read/study these just for curiosity" ([source](https://news.ycombinator.com/item?id=45876297))

## What people warn about

- Some methods described as arcane (1 comments): "Most of these methods are arcane." ([source](https://news.ycombinator.com/item?id=45868687))
- Elaborate techniques no longer endorsed (1 comments): "I am no longer an advocate of elaborate techniques of security analysis" ([source](https://news.ycombinator.com/item?id=45868610))

## Alternatives hackers recommend

- [Reminiscences of a Stock Operator by Edwin Lefèvre](https://hackerapproved.com/p/reminiscences-of-a-stock-operator.md): 7 recommend
- [The Intelligent Investor by Benjamin Graham](https://hackerapproved.com/p/intelligent-investor.md): 4 recommend
- [A Random Walk Down Wall Street by Burton Malkiel](https://hackerapproved.com/p/a-random-walk-down-wall-street.md): 3 recommend
- [The Little Book of Common Sense Investing by John Bogle](https://hackerapproved.com/p/little-book-of-common-sense-investing.md): 2 recommend

## Where to get it

- [See price on Amazon](https://www.amazon.com/dp/0071592539?tag=hackerapprove-20) (affiliate link)
- [Bookshop.org](https://bookshop.org/a/130825/9780071592536) (affiliate link)

## Cite as

Hacker Approved, "Security Analysis by Benjamin Graham and David Dodd", https://hackerapproved.com/p/security-analysis/ (counts from 1,795,640 Hacker News comments, November 2025 to November 2026).