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Security Analysis: The Classic 1951 Edition
by Benjamin Graham
from McGraw-Hill
Customer Reviews:
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Avg. Customer Rating: 4.0 / 5.0 
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Very bad copy quality 
While the fly on this text touts the fact that this edition is photocopied from the original text, the process did not work. The text copy is fuzzy and blurred making it hard to read. This process was not disclosed in the Amazon summaries available for purchase decision which I find troubling. I would not recommend this text.
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A Must Read 
This is the a must read for any investors. It is, however, quite difficult for beginners to comprehend, though. At least I didn't understand it quite well until after I took Corporate Finance, Accounting, etc... and studied for my CFA exam.
I'd recommend beginners read Graham's "The Intelligent Investor", which help create a concrete basis of your investment philosophy.
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Where are the Cliff Notes?! 
I had to put this book down after skipping pages, sections, chapters, etc due to the academic writing style (way too wordy) and the vague examples/formulas. Like another reviewer I'd suggest that someone take all of the information in this book and boil it down to something easily readable with concrete examples. I've read tons of investing and educational texts and was bored to tears with this one but gave it 3 stars as I think there are some good nuggets buried in it. My most recent investing book was... more info
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A brief comment
This book is rightly considered the true bible of stock analysis, and is famous also for being how Warren Buffet approaches investing, as Graham was Buffet's own teacher.
The book has extensive chapters dealing with every topic useful to the subject of stocks, from reading financial statements (one of the things that almost all amateurs could probably be better at, including myself), to assessing the company's true value, breakup value, etc. As one writer here already said, this is no easy path to... more info
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