Neat find in a "Little Free Library", "Security Analysis" 1934 ed.

[Mark Jr.]

Was driving down Quebec St in Toronto today and passed a "Little Free Library" I hadn't seen before (more on LFL here: https://littlefreelibrary.org/) and on a hunch I pulled the car over to check it out.

 

In it I found a 1934 first edition of Graham and Dodd's "Securities Analysis". A library copy that used to be in Dalhousie University.

 

[Gamecock-YT]

I guess value investing really is dead then.

[DooDiligence]

Was driving down Quebec St in Toronto today and passed a "Little Free Library" I hadn't seen before (more on LFL here: https://littlefreelibrary.org/) and on a hunch I pulled the car over to check it out.

 

In it I found a 1934 first edition of Graham and Dodd's "Securities Analysis". A library copy that used to be in Dalhousie University.

 

 

Nice, a 1st/1st.

 

No recent comp sales on eBay but there are a few listed (mostly 1st later printings).

 

I'd keep it.

[bizaro86]

As an fyi on value, that is easily worth thousands of dollars. The closest comp I could quickly find (the red first/first edition, also ex-library) https://www.biblio.com/book/security-analysis-principles-technique-graham-benjamin/d/951415339

 

Is listed for $9k USD. I suspect that price to be slightly high, as condition matters a great deal for these sorts of things. I'd guess yours is worth ~$5k USD.

 

 

[Mark Jr.]

No plans on selling but I think the estimates so far are to the high side.

 

On Abebooks we see listing as high as 40K for signed ones. But near the low end is $1,500 for the 1934 - this is probably more the case as it's a library copy and not in great shape.

[Jurgis]

Who the heck discards a book worth >$1K?

 

(I know it's not discarding, it's exchange, but still... ??? )

[bizaro86]

No plans on selling but I think the estimates so far are to the high side.

 

On Abebooks we see listing as high as 40K for signed ones. But near the low end is $1,500 for the 1934 - this is probably more the case as it's a library copy and not in great shape.

 

That $1500 isn't a first printing. That matters quite a bit.

[Guest oakwood42]

Was driving down Quebec St in Toronto today and passed a "Little Free Library" I hadn't seen before (more on LFL here: https://littlefreelibrary.org/) and on a hunch I pulled the car over to check it out.

 

In it I found a 1934 first edition of Graham and Dodd's "Securities Analysis". A library copy that used to be in Dalhousie University.

 

 

Good for you!

[Mark Jr.]

That $1500 isn't a first printing. That matters quite a bit.

 

Oh I didn't notice that, or that mine was a 1st/1st

[bizaro86]

That $1500 isn't a first printing. That matters quite a bit.

 

Oh I didn't notice that, or that mine was a 1st/1st

 

No problem. You can see the difference in this listing here: https://www.abebooks.com/servlet/BookDetailsPL?bi=18075326174&searchurl=an%3Dbenjamin%2Bgraham%26fe%3Don%26sortby%3D17%26tn%3Dsecurity%2Banalysis#&gid=undefined&pid=4

 

Where under the first edition it lists the printing. Yours doesn't,  therefore imo it's a 1st/1st.

 

I'd be willing to pay you $1500 USD for it - it's definitely worth more than that. You shouldnt take me up on the offer :)

[wisowis]

Efficient Market Theory evangelists in tears, asset worth thousands of dollars picked up on the side of the road for free.

 

May I suggest that you donate that money back to the library if you ever sell it, given that they are a non-profit.

 

Here is a 1st/1st, also was a library book. Listed for $9k. https://www.abebooks.com/servlet/BookDetailsPL?bi=16758996144&searchurl=an%3DBENJAMIN%2BGRAHAM%26kn%3Dsecurity%2Banalysis%26sortby%3D1&cm_sp=snippet-_-srp1-_-title8

 

[Mark Jr.]

 

I'd be willing to pay you $1500 USD for it - it's definitely worth more than that. You shouldnt take me up on the offer :)

 

Haha. It has pen marks and possible water damage, but I'll pass. Thanks :)