Getting Started in Security Analysis, 2nd Edition


Praise For Getting Started In Security Analysis, Second Edition

"Peter Klein and his talented coauthor, Brian Iammartino, have written the definitive work on what it takes to really understand investment analysis. Importantly, they've done it using an easy to follow step-by-step format and clear, understandable language. This book will be an invaluable tool for both prospective as well as seasoned security analysts for generations to come. I'm going to insist that my broker read it cover to cover!"
Jim McCann, founder,

"This book provides a thorough and fundamental education on the art and science of securities analysis. It presents years worth of field-level experience within its covers. Principally simple, yet profoundly practical!"
Giorgio Kolaj, cofounder, Famous Famiglia

"This is a book very well worth owning and reading. It covers all the basic forms of investment. It is a great reference tool to keep at desk side to refer to when needed. It is a solid, basic book in fundamentals, easy to understand with good clear and concise examples."
Robert A. Rosen, Chairman and CEO, Rosen Associates Management Corp.

"An invaluable resource. I recommend this book to all of my clients who are intrigued by what goes into security analysis."
Jerry Sloane, CPA, Partner, Berdon LLP

Peter J. Klein, CFA, is Senior Vice President of Investments for UBS Financial Services where he and his team develop financial plans for individuals and small institutions and proactively steward their capital through the capital markets. Klein holds a BA in economics and an MBA in finance, is a member of CFA Institute and The New York Society of Security Analysts, and sits on several not-for-profit boards.

Brian R. Iammartino is Vice President of Westport Point Capital, a private real estate investment fund. His previous experience includes positions at The Blackstone Group and the not-for-profit organization TeachersCount. Iammartino holds a BS summa cum laude from the Wharton School of the University of Pennsylvania, where he concentrated in finance and accounting, and a Master in Public Policy from Harvard University's John F. Kennedy School of Government.



PART 1 Tools of the Trade.

Chapter 1 Accounting.

Chapter 2 Economics.

Chapter 3 Investment Mathematics.

Chapter 4 Quantitative Analysis.

PART 2: Fundamental Financial Security Analysis.

Chapter 5 Equity Analysis and Valuation.

Chapter 6 Credit Analysis.

Chapter 7 Real Estate.

PART 3 Portfolio Management.

Chapter 8 The Investment Management Process.


Appendix: Selected tables.