8vo. Original blue cloth gilt-lettered on spine; original dust jacket (a few tiny chips, some light rubbing and short creases); quarter green morocco folding case gilt.

FIRST EDITION OF GRAHAM'S RARE CLASSIC WORK. FIRST PRINTING with code "D-Y" on copyright page. IN THE FIRST ISSUE DUST JACKET with price "$3.50" and "Editor of Barron's" on front flap. Following his groundbreaking Security Analysis (see previous lot), and motivated by the need for consumer protection and education, Graham "produced a version of his investment text designed for the individual investor... A book of less than half the size of Security Analysis, nevertheless it was written with the same clarity and integrity. In it, Graham clearly distinguished between investing and speculating... Graham intended the book for the man on Main Street, but as with his earlier book, Wall Street professionals found it indispensable. Because it was so widely read, the book brought greater visibility, respect, and prestige to the field of security analysis (Lowe, Benjamin Graham on Value Investing, p.129-30).