David Dodd (1895–1988) was an American economist, financial analyst, and educator, best known for his collaboration with Benjamin Graham on the seminal work “Security Analysis.” Here’s a brief overview of his life and contributions:
Early Life and Education: David Dodd was born in 1895. He graduated from the University of Colorado with a degree in economics and went on to earn his master’s degree in business administration from Columbia University.
Collaboration with Benjamin Graham: Dodd met Benjamin Graham while studying at Columbia Business School. The two formed a close professional and personal relationship. Together, they co-authored “Security Analysis,” first published in 1934. This book laid the foundation for modern security analysis and value investing. Dodd and Graham emphasized the importance of thorough analysis, financial statements, and intrinsic value in evaluating investment opportunities.
Teaching Career: Dodd joined the faculty of Columbia Business School in 1925, where he taught finance and investment analysis for many years. He played a significant role in shaping the curriculum and influencing generations of students with his rigorous approach to investment analysis.
Other Contributions: In addition to “Security Analysis,” Dodd wrote several other books and articles on finance and investment. He also served as a consultant to various businesses and government agencies.
Legacy: David Dodd’s collaboration with Benjamin Graham has left an indelible mark on the field of finance and investment. “Security Analysis” remains a classic text and is considered essential reading for anyone interested in value investing and security analysis. Dodd’s contributions to education and his dedication to the principles of sound investing continue to influence investors and analysts to this day.
David Dodd’s work alongside Benjamin Graham helped establish the intellectual framework for modern investment analysis, and his teachings have had a lasting impact on the field of finance.