The words in this table are primarily prepositions, conjunctions, and verbs that serve to connect and provide context to the more investment-specific terms found in the excerpt. The presence of "value," "security," and "analysis" in this list suggests that these concepts are central to the discussion in the passage.

"Value" and its cognate "valuation" refer to the fundamental concept of determining the intrinsic worth of a security or asset, which is a key tenet of Graham's investment philosophy. "Security" and its plural form "securities" refer to tradable financial assets, such as stocks and bonds, which are the focus of Graham's investment strategies. "Analysis" likely refers to the process of evaluating securities to determine their value and suitability for investment.

The high frequency of these terms in the excerpt underscores the importance of thorough financial analysis and the focus on value investing in Graham's approach.

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Code from Graham & Dodd

1) Is On By or with value security analysis that are

2) Are that analysis security value with or by on is

3) 3rd step transforms one and/or two, Ask Warren if he knows the his 2 graham or Table 2 from Graham.

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Appendix: First and Second Level Definitions

is
a. First level definition: third person singular present of be
b. Second level definition: to exist or live; to take place, happen, or occur

on
a. First level definition: preposition indicating position above and supported by or in contact with
b. Second level definition: indicating continuation, attachment, or adherence; indicating a source or basis

by
a. First level definition: preposition indicating the agent performing an action
b. Second level definition: indicating means, cause, or manner

or
a. First level definition: conjunction indicating an alternative or substitution
b. Second level definition: indicating an explanation or rephrasing of a preceding word or phrase

with
a. First level definition: preposition indicating accompaniment, combination, or addition
b. Second level definition: indicating agreement, support, or favor

value
a. First level definition: the monetary worth of something; a fair return or equivalent in goods, services, or money for something exchanged
b. Second level definition: relative worth, utility, or importance; a numerical quantity assigned to a mathematical expression

security
a. First level definition: freedom from danger, risk, or doubt; measures taken to guard against crime or attack
b. Second level definition: a tradable financial asset, such as a stock or bond

analysis
a. First level definition: a detailed examination of the elements or structure of something
b. Second level definition: the process of separating something into its constituent elements

that
a. First level definition: pronoun used to identify a specific person or thing observed or mentioned
b. Second level definition: conjunction used to introduce a subordinate clause

are
a. First level definition: present tense second-person singular and all plural forms of be
b. Second level definition: to exist or live; to take place, happen, or occur