We describe an infrared transmission study of a thin layer of bulk graphite in magnetic fields up to B = 34 T. Two series of absorption lines whose energy scales as √ B and B are present in the spectra and identified as contributions of massless holes at the H point and massive electrons in the vicinity of the K point, respectively. We find that the optical response of the K point electrons corresponds, over a wide range of energy and magnetic field, to a graphene bilayer with an effective inter-layer coupling 2γ1, twice the value for a real graphene bilayer, which reflects the crystal ordering of bulk graphite along the c axis. The K point electrons thus behave as massive Dirac fermions with a mass enhanced twice in comparison to a true graphene bilayer.PACS numbers: 71.70. Di, 76.40.+b, 81.05.Uw Recent interest in graphene [1, 2], a truly twodimensional system with its simple, but nevertheless, for solids, unconventional electronic states, has focused attention on the properties of Dirac-like fermions in condensed matter physics in general. Whereas, twodimensional massless Dirac fermions [3,4,5], characteristic of graphene have been widely investigated, far fewer experiments have been devoted to massive Dirac fermions which are specific to a graphene bilayer [6,7], which represents a further example of a two-dimensional system with a highly unusual band structure [8]. Perhaps surprisingly, Dirac dispersion relations can also be found in graphite, a three dimensional, bulk material which consists of Bernal-stacked weakly coupled graphene layers.The standard Slonczewski-Weiss-McClure (SWM) model of electronic states in graphite [9, 10] predicts a complex form for the in-plane dispersion relation which changes considerably depending upon the value of the momentum k z in the direction perpendicular to the layers. Intriguingly, the SWM model predicts that in the vicinity of the H point (k z = 0.5) the in-plane dispersion is linear and thus resembles a Dirac cone. Such a dispersion has indeed been found in angle resolved photoemission spectroscopy [11,12], tunneling spectroscopy [13,14], as well as in Landau level (LL)-spectroscopy [15]. The latter experiments, mainly focused on transitions between LLs whose energy scales as √ B, are generally believed to exhibit far richer spectra in comparison to true graphene [16,17,18], reflecting the inherent complexity of the SWM model which includes no fewer than seven parameters [19,20].We show in this Letter that infrared magnetoabsorption spectra of graphite, measured over a wide range of the energy and magnetic field, can be interpreted in a very simple, transparent and elegant manner. Our results confirm, in agreement with theoretical considerations [21], that graphite can be viewed as an effective graphene monolayer and bilayer. This theoretical picture is derived using a drastically simplified SWM model, which includes only two parameters γ 0 and γ 1 , describing the intra-and inter-layer tunneling respectively. In this simplified picture, the dominant contribution ...