
Value Investing
From Graham to Buffett and Beyond
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Value Investing
From Graham to Buffett and Beyond
About this book
Explore the modern extension of value investing in this essential text from "the guru to Wall Street's gurus"
The substantially rewritten Second Edition of Value Investing: From Graham to Buffett and Beyond delivers an incisive and refined approach to investing grounded on almost 100 years of history, beginning with Graham and Dodd. Founded on the value investing course taught for almost twenty-five years by co-author Bruce Greenwald at Columbia Business School, the book helps investors consistently land on the profitable side of the trade.
Readers will learn how to search for underpriced securities, value them accurately, hone a research strategy, and apply it all in the context of a risk management practice that mitigates the chance of a permanent loss of capital.
The new edition includes:
- Two innovative new chapters discussing the valuation of growth stocks, a perennial problem for investors in the Graham and Dodd tradition
- New profiles of successful investors, including Tom Russo, Paul Hilal, and Andrew Weiss
- An extended discussion of risk management, including modern best practices in an environment where it is often divorced from individual security selection
A substantive expansion of an already highly regarded book, Value Investing: From Graham to Buffett and Beyond is the premier text discussing the application of timeless investing principles within a transformed economic environment. It is an essential resource for portfolio managers, retail and institutional investors, and anyone else with a professional or personal interest in securities valuation and investing.
Successful value investing practitioners have graced both the course and this book with presentations describing what they really do when they are at work. Find brief descriptions of their practices within, and video presentations available on the web site that accompanies this volume: www.wiley.com/go/greenwald/valueinvesting2e
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Information
Table of contents
- Cover
- Table of Contents
- Acknowledgments
- Introduction
- 1 Value Investing: Definitions, Distinctions, Results, Risks, Principles
- 2 Searching for Value: Finding the Right Side of the Trade
- 3 Valuation in Principle, Valuation in Practice
- 4 Valuing the Assets: From Book Value to Replacement Costs
- Example One: Hudson General
- 5 Earnings Power Value
- Example Two: Magna International
- 6 Growth
- 7 “Good” Businesses
- 8 The Valuation of Franchise Stocks
- Appendix to Chapter 8: Return Calculations for Franchise Businesses
- Example Three: WD-40
- Example Four: Intel
- 9 Research Strategy
- 10 Risk Management and Building Portfolios
- Investor Profiles
- Warren Buffett
- Robert H. Heilbrunn
- Walter and Edwin Schloss
- Mario Gabelli
- Glenn Greenberg
- Paul Hilal
- Jan Hummel
- Seth Klarman
- Michael Price
- Thomas Russo
- Andrew Weiss
- Index
- End User License Agreement