Let some of the best investors in the world teach you how to be on the right side of the trade. The first edition of Value Investing: From Graham to Buffett and Beyond was published in 2001. It is still in print, having sold over 100,000 copies. It has been translated into five languages. Business school professors still assign it in their courses. But in the 20 years since the first edition, the economy has changed, the investment world has evolved, and the discipline of value investing has adapted to this new environment. This second edition responds to these developments. It extends and refines an approach to investing that began with Benjamin Graham and David Dodd during the Great Depression and was adapted by Warren Buffett, Charlie Munger, and others to earn returns in an environment in which the opportunity to buy a stock worth a dollar for 50 cents is no longer waiting in plain sight. The foundation of this book is the course on value investing that Bruce Greenwald taught at Columbia Business School for almost a quarter century. His aim in the course, and our aim in the book, is to help the investor operating in the Graham and Dodd tradition find him or herself on the right side of the trade. The steps include searching for the right securities, valuing them appropriately, honing a research strategy to devote time to the right activities, and wrapping it all within a risk management practice that protects the investor from permanent loss of capital. The book has been revised throughout, but the biggest change is the addition of more than two chapters on the valuation of growth stocks, which has always been a problem for investors trained in the Graham and Dodd tradition. Successful value investing practitioners have graced both the course and this book with presentations describing what they really do when they are at work. There are brief descriptions of their practices within, and video presentations available on the web site that accompanies this volume: http://www.wiley.com/go/greenwald/valueinvesting2e In addition to a selection of Warren Buffett’s letters, there are presentations by Mario Gabelli, Glenn Greenberg, Paul Hilal, Jan Hummel, Seth Klarman, Michael Price, Thomas Russo, and Andrew Weiss. Although their styles vary, they all are members in good standing of the Graham and Dodd tradition.
Warren Buffett uses it to make millions for his investors. It’s called value investing, and you can make it work wonders for your portfolio. All you need is money to invest, a little patience—and this book.
The book covers such indispensable issues as: * Where to look for underpriced securities * How to determine the intrinsic value of a stock * Alternative methods for constructing a portfolio that control risk without restricting investment ...
... Barry Roumell, Jim Roumell Asset Management Royce, Charles Royce & Associates RS Investments Russo, Thomas. S. Sabre Value Management Samra, David Sandler, Ricky Santayana, George Satterwhite, Scott Scharf Investments Schram, ...
A strategy to profit when markets are range bound–which is half of the time One of the most significant challenges facing today’s active investor is how to make money during...
Chart 4.1 of Dawson Geophysical (an oil services company) shows how canny insiders bought in opportunistically during the financial crisis, before selling down when prices and sentiment recovered. You can obtain a useful snapshot of the ...
" Byron R. Wien, Pequot Capital Management "Forget Wall Street. It's a promotion machine. Forget almost all books on investing. They won't help you. But this book will. Chris Browne makes sense.
UPDATED & EXTENDED 2ND EDITION - with a brand-new foreword by Merryn Somerset Webb Let the market come to you Deep Value Investing by Jeroen Bos is an incredibly candid and revealing guide to the secrets of deep value investment.
Over the years, numerous books have been published on Benjamin Graham’s approach. Most of these books present different interpretations of value investing and are generally introductory based.
Now, the secrets of value investing are available to you in this easy-to-understand guide. All About Value Investing covers all practical aspects of this winning investing strategy.
Throughout this book, Wisdom will show you how to capitalize on value plays where the fundamentals are actually strong, but the "general wisdom" surrounding the security has turned negative.