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.
Die Wirtschaft wird geprägt von Rezessionen und Boomphasen, die auch an den Aktienmärkten nicht spurlos vorbeigehen.
"This book deserves a place on every serious investor’s shelf." –FINANCIAL TIMES "A must-read for all disciples of value investing. In 1934, Graham and Dodd created fundamental security analysis.
But, more importantly, this volume is a primer explaining to Main Street, especially Main Street businesspeople, how Wall Street really operates." —Eugene M. Isenberg, Chairman of the Board, Nabors Industries, Inc.
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 ...
In this important new book, the highly respected and controversial value investor and behavioural analyst, James Montier explains how value investing is the only tried and tested method of delivering sustainable long-term returns.