9780471398103

Value Investing : A Balanced Approach

by
  • ISBN13:

    9780471398103

  • ISBN10:

    0471398101

  • Edition: 1st
  • Format: Paperback
  • Copyright: 2000-10-09
  • Publisher: Wiley
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Supplemental Materials

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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

Summary

Provides a modern analytical framework for assessing a company's true value Written by a true value investor known for his ability to buy undervalued companies and re-sell them at a substantial profit, Value Investing provides an analytical framework that evaluates the impact of real events-including restructuring, regulations, mergers and acquisitions, and other important factors-on a company's value.

Author Biography

MARTIN J. WHITMAN, CFA, is Chairman, CEO, and portfolio manager of the successful Third Avenue Value Fund and the Third Avenue Small Cap Value Fund. A leader in value investing, he is a Management Fellow at the Yale University School of Management.

Table of Contents

Acknowledgments ix
Introduction xi
Part I Different Approaches to the Investment Process 1(96)
What is Value Investing?
3(31)
Academic Finance: Efficient Market Hypothesis and Efficient Portfolio Theory
34(34)
Graham and Dodd Fundamentalism
68(13)
Broker-Dealer Research Departments and Conventional Money Managers
81(16)
Part II Real-World Considerations 97(94)
Corporate Valuation
99(13)
The Substantive Characteristics of Securities
112(13)
Capital Structure
125(13)
Promoters' and Professionals' Compensations
138(16)
Uses and Limitations of Financial Accounting
154(19)
Uses and Limitations of Narrative Disclosures
173(4)
Semantics Counts
177(14)
Part III Resource Conversion 191(70)
A Simplified Example
193(9)
Acquiring Securities in Bulk
202(12)
Restructuring Troubled Companies
214(21)
Other Resource Conversion Topics
235(26)
Epilogue: The Values of Value Investing 261(6)
Index 267

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