9780470116739

Value Investing From Graham to Buffett and Beyond

by ; ; ; ;
  • ISBN13:

    9780470116739

  • ISBN10:

    0470116730

  • Edition: 2nd
  • Format: Hardcover
  • Copyright: 2020-11-17
  • Publisher: Wiley

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

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Supplemental Materials

What is included with this book?

Summary

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:

http://www.wiley.com/go/greenwald/valueinvesting2e

 

Author Biography

Bruce C.N. Greenwald (New York, NY) is the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University and is the academic Director of the Heilbrunn Center for Graham & Dodd Investing. He teaches the same Value Investing course at Columbia University that was originally started by Benjamin Graham.

Barbara Kiviat (New York, NY) is a business reporter for TIME magazine. She received the Provost's Undergraduate Research Award from Johns Hopkins University in 2001, prior to starting her career in journalism.

Table of Contents

Introduction  

Chapter 1 Value Investing: Definitions, Distinctions, Results, Risks, Principles

Chapter 2 Searching for Value: Finding the Right Side of the Trade

Chapter 3 Valuation in Principle, Valuation in Practice: Assets, Earnings Power, and Growth, Maybe

Chapter 4 Valuing the Assets: From Book Value to Replacement Costs

Example 1 Hudson General

Chapter 5 Earnings Power Value

Example 2 Magna International

Chapter 6 Growth 

Chapter 7 “Good Businesses”

Chapter 8 The Valuation of Franchise Stocks

Chapter 8 Appendix

Example 3 WD-40

Example 4 Intel

Chapter 9 Research Strategy

Chapter 10 Risk Management and Building Portfolios

Rewards Program

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