Value Investing
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Value Investing: A Balanced Approach(Frontiers in Finance Series)

Value Investing: A Balanced Approach(Frontiers in Finance Series)


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About the Book

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. Well-known for his success with distressed corporations and value investing, author Martin Whitman wages a controversial attack on the modern financial practice of focusing on price movements and short-term trading. In Value Investing, Whitman identifies fundamental factors affecting the value of companies and entire markets from the ground up and takes value investing one step further by demonstrating how industry movement and public policy decisions can lead to greater returns. He also highlights the shortcomings of all the popularly applied analytical techniques.

Table of Contents:
DIFFERENT APPROACHES TO THE INVESTMENT PROCESS. What is Value Investing? Academic Finance: Efficient Market Hypothesis and Efficient Portfolio Theory. Graham and Dodd Fundamentalism. Broker-Dealer Research Departments and Conventional Money Managers. REAL-WORLD CONSIDERATIONS. Corporate Valuation. The Substantive Characteristics of Securties. Capital Structure. Promoters' and Professionals' Compensations. Uses and Limitations of Financial Accounting. Uses and Limitations of Narrative Disclosures. Semantics Counts. RESOURCE CONVERSION. A Simplified Example. Acquiring Securities in Bulk. Restructuring Troubled Companies. Other Resource Conversion Topics. Epilogue: The Values of Value Investing. Index.

About the Author :
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.

Review :
"The book has a lot and I recommend it. It is remarkably well written for a book on finance and, perhaps most importantly, easily comprehensible."(Investment Adviser, 22 January 2001)


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Product Details
  • ISBN-13: 9780471398103
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Height: 229 mm
  • No of Pages: 288
  • Returnable: N
  • Spine Width: 22 mm
  • Weight: 354 gr
  • ISBN-10: 0471398101
  • Publisher Date: 17 Oct 2000
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Series Title: Frontiers in Finance Series
  • Sub Title: A Balanced Approach
  • Width: 154 mm


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Value Investing: A Balanced Approach(Frontiers in Finance Series)
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