John Wiley & Sons Value Investing Cover "An excellent book in investments. But, more importantly, this volume is a primer explaining to Main.. Product #: 978-0-471-16292-6 Regular price: $69.07 $69.07 In Stock

Value Investing

A Balanced Approach

Whitman, Martin J.

Wiley Professional Banking and Finance Series /Wiley Frontiers in Finance

Cover

1. Edition April 1999
296 Pages, Hardcover
Wiley & Sons Ltd

ISBN: 978-0-471-16292-6
John Wiley & Sons

Short Description

"An excellent book in investments. 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.

Further versions

Softcovermobi

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.

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 Securities.

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.