Value Investing: A Balanced Approach

by Martin J. Whitman

Book Overview

Die hier vorgestellte Methode des 'Value Investing' (Investitionsentscheidungen nach der Wertanalyse) lost die traditionelle Praxis ubertriebener Preisbeobachtungen ab. Die moderne Unternehmensbewertung wird von einem echten Value-Investor vorgestellt, der bekannt ist fur seine Treffsicherheit beim Kauf von unterbewerteten Unternehmen, die er spater wieder mit betrachtlichem Gewinn verkauft. "Value Investing" zeigt Ihnen, wie Sie von der Informationsvielfalt...

• Format: Paperback
• Language: English
• ISBN: 0471398101
• ISBN13: 9780471398103
• Release Date: September 2000
• Publisher: Wiley
• Length: 288 Pages
• Weight: 0.87 lbs.
• Dimensions: 0.8" x 6.0" x 9.0"

Customer Reviews

Sage Advice for a Fraction of the Price

Mr. Whitman packs an entire course worth of information into just 265 pages. Marty Whitman is reknowned for his frank shareholder letters, in which he often explains very complex investments in an easily understandable terms. If you are a fan of his notorious shareholder letters (as I am), and are interested in taking your understanding of value investing to the next level, then this book is for you. Be forewarned that the book is more in-depth and academic than his letters.

Safe and cheap

Marty's brand of value investing will appeal to the buy-and-hold investor who wishes to purchase shares in financially sound companies with good quality assets at a discount to their value. This book does not teach "how to do". It teaches "how to think". That is, how to think like a control investor, speculator, management or investment banker, or creditor might. If one can understand the motivations and interests of all of those constituencies who might be involved in a company and the market for its securities, then one may learn to capitalize upon opportunities presented by the market.This book is the successor to Whitman's superb "The Aggressive Conservative Investor", basically updating that book for the new millenium.

If you ever wanted to teach Graham and Dodd a lesson read it

Marty compiles his wisdom, academic knowledge and years of experience working in the financial services sector in his latest book. His approach offerred me an opportunity to truly understand what "value investing" is. If value investors thought Graham and Dodd wrote the key book on this topic, then they should read Marty's book. He has established 'the' way to approach value investing.

I laughed, I cried...

I laughed, I cried....I loved it!! Actually I haven't read it yet but I ordered 10 copies and I believe I am going to love it!