The Aggressive Conservative Investor

图书标准信息

• 作者 Martin J. Whitman 著
• 出版社 Wiley
• 出版时间 2005-10
• 版次 1
• ISBN 9780471768050
• 定价 272.30元
• 装帧 平装
• 开本 其他
• 纸张 其他
• 页数 486页
• 正文语种 英语
• 丛书 Wiley Investment Classics

【内容简介】

"TheAggressiveConservativeInvestorwillnevergooutofdate.Regulation,disclosure,andotherthingsmaychange,butthegeneralapproachandmindsettosuccessfulinvestingaretimeless.Readthisbookandyouwilllearntherudimentsof'safeandcheap'investing.Anessentialreadforeveryamateurandprofessionalinvestor."--StanGarstka,DeputyDean&ProfessorinthePracticeofFaculty&Management,YaleSchoolofManagement"Securityanalysistowardbothbetteroddsandhigherlong-termpayoff:Areadable,authoritativeguide."--ProfessorBillBaumol,NewYorkUniversity"Inreadingthisbook,oneisstruckbythesimplicityoftheideasandthedependenceoftheinvestoronhisownunderstandingsofrealityasopposedtothemythsonthestreet.Theupdatedversionofthis1979classicincorporatesallthemodernfinancialengineeringthathasoccurredasaproductofthelate20thcentury,andthenewmethodologiesrefineyourabilitiestomeasureriskbutdon'tchangethefundamentalsofvalue.TheupdatedversionofTheAggressiveConservativeInvestorisverymuchavalue-addedproposition."--SamZell,Chairman,EquityGroupInvestmentLLC"IconcurwiththosepeoplewhoregardMartyWhitmanasthe'DeanofValueInvesting.'Thisbookisamust-readforeveryoneinterestedinunderstandingtheartofinvesting."--MelvinT.Stith,Dean,WhitmanSchoolofManagement,SyracuseUniversityThisno-holds-barredpresentationofoneofthemostsuccessfulinvestmentstrategiesofalltime--valueinvestingindistressedsecurities/companie--showsyouhowtoanalyzeandevaluatestocksjustlikecontrollingowners.Basedontheassumptionthatstockpricerarelyreflectsrealvalue,authorsWhitmanandShubikusenumerouscasestudiestopresentrisk-minimizingmethodsthatalsoprovidehighrewards.Stillrelevanttoday,thisclassicworkincludesanewintroductiondiscussingthedramaticchangesthathavetakenplaceinthevalueinvestingworldsinceitsfirstpublicationin1979.

【作者简介】

MartinJ.Whitman(NewYork,NY)ischairman,chiefexecutiveofficer,andco-chiefinvestmentofficerofThirdAvenueManagementLLC,andalsomanagestheThirdAvenueValueFund.Mr.WhitmanischairmanandCEOofM.J.Whitman,Inc.,aNewYork-basedfull-servicebroker-dealerandservesasCEOofDanielsonHoldingCorporation,aChicago-basedinsuranceholdingandtrustcompany.?Mr.WhitmanreceivedabachelorofsciencefromtheSchoolofManagementandamaster'sdegreeineconomicsfromtheNewSchoolforSocialResearch.Heisacharteredfinancialanalyst.?MartinShubik(Branford,CT)istheSeymourH.KnoxProfessorofMathematicalInstitutionalEconomicsatYaleUniversity.HereceivedhisB.A.andM.S.degreesinMathematicsandPoliticalEconomyfromtheUniversityofToronto,andhisPh.D.inEconomicsfromPrincetonUniversity.

【目录】

Foreword.Preface.SectionOne:TheApproach.1.AnOverview.2.TheFinancial-IntegrityApproachtoEquityInvesting.SectionTwo:TheUsesandLimitationsofFundamentalAnalysisandTechnicalAnalysis.3.TheSignificanceofMarketPerformance.4.ModernCapitalTheory.5.RiskandUncertainty.SectionThree:DisclosuresandInformation.6.FollowingthePaperTrail.7.FinancialAccounting.8.GenerallyAcceptedAccountingPrinciples.SectionFour:TheFinancialandInvestmentEnvironment.9.TaxShelter(TS),OtherPeoplesMoney(OPM),AccountingFudgeFactor(AFF)andSomethingofftheTop(SOTT).10.SecuritiesAnalysisandSecuritiesMarkets.11.FinanceandBusiness.SectionFive:ToolsofSecuritiesAnalysis.12.NetAssetValues.13.Earnings.14.RolesofCashDividendsinSecuritiesAnalysisandPortfolioManagement.15.ShareholderDistributions,PrimarilyfromtheCompanyPointofView.16.LossesandLossCompanies.17.AShortPrimeronAsset-ConversionInvesting:PrearbitrageandPostarbitrage.SectionSix:AppendixesCaseStudies.IntroductiontoAppendixesIandII.I.TheUseofCreativeFinancetoBenefitControllingStockholdersSchaeferCorporation.II.CreativeFinanceAppliedtoaCorporateTakeoverLeascoDataProcessingCompany.III.AGuidetoSECCorporateFilingsWhatTheyAre/WhatTheyTellYou(ReprintedCourtesyofDisclosureIncorporated).IV.ExamplesofVariablesUsingtheFinancial-IntegrityApproachProandCon.Index.