Value Investing：From Graham to Buffett and Beyond

图书标准信息

• 作者 Bruce C. N.（布鲁斯·C·N·格林沃尔德）、Judd（贾德·康）、Paul D.（保罗·D·桑金）、Michael Van Biema（迈克尔·梵·拜玛） 著
• 出版社 Wiley
• 出版时间 2004-01
• 版次 1
• ISBN 9780471463399
• 定价 244.30元
• 装帧 平装
• 开本 32开
• 纸张 胶版纸
• 页数 320页
• 正文语种 英语

【内容简介】

DescribedbytheNewYorkTimesasthe"gurutoWallStreet'sgurus,"BruceGreenwaldisaleadingauthorityonvalueinvesting.Hiscoursesandseminarsonthesubjecthavedrawnsomeofthesavviestpeopleintheinvestmentworld.Now,alongwithsomecolleagues,Greenwaldrevealsthefundamentalprinciplesthathavemadevalueinvestingoneofthemostconsistentlyprofitableinvestmenttechniques.

Inaninvestmentworldfrequentlyblindedbyexcessiveoptimism,short-termspeculation,andotherpracticesrangingfromunsoundtodownrightshady,valueinvestingremainsareliabledisciplineevenasitmovesintoanewcentury.BuiltontheworksofBenjaminGraham,thefatherofsecurityanalysis,valueinvestingisbasedonthepremisethattheunderlyingvalueofafinancialsecurityismeasurableandstable,eventhoughthemarketpricefluctuateswidely.Thecoreofvalueinvestingistobuysecuritieswhentheirmarketpricesaresignificantlybelowtheirintrinsicvalues.Grahamcalledthegapbetweenpriceandvaluethe"marginofsafety."Alargemarginofsafetybothincreasesthepotentialreturnandreducestheriskofloss.

【作者简介】

BRUCEC.N.GREENWALDistheRobertHeilbrunnProfessorofFinanceandAssetManagementatColumbiaUniversityGraduateSchoolofBusiness.

JUDDKAHNhastaughthistory,servedincitygovernment,andworkedasasecuritiesanalyst,aCFO,andamanagementconsultant.HehasaPhDinhistoryfromtheUniversityofCalifornia,Berkeley.

PAULD.SONKINistheinvestmentmanageroftheHummingbirdValueFund.HehasworkedattheSEC,GoldmanSachs,RoyceFunds,andFirstManhattanCompany.HeholdsanMBAfromColumbia.

MICHAELvanBIEMAisamemberofthefinancefacultyofColumbiaBusinessSchool.PriortojoiningthefacultyofColumbia,hewasaprincipalattheRONINCorporation,amanagementconsultingfirm,andthecofounderofseveraltechnologycompanies.HehasaPhDfromColumbiaincomputerscience.

【目录】

Preface to the Paperback Edition.
Preface to the First Edition.
PART I: AN INTRODUCTION TO VALUE INVESTING.
1. Value Investing: Definitions, Distinctions, Results, Risks, Principles.
2. Searching for Value: Fish Where the Fish Are.
PART 11: THREE SOURCES OF VALUE.
3. Valuation in Principle, Valuation in Practice.
4. Valuing the Assets: From Book Value to Replacement Costs.
5. Earning Power Value: Assets Plus Franchise.
6. A Wonderful Little Franchise: The Earning Power of WD-40.
7. Inside Intel: The Value of Growth Within the Franchise.
8. Constructing the Portfolio: Risk, Diversification, and Default Strategies.
PART III: VALUE INVESTING IN PRACTICE: PROFILES OF EIGHT VALUE INVESTORS.
9. Warren Buffett: Investing Is Allocating Capital.
10. Mario Gabelli: Discovering and Unlocking the Private Market Value.
11. Glenn Greenberg: Investigate, Concentrate, and--Watch That Basket.
12. Robert H. Heilbrunn: Investing in Investors.
13. Seth Klarman: Distressed Sellers, Absent Buyers.
14. Michael Price: Discipline, Patience, Focus, and Power.
15. Walter and Edwin Schloss: Keep It Simple, and Cheap.
16. Paul D. Sonkin: Small Is Beautiful, Especially When It's Ugly.
References.
Acknowledgements.
Index.