15-08-2011, 12:34 AM
Value Investing: From Graham to Buffet and Beyond
Review
Value Investing
VALUE INVESTING is written by Columbia University professor Bruce C. N. Greenwald along with co-authors Judd Kahn (PhD University of California), Paul D. Sonkin (Hummingbird Value Fund), and Michael Van Biema (Phd Columbia, Finance Faculty Columbia).
Similar to other value investing authors, Greenwald et al. proposes that the market is not perfectly efficient and that individual investors can beat the market indices by investing in undervalued stocks. Greenwald et al. also proposes that risk does not equal volatility (as is common in many finance texts) but rather the permament loss of capital. These are both very important philosophies and the underpinnings of many value investors.
Greenwald et al. first propose that the value of a company is equal to... (continue reading here)
Review
Value Investing
VALUE INVESTING is written by Columbia University professor Bruce C. N. Greenwald along with co-authors Judd Kahn (PhD University of California), Paul D. Sonkin (Hummingbird Value Fund), and Michael Van Biema (Phd Columbia, Finance Faculty Columbia).
Similar to other value investing authors, Greenwald et al. proposes that the market is not perfectly efficient and that individual investors can beat the market indices by investing in undervalued stocks. Greenwald et al. also proposes that risk does not equal volatility (as is common in many finance texts) but rather the permament loss of capital. These are both very important philosophies and the underpinnings of many value investors.
Greenwald et al. first propose that the value of a company is equal to... (continue reading here)