Value Investing: A Balanced Approach - Softcover

Whitman, Martin J.

Softcover

ISBN 10: 0471398101 ISBN 13: 9780471398103

Publisher: Wiley, 2000

Synopsis

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.

About this title

About the Author

MARTIN J. WHITMAN, CFA, is Chairman, CEO, and portfolio manager of the successful Third Avenue Value Fund and the Third Avenue Small Cap Value Fund. A leader in value investing, he is a Management Fellow at the Yale University School of Management.

From the Back Cover

"Essential reading for anyone in today's turbulent markets."
Jeffrey E. Garten, Dean, Yale School of Management

Praise for MARTIN J. WHITMAN and

VALUE INVESTING

"An excellent book on 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.

"A must read for all thoughtful investors interested in a rational, disciplined, risk-averse template for successful long-term compounding."
O. Mason Hawkins, CFA, Chairman and CEO, Southeastern Asset Management, Inc. and The Longleaf Partners Funds

"This author knows whereof he speaks. His many years of extremely successful experience as a professional manager of investments, his academic training, and his period of teaching at a major university all make their mark on this illuminating volume. It reveals how a bright, analytically minded person with extensive practical experience studies and evaluates investments."
William J. Baumol, Professor and Director, C.V. Starr Center, NYU Professor Emeritus, Princeton University

"This book by an experienced and practicing master, Martin Whitman, is a treasure and a reference book on how to think and feel like an owner of a business without the headache of running it day to day."
Papkens Der Torossian, Chairman and CEO, Silicon Valley Group, Inc.

"Marty Whitman is renowned for his uncanny instincts and insights in picking bargains in stocks and bonds. His book is a real bargain. To benefit from decades of Marty's experience is invaluable and to have such a commonsense and realistic approach is an extra dividend."
Milton Cooper, Chairman, Kimco Realty Corporation

From the Inside Flap

"Essential reading for anyone in today's turbulent markets."
--Jeffrey E. Garten, Dean, Yale School of Management

Praise for MARTIN J. WHITMAN and

VALUE INVESTING

"An excellent book on 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.

"A must read for all thoughtful investors interested in a rational, disciplined, risk-averse template for successful long-term compounding."
--O. Mason Hawkins, CFA, Chairman and CEO, Southeastern Asset Management, Inc. and The Longleaf Partners Funds

"This author knows whereof he speaks. His many years of extremely successful experience as a professional manager of investments, his academic training, and his period of teaching at a major university all make their mark on this illuminating volume. It reveals how a bright, analytically minded person with extensive practical experience studies and evaluates investments."
--William J. Baumol, Professor and Director, C.V. Starr Center, NYU Professor Emeritus, Princeton University

"This book by an experienced and practicing master, Martin Whitman, is a treasure and a reference book on how to think and feel like an owner of a business without the headache of running it day to day."
--Papkens Der Torossian, Chairman and CEO, Silicon Valley Group, Inc.

"Marty Whitman is renowned for his uncanny instincts and insights in picking bargains in stocks and bonds. His book is a real bargain. To benefit from decades of Marty's experience is invaluable and to have such a commonsense and realistic approach is an extra dividend."
--Milton Cooper, Chairman, Kimco Realty Corporation

Edition details

• Publisher: Wiley
• Publication date: 2000
• Language: English
• ISBN 10: 0471398101
• ISBN 13: 9780471398103
• Binding: Paperback
• Edition number: 1
• Number of pages: 288