Security Analysis, Sixth Edition, Part I - Survey and Approach

2009-01-13
Security Analysis, Sixth Edition, Part I - Survey and Approach

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  • Author: Benjamin Graham
  • Publisher: McGraw Hill Professional
  • ISBN: 0071716025
  • Category : Business & Economics
  • Languages : en
  • Pages : 87

This chapter is from Security Analysis, which has withstood the test of time as well or better than any investment book ever published. Now the Sixth Edition updates the masters' ideas and adapts them for the 21st century's markets. This second edition, which was published in 1940 and still considered the definitive edition, has been updated by a dream team of some of today's leading value investors. Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork "at least four times"), this new edition of Security Analysis will reacquaint you with the foundations of value investing--more relevant than ever in the tumultuous 21st century markets.

Security Analysis: The Classic 1934 Edition

1934
Security Analysis: The Classic 1934 Edition

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  • Author: Benjamin Graham
  • Publisher: McGraw Hill Professional
  • ISBN: 9780070244962
  • Category : Business & Economics
  • Languages : en
  • Pages : 762

Explains financial analysis techniques, shows how to interpret financial statements, and discusses the analysis of fixed-income securities and the valuation of stocks.

Security Analysis: Sixth Edition, Foreword by Warren Buffett

2008-09-14
Security Analysis: Sixth Edition, Foreword by Warren Buffett

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  • Author: Benjamin Graham
  • Publisher: McGraw Hill Professional
  • ISBN: 0071642935
  • Category : Business & Economics
  • Languages : en
  • Pages : 818

"A road map for investing that I have now been following for 57 years." --From the Foreword by Warren E. Buffett First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing,” have withstood the test of time across a wide diversity of market conditions, countries, and asset classes. This new sixth edition, based on the classic 1940 version, is enhanced with 200 additional pages of commentary from some of today’s leading Wall Street money managers. These masters of value investing explain why the principles and techniques of Graham and Dodd are still highly relevant even in today’s vastly different markets. The contributor list includes: Seth A. Klarman, president of The Baupost Group, L.L.C. and author of Margin of Safety James Grant, founder of Grant's Interest Rate Observer, general partner of Nippon Partners Jeffrey M. Laderman, twenty-five year veteran of BusinessWeek Roger Lowenstein, author of Buffett: The Making of an American Capitalist and When America Aged and Outside Director, Sequoia Fund Howard S. Marks, CFA, Chairman and Co-Founder, Oaktree Capital Management L.P. J. Ezra Merkin, Managing Partner, Gabriel Capital Group . Bruce Berkowitz, Founder, Fairholme Capital Management. Glenn H. Greenberg, Co-Founder and Managing Director, Chieftain Capital Management Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School David Abrams, Managing Member, Abrams Capital Featuring a foreword by Warren E. Buffett (in which he reveals that he has read the 1940 masterwork “at least four times”), this new edition of Security Analysis will reacquaint you with the foundations of value investing—more relevant than ever in the tumultuous 21st century markets.

Security Analysis: The Classic 1940 Edition

2002-10-31
Security Analysis: The Classic 1940 Edition

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  • Author: Benjamin Graham
  • Publisher: McGraw Hill Professional
  • ISBN: 0071707573
  • Category : Business & Economics
  • Languages : en
  • Pages : 868

"Graham's ideas inspired the investment community for nearly a century."--Smart Money "Graham's method of investing is as relevant today as it was when he first espoused it during the Roaring Twenties."--Investor's Business Daily Benjamin Graham's revolutionary theories have influenced and inspired investors for nearly 70 years. First published in 1934, his Security Analysis is still considered to be the value investing bible for investors of every ilk. Yet, it is the second edition of that book, published in 1940 and long since out of print, that many experts--including Graham protégé Warren Buffet--consider to be the definitive edition. This facsimile reproduction of that seminal work makes available to investors, once again, the original thinking of "this century's (and perhaps history's) most important thinker on applied portfolio investment."

Valuation Approaches and Metrics

2005
Valuation Approaches and Metrics

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  • Author: Aswath Damodaran
  • Publisher: Now Publishers Inc
  • ISBN: 1601980140
  • Category : Business & Economics
  • Languages : en
  • Pages : 102

Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.

Survey Methods for Medical and Health Professions Education - E-Book

2021-04-10
Survey Methods for Medical and Health Professions Education - E-Book

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  • Author: Andrew W. Phillips
  • Publisher: Elsevier Health Sciences
  • ISBN: 0323695922
  • Category : Medical
  • Languages : en
  • Pages : 138

Offering a practical, six-step approach to effective survey design, delivery, and analysis, Survey Methods for Medical and Health Professions Education provides a real-world framework for successful research and evaluation using surveys. Focused on medical and other health professional education research, this unique text features quick-reference checklists, high-yield explanations, and case examples throughout, making it both a foundational reference and a go-to resource for all health professions educators and researchers who use surveys. - Provides a detailed and practical discussion of the steps in survey methodology, along with just enough theory to inform common decisions. - Includes numerous real-world examples, both simple and complex, covering the wide range of problems researchers are likely to face. - Addresses issues of survey fatigue and addresses the challenge of how to get "good data." - Features "Voice of Experience" boxes—pearls based on authors' actual experiences. - Concludes each chapter with a checklist so readers can quickly ensure they have covered every necessary step of survey design and implementation. - Contains a convenient glossary of terms. - Offers guidance from expert international contributors in medical and health professions research. - Summarizes the most current standards and understanding of survey research so that experienced and novice researchers alike can directly apply content to improve research rigor.

Real Options in Theory and Practice

2009-07-16
Real Options in Theory and Practice

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  • Author: Graeme Guthrie
  • Publisher: Oxford University Press
  • ISBN: 019993908X
  • Category : Business & Economics
  • Languages : en
  • Pages : 433

Decision-makers in business and economics face a staggering array of problems. For example, managers of growing firms have to decide when to expand their business, governments have to decide whether to undertake large infrastructure investments, and managers of oil firms must decide how rapidly to deplete their reserves. While these problems seem quite diverse, they all share many important features. In each case, the decision-maker must choose when to take a particular action that will be potentially impossible to reverse, and the consequences of taking (or not taking) that action are uncertain. Also, the timing and nature of these actions directly affect the cash flows generated by the entities they manage. This book explains how techniques originally developed to price financial derivatives can be used to analyze real-world decisions, and provides the tools necessary to put them into practice. The real options analysis approach to decision-making is built on strong theoretical foundations, and is widely discussed in practitioner literature, but often only at a fairly intuitive level. What practitioners need-and what this book delivers-is a structured approach to systematically applying real options analysis to the wide variety of problems they will meet in business and economics. Real Options in Theory and Practice focuses on building up a general approach to solving real options problems from the ground up. Rather than aiming to build a "black box" to solve a small set of standardized real options problems, it describes the building blocks of any successful real options analysis and shows how they can be assembled in a way that is appropriate to the problem being analyzed. For both practitioners and academics, Real Options in Theory and Practice will serve as an authoritative and invaluable resource for those looking for effective and practical solutions to complex, real-life problems.

Security Analysis: Fifth Edition

1988-01-22
Security Analysis: Fifth Edition

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  • Author: Roger F. Murray
  • Publisher: McGraw-Hill Education
  • ISBN: 9780070132351
  • Category : Business & Economics
  • Languages : en
  • Pages : 658

Since its publication,Security Analysis by Graham and Dodd has been the investment bible and has sold more than 750,000 copies. Now the fifth edition of this classic updates the application of the Graham and Dodd valuation approach for today's greatly changed investment environment. This edition brings the Graham and Dodd approach up to date with the changes that have occurred since the last edition was published--changes in investment practices and regulation, several new tax laws, the explosion of new accounting and financial reporting rules, persistent inflation in capital markets, new investment instruments, and more. Maintaining the high standards of prior editions, Security Analysis puts at your fingertips the authoritative guidance on analyzing securities that generations of users have come to rely on. Here in clear, easy-to-use explanations you'll find the tools of financial statement analysis--from the investor's viewpoint and with an investor's notion of income and capital maintenance--that have enabled value investors to keep the edge in a highly competitive market. The book provides the principles and techniques to measure asset values and cash flows so that you can sharpen your judgments of company earnings, refresh your insight into what individual companies are worth, and evaluate how much debt a leveraged company can service. You'll find practical guidance to make better investment decisions whether you're a security analyst, portfolio manager, broker/dealer, investment banker, credit officer, or a serious individual investor. Heavily illustrated with examples taken from real companies, Security Analysis, Fifth Edition, is an investment book like no other for investors who aspire to the highest investment accomplishments.

Basic Methods of Policy Analysis and Planning

2015-08-26
Basic Methods of Policy Analysis and Planning

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  • Author: Carl Patton
  • Publisher: Routledge
  • ISBN: 1317350006
  • Category : Political Science
  • Languages : en
  • Pages : 481

Updated in its 3rd edition, Basic Methods of Policy Analysis and Planning presents quickly applied methods for analyzing and resolving planning and policy issues at state, regional, and urban levels. Divided into two parts, Methods which presents quick methods in nine chapters and is organized around the steps in the policy analysis process, and Cases which presents seven policy cases, ranging in degree of complexity, the text provides readers with the resources they need for effective policy planning and analysis. Quantitative and qualitative methods are systematically combined to address policy dilemmas and urban planning problems. Readers and analysts utilizing this text gain comprehensive skills and background needed to impact public policy.

Climate and Social Stress

2013-02-14
Climate and Social Stress

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  • Author: National Research Council
  • Publisher: National Academies Press
  • ISBN: 0309278562
  • Category : Science
  • Languages : en
  • Pages : 253

Climate change can reasonably be expected to increase the frequency and intensity of a variety of potentially disruptive environmental events-slowly at first, but then more quickly. It is prudent to expect to be surprised by the way in which these events may cascade, or have far-reaching effects. During the coming decade, certain climate-related events will produce consequences that exceed the capacity of the affected societies or global systems to manage; these may have global security implications. Although focused on events outside the United States, Climate and Social Stress: Implications for Security Analysis recommends a range of research and policy actions to create a whole-of-government approach to increasing understanding of complex and contingent connections between climate and security, and to inform choices about adapting to and reducing vulnerability to climate change.