Key Takeaway
Value investing has evolved beyond Graham's net-net cigar butts. Modern value investing combines asset valuation, earnings power analysis, and selective growth investing within a disciplined framework that always demands a margin of safety.
The Review
Columbia Business School professor Bruce Greenwald updates Benjamin Graham's value investing framework for the modern era. The book covers asset-based valuation, earnings power valuation, and growth investing within a value framework. Greenwald profiles legendary value investors including Warren Buffett, Mario Gabelli, Glenn Greenberg, and Seth Klarman, showing how each adapted Graham's principles to different market environments and investment styles. This is the academic bridge between Security Analysis and modern portfolio management.
Book Details
Value Investing: From Graham to Buffett and Beyond by Bruce C. Greenwald
Published
2001
Pages
312
Rating
4.3/5
Copies Sold
200,000+
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