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Zusatztext "The book has a lot and I recommend it. It is remarkably well written for a book on finance and! perhaps most importantly! easily comprehensible."(Investment Adviser! 22 January 2001) Informationen zum Autor 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. Klappentext Die hier vorgestellte Methode des 'Value Investing' (Investitionsentscheidungen nach der Wertanalyse) löst die traditionelle Praxis übertriebener Preisbeobachtungen ab. Die moderne Unternehmensbewertung wird von einem echten Value-Investor vorgestellt, der bekannt ist für seine Treffsicherheit beim Kauf von unterbewerteten Unternehmen, die er später wieder mit beträchtlichem Gewinn verkauft. "Value Investing" zeigt Ihnen, wie Sie von der Informationsvielfalt profitieren, z.B. von Fusionen und Akquisitionen und Unternehmens- oder öffentlichen Finanzierungen. Whitman definiert die grundlegenden Faktoren, die den Unternehmenswert und ganze Märkte beeinflussen können und befürwortet die Abkehr von der herkömmlichen Analyse der Preisbewegungen und kurzfristigen Handelszielen. Zusammenfassung "An excellent book in 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. Inhaltsverzeichnis DIFFERENT APPROACHES TO THE INVESTMENT PROCESS. What is Value Investing? Academic Finance: Efficient Market Hypothesis and Efficient Portfolio Theory. Graham and Dodd Fundamentalism. Broker-Dealer Research Departments and Conventional Money Managers. REAL-WORLD CONSIDERATIONS. Corporate Valuation. The Substantive Characteristics of Securties. Capital Structure. Promoters' and Professionals' Compensations. Uses and Limitations of Financial Accounting. Uses and Limitations of Narrative Disclosures. Semantics Counts. RESOURCE CONVERSION. A Simplified Example. Acquiring Securities in Bulk. Restructuring Troubled Companies. Other Resource Conversion Topics. Epilogue: The Values of Value Investing. Index....
Sommario
DIFFERENT APPROACHES TO THE INVESTMENT PROCESS.
What is Value Investing?
Academic Finance: Efficient Market Hypothesis and Efficient Portfolio Theory.
Graham and Dodd Fundamentalism.
Broker-Dealer Research Departments and Conventional Money Managers.
REAL-WORLD CONSIDERATIONS.
Corporate Valuation.
The Substantive Characteristics of Securties.
Capital Structure.
Promoters' and Professionals' Compensations.
Uses and Limitations of Financial Accounting.
Uses and Limitations of Narrative Disclosures.
Semantics Counts.
RESOURCE CONVERSION.
A Simplified Example.
Acquiring Securities in Bulk.
Restructuring Troubled Companies.
Other Resource Conversion Topics.
Epilogue: The Values of Value Investing.
Index.
Relazione
"The book has a lot and I recommend it. It is remarkably well written for a book on finance and, perhaps most importantly, easily comprehensible."(Investment Adviser, 22 January 2001)
