Australasia's Biggest Online Store

We won't be beaten by anyone. Guaranteed

The Aggressive Conservative Investor

"The Aggressive Conservative Investor will never go out of date. Regulation, disclosure, and other things may change, but the general approach and mindset to successful investing are timeless. Read this book and you will learn the rudiments of 'safe and cheap' investing. An essential read for every amateur and professional investor." --Stan Garstka, Deputy Dean & Professor in the Practice of Faculty & Management, Yale School of Management "Security analysis toward both better odds and higher long-term payoff: A readable, authoritative guide." --Professor Bill Baumol, New York University "In reading this book, one is struck by the simplicity of the ideas and the dependence of the investor on his own understandings of reality as opposed to the myths on the street. The updated version of this 1979 classic incorporates all the modern financial engineering that has occurred as a product of the late 20th century, and the new methodologies refine your abilities to measure risk but don't change the fundamentals of value. The updated version of The Aggressive Conservative Investor is very much a value-added proposition." --Sam Zell, Chairman, Equity Group Investment LLC "I concur with those people who regard Marty Whitman as the 'Dean of Value Investing.' This book is a must-read for everyone interested in understanding the art of investing." --Melvin T. Stith, Dean, Whitman School of Management, Syracuse University This no-holds-barred presentation of one of the most successful investment strategies of all time -- value investing in distressed securities/companie -- shows you how to analyze and evaluate stocks just like controlling owners. Based on the assumption that stock price rarely reflects real value, authors Whitman and Shubik use numerous case studies to present risk-minimizing methods that also provide high rewards. Still relevant today, this classic work includes a new introduction discussing the dramatic changes that have taken place in the value investing world since its first publication in 1979.
Product Details

Table of Contents

Foreword. Preface. Section One: The Approach. 1.An Overview. 2.The Financial-Integrity Approach to Equity Investing. Section Two: The Uses and Limitations of Fundamental Analysis and Technical Analysis. 3.The Significance of Market Performance. 4.Modern Capital Theory. 5.Risk and Uncertainty. Section Three: Disclosures and Information. 6.Following the Paper Trail. 7.Financial Accounting. 8.Generally Accepted Accounting Principles. Section Four: The Financial and Investment Environment. 9.Tax Shelter (TS), Other People's Money (OPM), Accounting Fudge Factor (AFF) and Something off the Top (SOTT). 10.Securities Analysis and Securities Markets. 11.Finance and Business. Section Five: Tools of Securities Analysis. 12.Net Asset Values. 13.Earnings. 14.Roles of Cash Dividends in Securities Analysis and Portfolio Management. 15.Shareholder Distributions, Primarily from the Company Point of View. 16.Losses and Loss Companies. 17.A Short Primer on Asset-Conversion Investing: Prearbitrage and Postarbitrage. Section Six: Appendixes-Case Studies. Introduction to Appendixes I and II. I. The Use of Creative Finance to Benefit Controlling Stockholders-Schaefer Corporation. II. Creative Finance Applied to a Corporate Takeover-Leasco Data Processing Company. III. A Guide to SEC Corporate Filings-What They Are/What They Tell You (Reprinted Courtesy of Disclosure Incorporated). IV. Examples of Variables Using the Financial-Integrity Approach-Pro and Con. Index.

About the Author

Martin J. Whitman (New York, NY) is chairman, chief executive officer, and co-chief investment officer of Third Avenue Management LLC, and also manages the Third Avenue Value Fund. Mr. Whitman is chairman and CEO of M.J. Whitman, Inc., a New York-based full-service broker-dealer and serves as CEO of Danielson Holding Corporation, a Chicago-based insurance holding and trust company. Mr. Whitman received a bachelor of science from the School of Management and a master's degree in economics from the New School for Social Research. He is a chartered financial analyst. Martin Shubik (Branford, CT) is the Seymour H. Knox Professor of Mathematical Institutional Economics at Yale University. He received his B.A. and M.S. degrees in Mathematics and Political Economy from the University of Toronto, and his Ph.D. in Economics from Princeton University.

How Fishpond Works
Fishpond works with suppliers all over the world to bring you a huge selection of products, really great prices, and delivery included on over 25 million products that we sell. We do our best every day to make Fishpond an awesome place for customers to shop and get what they want — all at the best prices online.
Webmasters, Bloggers & Website Owners
You can earn a 5% commission by selling The Aggressive Conservative Investor (Wiley Investment Classics) on your website. It's easy to get started - we will give you example code. After you're set-up, your website can earn you money while you work, play or even sleep! You should start right now!
Authors / Publishers
Are you the Author or Publisher of a book? Or the manufacturer of one of the millions of products that we sell. You can improve sales and grow your revenue by submitting additional information on this title. The better the information we have about a product, the more we will sell!
Item ships from and is sold by Fishpond World Ltd.
Back to top