{"product_id":"a-modern-approach-to-graham-and-dodd-investing-9780471584155","title":"A Modern Approach to Graham and Dodd Investing","description":"\u003cp\u003e • Author(s): Thomas P. Au\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Investments \u0026amp; Securities - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eBenjamin Graham and David Dodd were among the first investors to make the transition from thinking like traders to thinking like owners. In the shadow of the 1929 stock market crash, they posed a set of questions that are still applicable today: What would a reasonable businessperson, as opposed to a speculator, pay for a company and still considerthat he or she was getting a bargain? What entry price would almost guarantee at least an eventual return of capital with good prospect for gains? Could a prudent investor reasonably allow for a margin of safety in his or her purchase?\u003c\/p\u003e \u003cp\u003eAlthough the questions have remained the same, the ways to answer them have changed. \u003ci\u003eA Modern Approach\u003c\/i\u003e to Graham and Dodd Investing examines the classic Graham and Dodd approach to valuation and updates it for the twenty-first century. Thomas Au, a portfolio manager with a leading insurance company and ex-Value Line analyst, reworks the basics of value investing from net present value, financial statement analysis, and return on capital to return and leverage, asset allocation, and diversification. \u003c\/p\u003e\u003cp\u003eBefore learning about the modifications to Graham and Dodd's principles of value investing, you'll be introduced to some basic investment concepts and mathematical measures forthe calculation of investment returns. From there--although the focus of the book is on stocks--you'll first become familiar with bonds, because an understanding of the risk and return characteristics for bonds underpins an understanding of those for equities. \u003c\/p\u003e\u003cp\u003eRecent examples, including Enron and WorldCom, are introduced throughout these pages, to illustrate exactly how you can use this updated approach to your advantage. Topics -explored in this comprehensive book, include: \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart I: \u003c\/b\u003e Basic Concepts \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart II: \u003c\/b\u003e Fixed Income Evaluation--bills, notes, bonds \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart III: \u003c\/b\u003e Equity Evaluation--cash flows, capital expenditures, asset value, dividends, -earnings \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart IV: \u003c\/b\u003e Special Vehicles for Investment--mutual funds, international investing, real estate \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart V: \u003c\/b\u003e Portfolio Management--asset allocation, modern theories vs. Graham and Dodd\u003cbr\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePart VI: \u003c\/b\u003e Some Contemporary Issues--the Dow, excessive credit creation, generational -cycles in the American stock market \u003c\/p\u003e\u003cp\u003e\u003ci\u003eA Modem Approach to Graham and Dodd Investing\u003c\/i\u003e examines the changes that have taken place in the financial world since the days of Graham and Dodd, and reveals the necessary modifications you must make in order to apply these value investing principles in today's markets. Filled with in-depth insight and practical advice, this valuable resource offers an updated form of Graham and Dodd that will help you face today's market realities.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45112851660951,"sku":"9780471584155","price":5848.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780471584155.webp?v=1767267750","url":"https:\/\/atlanticbooks.com\/products\/a-modern-approach-to-graham-and-dodd-investing-9780471584155","provider":"Atlantic Books","version":"1.0","type":"link"}