securities
With a focus on value investing, this book is full of useful discussions of such topics as creditworthiness, market efficiency, diversification, and financial accounting. It is primarily aimed at investors interested less in trying to predict near-term earnings and the temporal movements of stock prices than in management’s ability to maximize the value of corporate assets.
This book provides a valuable contribution to the industry literature on value investing. It is well written, well organized, and quite enjoyable. It should be read by all investors who are seriously interested in enhancing their understanding of this important field.
As the Roman epic poet Virgil wrote in the Aeneid, “Fortune favors the brave.” For investors who live by this creed, complex credit assets and structured investments — once the scourge of global financial markets — are beginning to regain… READ MORE ›