Value investing is the one investment technique that has proven itself consistently over time. It is the method that everyone returns to in the hard times and has time and again produced extraordinary returns for investors in both good and bad markets. In Value Investing: From Graham to Buffett and Beyond, the authors enrich the discipline by exploring its history, explaining its underlying principles, and setting guidelines for its successful application. The book covers such indispensable issues as where to look for underpriced securities, how to determine the intrinsic value of a stock and alternative methods for constructing a portfolio that controls risk without restricting investment returns.
Bruce C.N. Greenwald is the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University and teaches the same Value Investing course at Columbia University that was originally started by Benjamin Graham.