书目

Value Investing：From Graham to Buffett and Beyond

内容简介

DescribedbytheNewYorkTimesasthe"gurutoWallStreet'sgurus,"BruceGreenwaldisaleadingauthorityonvalueinvesting.Hiscoursesandseminarsonthesubjecthavedrawnsomeofthesavviestpeopleintheinvestmentworld.Now,alongwithsomecolleagues,Greenwaldrevealsthefundamentalprinciplesthathavemadevalueinvestingoneofthemostconsistentlyprofitableinvestmenttechniques.Inaninvestmentworldfrequentlyblindedbyexcessiveoptimism,short-termspeculation,andotherpracticesrangingfromunsoundtodownrightshady,valueinvestingremainsareliabledisciplineevenasitmovesintoanewcentury.BuiltontheworksofBenjaminGraham,thefatherofsecurityanalysis,valueinvestingisbasedonthepremisethattheunderlyingvalueofafinancialsecurityismeasurableandstable,eventhoughthemarketpricefluctuateswidely.Thecoreofvalueinvestingistobuysecuritieswhentheirmarketpricesaresignificantlybelowtheirintrinsicvalues.Grahamcalledthegapbetweenpriceandvaluethe"marginofsafety."Alargemarginofsafetybothincreasesthepotentialreturnandreducestheriskofloss.

作者简介

BRUCEC.N.GREENWALDistheRobertHeilbrunnProfessorofFinanceandAssetManagementatColumbiaUniversityGraduateSchoolofBusiness.JUDDKAHNhastaughthistory,servedincitygovernment,andworkedasasecuritiesanalyst,aCFO,andamanagementconsultant.HehasaPhDinhistoryfromtheUniversityofCalifornia,Berkeley.PAULD.SONKINistheinvestmentmanageroftheHummingbirdValueFund.HehasworkedattheSEC,GoldmanSachs,RoyceFunds,andFirstManhattanCompany.HeholdsanMBAfromColumbia.MICHAELvanBIEMAisamemberofthefinancefacultyofColumbiaBusinessSchool.PriortojoiningthefacultyofColumbia,hewasaprincipalattheRONINCorporation,amanagementconsultingfirm,andthecofounderofseveraltechnologycompanies.HehasaPhDfromColumbiaincomputerscience.

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