The Aggressive Conservative Investor

"TheAggressiveConservativeInvestorwillnevergooutofdate.Regulation,disclosure,andotherthingsmaychange,butthegeneralapproachandmindsettosuccessfulinvestingaretimeless.Readthisbookandyouwilllearntherudimentsof'safeandcheap'investing.Anessentialreadforeveryamateurandprofessionalinvestor."--StanGarstka,DeputyDean&ProfessorinthePracticeofFaculty&Management,YaleSchoolofManagement"Securityanalysistowardbothbetteroddsandhigherlong-termpayoff:Areadable,authoritativeguide."--ProfessorBillBaumol,NewYorkUniversity"Inreadingthisbook,oneisstruckbythesimplicityoftheideasandthedependenceoftheinvestoronhisownunderstandingsofrealityasopposedtothemythsonthestreet.Theupdatedversionofthis1979classicincorporatesallthemodernfinancialengineeringthathasoccurredasaproductofthelate20thcentury,andthenewmethodologiesrefineyourabilitiestomeasureriskbutdon'tchangethefundamentalsofvalue.TheupdatedversionofTheAggressiveConservativeInvestorisverymuchavalue-addedproposition."--SamZell,Chairman,EquityGroupInvestmentLLC"IconcurwiththosepeoplewhoregardMartyWhitmanasthe'DeanofValueInvesting.'Thisbookisamust-readforeveryoneinterestedinunderstandingtheartofinvesting."--MelvinT.Stith,Dean,WhitmanSchoolofManagement,SyracuseUniversityThisno-holds-barredpresentationofoneofthemostsuccessfulinvestmentstrategiesofalltime--valueinvestingindistressedsecurities/companie--showsyouhowtoanalyzeandevaluatestocksjustlikecontrollingowners.Basedontheassumptionthatstockpricerarelyreflectsrealvalue,authorsWhitmanandShubikusenumerouscasestudiestopresentrisk-minimizingmethodsthatalsoprovidehighrewards.Stillrelevanttoday,thisclassicworkincludesanewintroductiondiscussingthedramaticchangesthathavetakenplaceinthevalueinvestingworldsinceitsfirstpublicationin1979.