The Aggressive Conservative Investor

  • Title: The Aggressive Conservative Investor
  • Author: Martin J. Whitman Martin Shubik
  • ISBN: 9780471768050
  • Page: 211
  • Format: Paperback
  • The Aggressive Conservative Investor The Aggressive Conservative Investor will never go out of date Regulation disclosure and other things may change but the general approach and mindset to successful investing are timeless Read this
    The Aggressive Conservative Investor will never go out of date Regulation, disclosure, and other things may change, but the general approach and mindset to successful investing are timeless Read this book and you will learn the rudiments of safe and cheap investing An essential read for every amateur and professional investor Stan Garstka, Deputy Dean Profe The Aggressive Conservative Investor will never go out of date Regulation, disclosure, and other things may change, but the general approach and mindset to successful investing are timeless Read this book and you will learn the rudiments of safe and cheap investing An essential read for every amateur and professional investor Stan Garstka, Deputy Dean Professor in the Practice of Faculty Management, Yale School of Management Security analysis toward both better odds and higher long term payoff A readable, authoritative guide Professor Bill Baumol, New York University In reading this book, one is struck by the simplicity of the ideas and the dependence of the investor on his own understandings of reality as opposed to the myths on the street The updated version of this 1979 classic incorporates all the modern financial engineering that has occurred as a product of the late 20th century, and the new methodologies refine your abilities to measure risk but don t change the fundamentals of value The updated version of The Aggressive Conservative Investor is very much a value added proposition Sam Zell, Chairman, Equity Group Investment LLC I concur with those people who regard Marty Whitman as the Dean of Value Investing This book is a must read for everyone interested in understanding the art of investing Melvin T Stith, Dean, Whitman School of Management, Syracuse UniversityThis no holds barred presentation of one of the most successful investment strategies of all time value investing in distressed securities companie shows you how to analyze and evaluate stocks just like controlling owners Based on the assumption that stock price rarely reflects real value, authors Whitman and Shubik use numerous case studies to present risk minimizing methods that also provide high rewards Still relevant today, this classic work includes a new introduction discussing the dramatic changes that have taken place in the value investing world since its first publication in 1979.

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    About Martin J. Whitman Martin Shubik


    1. Martin J. Whitman Martin Shubik Is a well-known author, some of his books are a fascination for readers like in the The Aggressive Conservative Investor book, this is one of the most wanted Martin J. Whitman Martin Shubik author readers around the world.


    664 Comments


    1. Not the most readable text, but quite consistently thought provoking. The authors challenge a few tenets of the Graham-Dodd value investing approach -- such as the assumption that companies are going concerns -- and also distance themselves from the Berkshire Buffett's ROIC approach which depends a lot on control of the target company. At the very least it is more intelligent than any of Lynch's rather awful books. What I like is how Whitman and Shubik approach the topic almost as philosophers - [...]

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    2. The Aggressive Conservative Investor focuses exclusively on value investing.specifically in distressed securities, which is a different approach than Warren Buffet's value strategy. The authors, writing in the 1970's, take an analytical approach to value and also assesses value as if you were a controlling owner. The approach is sound and the fundamentals are well-defined. The authors are undoubtedly intelligent.highly intelligent actually. However, the book is dry.a tough read. I always judge a [...]

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    3. Marty's a smart guy, maybe a little too smart for his own good.Valid criticisms of GAAP and an interesting reflection that Graham & Dodd last published Security Analysis before the "disclosure revolution" as Marty calls it He's totally right about that. Even reading about how difficult is was to get information back then (pay $10 to get a paper annual report, are you serious?!?), and then that apparently was a lot better than Graham & Dodd days is an interesting point - I'm not 100% sure [...]

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    4. A masterpiece and opened a whole new way for value investing. One of the authors, Martin Whitman recently retired from his Third Avenue fund after working as portfolio manager for more than 20 years. His result is definitely impressive, his mutual fund with no leverage achieved annualized return of 11.88% vs 9.26% for S&P 500 from 1990 to end of Feb 2012. His main investment philosophy consists of investing like a control investor instead of passive investor, performing in-depth bottom up re [...]

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    5. I heard about Martin Whitman in my previous readings on Value Investing. This video on wealthtrack here and others triggered my curiosity to learn more. Indeed the principles of value investing appear clearly here. The emphasis is put on long term holding, the power of compounded interests, healthy balance sheets, management's integrity and a focus on the notes section of the financial statements. Just a couple of drawbacks though. First, as other reviews have said before me, the writing style i [...]

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    6. Good. Lots of practical info knowledge but can be a bit dry.

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    7. A dry but generally on-base defense of value investing. The 4 tenets say it all!1. Strong financial position2. Reasonably honest management3. Reasonably transparent disclosure4. Price below reasonably estimate of fair valueNothing new or earth-shattering but a sensible approach to investing, complete with case studies, that would do a lot of people a lot of good if they could follow it.

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    8. A good book for someone who already has a value investing style or is interested in fundamental analysis. Subtle analysis of what constitutes appropriate investments for various types of investors, EPS versus book value, insider vs. outsider conflict of interest, etc.

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    9. This is truly an investment classic. Though it was published in 1979, it sounds so meaningful even today. Very practical approach to understanding the investment climate and challenges. Must read!

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    10. Great bookwill need to go through it again to understand all of it, though, because I'm new to a lot of the accounting stuff. The investing & corporate finance part was extraordinarily accessible.

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