Value Investing: A Balanced Approach

The value investing methodology featured in this text discards the standard practice of excessive price watching and replaces it with a bottom-up approach. Investors learn how to take full advantage of a host of real-world factors, including public policy, mergers and acquisitions, government and corporate finance. Whitman’s is a controversial attack on the practice of focusing on price movement and short-term trading, instead he identifies the fundamental factors affecting the value of companies and entire markets. This author identifies the shortcomings of the popularly applied analytical techniques, leading readers to his investment-tested conclusion that value analysis is the most accurate method. Topics covered include: valuation theory, understanding financial institutions, mergers and acquisitions, contests for corporate control, government and corporate finance, and understanding regulation and public policy.