Cover image for A modern approach to Graham and Dodd investing
Title:
A modern approach to Graham and Dodd investing
Author:
Au, Thomas P., 1957-
Personal Author:
Publication Information:
Hoboken, N.J. : John Wiley, [2004]

©2004
Physical Description:
xiv, 335 pages : illustrations ; 24 cm
Language:
English
ISBN:
9780471584155
Format :
Book

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HG4529 .A9 2004 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

An updated approach to classic security analysis
The principles of value investing outlined by Graham and Dodd in the 1940s continues to be used today by individuals and companies who face challenging investment decisions. A Modern Approach to Graham and Dodd Investing examines the classic Graham and Dodd approach to valuation and updates it for the twenty-first century. Thomas Au, a credentialed analyst with a leading insurance company and an ex-Value Line analyst, reworks the basics of value investing from net present value, financial statement analysis, and return on capital to return and leverage, asset allocation, and diversification. Through case studies and real-time analysis, A Modern Approach to Graham and Dodd Investing presents readers with examples that will make analysis and portfolio theory more relevant and powerful.
Thomas P. Au (Hartford, CT) is a Vice President and Portfolio Manager for the investment arm of a large insurance and healthcare provider. His specialty is emerging and international markets. He received his BA, cum laude, with a double major in economics and history, from Yale University, and an MBA in finance from New York University.


Author Notes

THOMAS P. AU is a Vice President and Portfolio Manager for the investment arm of a large insurance and healthcare provider. His specialty is emerging and international markets. He has also worked for Unifund, an emerging markets firm in Geneva, Switzerland. Previously, he was an analyst for Value Line, an investment information company in New York City, serving in various capacities from 1983 to 1994. Mr. Au has received his BA, cum laude, with a double major in economics and history, from Yale University, and an MBA in finance from New York University.


Table of Contents

Preface
Part I Basic Concepts
Chapter 1 Introduction
Chapter 2 Investment Evaluations and Strategies
Part II Fixed-Income Evaluation
Chapter 3 Foundation of Fixed Income
Chapter 4 Fixed-Income Issues of Corporations
Chapter 5 Distressed Fixed Income
Part III Equity Evaluation
Chapter 6 Cash Flows and Capital Expenditures
Chapter 7 Analysis of Asset Value
Chapter 8 Some Observations on the Value of Dividends
Chapter 9 Some Warnings about the Use of Earnings in Valuation
Chapter 10 Sales Analysis
Part IV Special Vehicles for Investment
Chapter 11 A Graham and Dodd Approach to Mutual Funds
Chapter 12 A Graham and Dodd Approach to International Investing
Chapter 13 A Graham and Dodd View of Real Estate
Part V Portfolio Management
Chapter 14 The Question of Asset Allocation
Chapter 15 The Concepts of Graham and Dodd versus Modern Theories and Practices
Chapter 16 Case Studies in Graham and Dodd Investing
Chapter 17 A Real-Time Experiment
Part VI Some Contemporary Issues
Chapter 18 A Historical View of the Dow and the "Market"
Chapter 19 Some Disquieting Thoughts on Excessive Credit Creation
Chapter 20 Generational Cycles in the American Stock Market
Endnotes
Bibliography
Index