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Product Description
This investing classic is now in paperback! Now, every investor can profit from the proven techniques of Benjamin Graham, "the most influential investment philosopher of the 20th century." - "Smart Money". For more than 60 years, savvy stock market pros like Warren Buffett have practiced Benjamin Graham's principles of value investing, the technique that ferrets out undervalued stocks and uncovers hidden winners - with minimal risk. What was once an insider's secret is now a wealth-building strategy every investor can use! In a clear, easy-to-understand style laced with entertaining stories and quotes, financial writer Janet Lowe demystifies value investing and gives you simple-to-use trading tactics that can help you reap enormous rewards. "A book whose time has come." - Richard Russell, Editor and Publisher, "Dow Theory Letters". "The best guidance possible for the investor." - Charles Brandes, Managing Director, Brandes Investment Partners and author of "Value Investing Today."
From the Back Cover
An investing classic—now in paperback! Now every investor can profit from the proven techniques of Benjamin Graham, "the most influential investment philosopher of the 20th century."—Smart Money. For more than 60 years, savvy stock market pros like Warren Buffett have practiced Benjamin Graham’s principles of value investing, the technique that ferrets out undervalued stocks and uncovers hidden winners—with minimal risk. What was once an insider’s secret is now a wealth-building strategy every investor can use! In a clear, easy-to-understand style laced with entertaining stories and quotes, financial writer Janet Lowe demystifies value investing and gives you simple-to-use trading tactics that can help you reap enormous rewards. Praise for Value Investing Made Easy: "A book whose time has come."-Richard Russell, Editor and Publisher, Dow Theory Letters. "The best guidance possible for the investor."-Charles Brandes, Managing Director, Brandes Investment Partners and author of Value Investing Today.
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First Sentence
Omaha billionaire investor Warren Buffett made this observation at the 1995 annual meeting of Berkshire Hathaway Inc., just months before he collected $2.1 billion (pretax) on the sale of Capital Cities/ABC to the Walt Disney Co., thus ensuring another spectacular annual return for his holding company. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Omaha billionaire investor Warren Buffett made this observation at the 1995 annual meeting of Berkshire Hathaway Inc., just months before he collected $2.1 billion (pretax) on the sale of Capital Cities/ABC to the Walt Disney Co., thus ensuring another spectacular annual return for his holding company. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
4 of 4 people found the following review helpful
Format:Paperback
This book reviews all the classic methods of Benjamin Graham, the Columbia University professor who taught the brilliant Warren Buffett and other superior investors what they know. It explains these things so that any one us can follow the methods. A lot of terms and words that seemed mysterious before now become pleasantly clear. If you want to invest, rather tham toss the dice in Las Vegas, read this.
4 of 4 people found the following review helpful
Format:Hardcover
Janet Lowe explains that value investing a-la Benjamin Graham is not a simple matter of following a cookbook recipe, i.e. screening stocks based on x number of factors, ratios, or other factors being met. Instead, it is a philosophy which must be applied by calculating several measurements of value which, when combined with a "margin of safety", diverse portfolio and enough time, should produce gains. My problem with "Value Investing Made Easy" is that Ms. Lowe fails to adequately explain the variables in her value formulas, repeatedly quotes other investment authors directly from their books, such as Peter Lynch out of "Beat the Street," and takes the easy way out by consistently presenting either or alternatives without recommending when to pick a particular alternative, one of which will work, the other of which will fail or not work as well, but had you chosen her other recommendation, it would have worked better.
An example of Ms. Lowe not adequately explaining the variables in her valuation ratios is her attempted application-explanation of Ben Graham's formula for intrinsic value, which is the most important measurement in the book. The formula is E(2r+8.5) x 4.4/Y with E representing earnings, r representing earnings growth, and Y representing the current yield on AAA corporate bonds. Perhaps you are asking yourself which earnings E represents, the trailing 12 months, the current years, etc. I sure did. Same thing with r, is it the percentage increase of earnings growth from the trailing 12 months to the current year? Ms. Lowe simply assigns a value for each in her example without explaining its basis.
As for quoting other authors, and investment gurus I might add, Ms. Lowe repeatedly quotes Peter Lynch directly out of "Beat the Street." If I had known this, My time would have been better spent reading "Beat the Street" again. Ms. Lowe also indirecly quotes Warren Buffet ad nauseum.
Finally, and perhaps most frustrating of all, Ms. Lowe fails to take a position on what she believes to be a winning value investment strategy or strategies, i.e. hard and fast strategies to follow based upon particular objectives or risk tolerance (Note I did not write market conditions/timing). Perhaps this was her intent since she was attempting to explain the philosopy of value investing. However, if, as a potential reader, you are seeking advice or instruction on applying a successful value approach to investing in common stocks, I would strongly advise you to turn elsewhere.
J.K.S. of Anchorage Alaska
An example of Ms. Lowe not adequately explaining the variables in her valuation ratios is her attempted application-explanation of Ben Graham's formula for intrinsic value, which is the most important measurement in the book. The formula is E(2r+8.5) x 4.4/Y with E representing earnings, r representing earnings growth, and Y representing the current yield on AAA corporate bonds. Perhaps you are asking yourself which earnings E represents, the trailing 12 months, the current years, etc. I sure did. Same thing with r, is it the percentage increase of earnings growth from the trailing 12 months to the current year? Ms. Lowe simply assigns a value for each in her example without explaining its basis.
As for quoting other authors, and investment gurus I might add, Ms. Lowe repeatedly quotes Peter Lynch directly out of "Beat the Street." If I had known this, My time would have been better spent reading "Beat the Street" again. Ms. Lowe also indirecly quotes Warren Buffet ad nauseum.
Finally, and perhaps most frustrating of all, Ms. Lowe fails to take a position on what she believes to be a winning value investment strategy or strategies, i.e. hard and fast strategies to follow based upon particular objectives or risk tolerance (Note I did not write market conditions/timing). Perhaps this was her intent since she was attempting to explain the philosopy of value investing. However, if, as a potential reader, you are seeking advice or instruction on applying a successful value approach to investing in common stocks, I would strongly advise you to turn elsewhere.
J.K.S. of Anchorage Alaska
2 of 2 people found the following review helpful
Format:Paperback
This is a more readable, easily digestable version of the Graham & Dodd classis "Security Analysis". This book is basically Benjamin Graham and Warren Buffett in a nutshell. If you don't already own it, buy it.
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Most Recent Customer Reviews
Value Investing in Simple English
Hardcore value investors do not find this book useful because it is a shorter remake of the original version, Security Analysis by Graham and Dodd. Read more
Published on 15 Nov 2009 by Mariusz Skonieczny
Book in excellent condition
This book took a little while to arrive, maybe two-three weeks (dispatched form USA so understandable)but it is in excellent condition and I'm very happy with my purchase. Read more
Published on 27 Oct 2009 by Patrick Dempsey
Overly Simplistic View of a Complex Strategy
This is one of the most useless books on the topic. If you know nothing about investing, it may be perfect, but I found it to be overly simplistic and elementary. Read more
Published on 2 Feb 1999
Easy to read...
The title of the book says it all. It may not be the best book for value investing, but it is the best one for getting started. Very easy to read. Read more
Published on 24 May 1998
Good Straightforward Treatment of Value Investing
Not only makes a good argument for value investing but also includes clear step-by-step explanations of how to go about picking stocks based on Graham's criteria. Read more
Published on 28 July 1997
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