(Mobile pdf) Modern Security Analysis: Understanding Wall Street Fundamentals (Wiley Finance)






#967787 in eBooks 2013-05-02 2013-05-02File Name: B00CNDTNR8

2 of 2 people found the following review helpful. A must read for stock investors and those interested in investingBy Victor Lee BurkeThis is Whitman's magnum opus. It summarizes, updates, and expands Whitman's thought that he has been developing for years (decades?). This book is probably over the head of a beginner so if you are trying to get your fellow home-gamer to break into investing do not gift this book to him or her. If you are already a sophisticated investor you will still need tldquo;Modern Security Analysis is full of useful discussions of such standard topics as creditworthiness, market efficiency, diversification, and financial accounting. But it also includes descriptions of more controversial ideas about the overriding importance of tangible net asset value, the shoA legendary value investor on security analysis for a modern era This book outlines Whitman's approach to business and security analysis that departs from most conventional security analysts. This approach has more in common with corporate finance than it does with the conventional approach. The key factors in appraising a company and its securities: 1) Credit worthiness, 2) Flowsmdash;both cash and earnings, 3) Long-term outlook, 4) Salable assets which can be disposed of without compromising ...


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