A 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) Flows—both cash and earnings, 3) Long-term outlook, 4) Salable assets which can be disposed of without compromising the going concern, dynamics, 5) Resource conversions such as changes in control, mergers and acquisitions, going private, and major changes in assets or in liabilities, and 6) Access to capital. Offers the security analysis value approach Martin Whitman has used successfully since 1986 Details Whitman's unconventional approach to security analysis and offers information on the six key factors for appraising a company Contains the three most overemphasized factors used in conventional securities investing Written by Martin J. Whitman and Fernando Diz, Modern Security Analysis meets the challenge of today's marketplace by taking into account changes to regulation, market structures, instruments, and the speed and volume of trading.

One of the best books ever written on value investing and distressed securities The Aggressive Conservative Investor is a no-holds-barred presentation of one of the most successful investment strategies of all time-value investing in distressed securities/companies. With painful honesty and terrific storytelling, the authors show investors how to analyze and evaluate stocks just like controlling owners-based on the assumption that stock price rarely reflects real value. Using numerous case studies, Whitman and Shubik 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 the book was first published in 1979.

The author explains value investing and compares it to other investment disciplines.