How to Think Like Benjamin Graham and Invest Like Warren Buffett / Edition 1

How to Think Like Benjamin Graham and Invest Like Warren Buffett / Edition 1

by Lawrence A. Cunningham
ISBN-10:
0071409394
ISBN-13:
9780071409391
Pub. Date:
09/20/2002
Publisher:
McGraw Hill LLC
ISBN-10:
0071409394
ISBN-13:
9780071409391
Pub. Date:
09/20/2002
Publisher:
McGraw Hill LLC
How to Think Like Benjamin Graham and Invest Like Warren Buffett / Edition 1

How to Think Like Benjamin Graham and Invest Like Warren Buffett / Edition 1

by Lawrence A. Cunningham

Paperback

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Overview

Using the ways of the best moneymakers to invest wisely

"An intelligent and thoughtful guide."­­BusinessWeek

". . . a welcome addition to the bookshelf of anyone who wants to take control of his or her financial life."­­United Press International

The bestselling hardcover edition of How to Think Like Benjamin Graham and Invest Like Warren Buffett was widely hailed for its straightforward approach to making wise investment choices. This paperback version makes these same tools and tactics available to a wider audience. Explaining how to analyze investment targets based on honest value instead of hype and mirrors, Lawrence Cunningham's top-ranked book reveals:

  • How to ask valuable questions, and demand meaningful answers
  • Market-proven methods for evaluating managers and CEOs
  • Value investing techniques that made Warren Buffett a billionaire­­and today's number one investor

Product Details

ISBN-13: 9780071409391
Publisher: McGraw Hill LLC
Publication date: 09/20/2002
Pages: 224
Sales rank: 402,144
Product dimensions: 6.00(w) x 9.00(h) x 1.00(d)

About the Author

Lawrence A. Cunningham is author of the bestselling The Essays of Warren Buffett: Lessons for Corporate America as well as a number of textbooks and supplements. As director of the Samuel and Ronnie Heyman Center on Corporate Governance at Cardozo Law School, Professor Cunningham is a leading expert in accounting, finance, and corporate governance. He has been featured in Forbes and Money, as well as on CNN and The News Hour with Jim Lehrer.

Table of Contents

Acknowledgmentix
Introduction: The Q Culturexi
Part IA Tale of Two Markets1
Chapter 1.Mr. Market's Bipolar Disorder3
Swings, Bubbles, and Crashes5
Be an Anomaly11
Barrel of Monkeys?12
Chapter 2.Prozac Market17
Obscurity17
Simplicity18
The Perfect Dream22
Tidying Up the Tale28
Chapter 3.Chaotic Market33
New Wave33
Next Wave36
Complexity46
Behavioral Finance47
Chapter 4.Amplified Volatility51
Information Volatility51
Transaction Volatility59
Trader Volatility63
Prognosis66
Chapter 5.Take the Fifth69
Who's in Charge?70
Sticking to Your Knitting71
Alchemy81
The Long Run86
Part IIShow Me the Money89
Chapter 6.Apple Trees and Experience91
Fools and Wisdom91
Horse Sense100
Chapter 7.Your Circle of Competence105
The Initial Circle106
The Nurtured Circle109
A Full Circle114
Decision Making116
Chapter 8.Recognizing Success119
Business Fuel120
Managers under the Microscope124
Bang for the Buck128
The Full Tool Chest131
Chapter 9.You Make the Call133
Assets134
Earnings138
Silver Bullets and the Margin of Safety142
Cash144
Market Circularity146
Chapter 10.Making (Up) Numbers153
Perennials153
Satire157
Charades162
Coda167
Part IIIIn Managers We Trust169
Chapter 11.Going Global171
The Two-World Story172
Illusions of Duty176
One World to Come180
Chapter 12.Rules and Trust193
The Family Manager193
Local Governance195
General Governance200
Your Voice at the Table202
Chapter 13.Directors at Work205
Hail to the Chief206
Pay207
Deals212
Capital215
Checking Up217
Chapter 14.The Fireside CEO221
Master Servants221
Action222
Lights230
Trust235
Conclusion: The V Culture243
Notes245
Index257

What People are Saying About This

J. Gottesman

Anyone desiring to be a successful investor should read this excellent book presenting the important investing principles of Graham, Buffett, Fisher, and others in a most insightful and understandable manner.
—(J. Gottesman, Chairman, First Manhattan)

David Henry

Remarkably timely. For stock players who realize they played the greatest fool in the Internet stock game, Cunningham offers a tool for rehabilitation: a guide to thoughtful investing. For earnest investors, he shows how to live profitably with the moodiness of Mr. Market.
—(David Henry, Columnist, USA Today)

Janet Lowe

Lawrence Cunningham explains, then debunks, most of today's acronyms, buzz words, and pop investing concepts. He gets down to the fundamentals that investors must know about companies in order to choose reliable winners in the stock market.
—(Janet Lowe, Author,Benjamin Graham on Value Investing and Warren Buffett Speaks )

J. Heyman

While the stock market does not always behave rationally, Larry Cunningham's well-articulated and insightful views as to value investing are a refreshing reminder that, just as night follows day, a return to the principles at the core of Cunningham's common sense approach to investing is inevitable.
—(J. Heyman, Chairman of the Board and CEO, GAF Corporation)

Alan C. Greenberg

A much-needed work on a unique style of investing, this book puts the ABCs of common sense valuation back into the business of investing. This is the place to look for insight and guidance in the age of volatile markets and colliding ideas.
—(Alan C. Greenberg, Chairman, Bear Stearns)

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