AnyBook4Less.com	Find the Best Price on the Web Order from a Major Online Bookstore
Home  |  Store List  |  FAQ  |  Contact Us  |
Shop online for contact lenses. Save up to 70%!
Ultimate Book Price Comparison Engine Save Your Time And Money Keyword AuthorISBN

Title: Value Investing Made Easy: Benjamin Graham's Classic Investment Strategy Explained for Everyone by Janet C. Lowe, Irving Kahn ISBN: 0070388644 Publisher: McGraw-Hill Trade Pub. Date: 01 November, 1997 Format: Paperback Volumes: 1 List Price(USD): $14.95

Your Country USA Canada United Kingdom Currency AutoUSD CAD GBP Delivery Only cheapest delivery All delivery options Include Used Books Are you a club member of: Barnes and Noble Books A Million Chapters.Indigo.ca

Average Customer Rating: 3.5

Rating: 5
Summary: Professional Investing, Easy to Grasp
Comment: 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.

Rating: 4
Summary: Value Investing Demystified?
Comment: Intended as a more digestible and accessible version of the teachings of the brilliant Benjamin Graham and his associate David Dodd, Ms Lowe expertly cuts a delicate path between writing, on one hand an overly simplistic overview and on the other an unneccessarily rigorous text book.

Although this Book is more theory than practice and certainly more Art than Science it nevertheless affords the Novice to Intermediate Investor an excellent interpretation of the thinking behind/and the implementation of Value Investment in the Stockmarket,a technique that rewarded it's true Practioners handsomely over the years throughout widely differing market conditions.All of Benjamin Graham's Stock Market Investment tenets,such as The Margin Of Safety, Intrinsic Value,the avoidance of speculation,the preservation of Capital,the need to think and act independently of the crowd,to build an extra margin of safety into estimates by using conservative figures etc,etc are clearly and vibrantly related to the Reader.

Janet Lowe adds value through the use of real life Companies as examples and each chapters comes with several very useful "sturdy pillars" or quotations from Ben Graham to elucidate the central thrust of the particular passage concerned.

Although well written and carefully researched I have some small gripes in that some of the mathematical formula are not that clear but that should not deter potential readers from buying this Book.Furthermore if Buyers are expecting the Book to explain how to calculate a useful range of current intrinsic values for a stock or answer questions such as "at the current price what growth rate is the Stock Market discounting for this Company" using simple fundamental analysis then they will be disappointed(for this purpose I would recommend the excellent "The Vest Pocket Guide To Vale Investing by C.Thomas Howard,ISBN 0-7931-1728-3)

More humourously, in these more politically correct times, Ben Graham's advice for Women to buy there Stocks as if they were buying their Groceries rather than their Perfume is admonished as being sexist.I wonder if Ben Graham had advised Men to buy there Stocks as if they were buying Gardening Equipment and not aftershave have received the same treatment?I don't think so!

However ,in conclusion, I feel this Book will serve as an invaluable guide for the ordinary Investor looking for a time tested and proven technique who is willing to exercise both patience and discipline

Perhaps Value Investing "demystified" rather than "made easy" would have been a better title.Nevertheless I feel that Ben Graham would have approved.

Rating: 4
Summary: Excellent all around introduction
Comment: Some reviewers criticize Lowe, claiming 1) the book is too simple, 2) she simply quotes people like Buffet, Graham and Lynch, and 3) she doesn't explain her calculations enough. I disagree on all counts! You really should take a look at this book; it's an excellent all around introduction.

1. Is the book too simple? No, it's supposed to be simple. Lowe herself explains in the title, and in the preface, that this book is meant to be ``Graham and Dodd made easy''. She did a good job; that's just what the book is. After you read this book, you should think about moving on to Graham and Dodd--but this book is a good start.

2. What's wrong with quoting successful folks like Buffet, Graham and Lynch? Remember, this book is ``Graham and Dodd made easy'', so it's bound to contain lots of references to Graham and Dodd. Naturally, it also contains quotes from Graham's most successful disciple, Warren Buffet. The quotes are well chosen, so Lowe has done us a service. She has distilled the wisdom of the master.

3. Should Lowe make recommendations, like ``use this formula; don't use that one''? I don't think so. The problem with value investing is that no one formula perfectly captures business worth. If there were a simple formula, then everyone would be a millionaire. The fact is that you need to know several different ways of looking at company value. Each way is reasonable. Your personality, viewpoint and tolerance for uncertainty decides how you weight these different variables. However you do it, you will be exactly as successful as you are careful and businesslike.

So all around, I think this book is an excellent introduction to value investing. It captures the spirit of great investors, while remaining readable and clear. Well worth your time.

Similar Books:

	Title: The Interpretation of Financial Statements by Benjamin O. Graham, Spencer B. Meredith, Michael F. Price ISBN: 0887309135 Publisher: HarperBusiness Pub. Date: 15 January, 1998 List Price(USD): $30.00
	Title: Security Analysis: The Classic 1934 Edition by Benjamin Graham, David L. Dodd ISBN: 0070244960 Publisher: McGraw-Hill Trade Pub. Date: 01 October, 1996 List Price(USD): $50.00
	Title: Value Investing: From Graham to Buffett and Beyond by Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin, Michael van Biema ISBN: 0471381985 Publisher: John Wiley & Sons Pub. Date: 31 May, 2001 List Price(USD): $49.95
	Title: Wall Street On Sale by Timothy P. Vick ISBN: 0071342052 Publisher: McGraw-Hill Trade Pub. Date: 31 December, 1998 List Price(USD): $22.95
	Title: Value Investing Today by Charles H. Brandes ISBN: 007007190X Publisher: McGraw-Hill Trade Pub. Date: 01 September, 1997 List Price(USD): $29.95