"The Aggressive Conservative Investor will never go out of date.
Regulation, disclosure, and other things may change, but the
general approach and mindset to successful investing are timeless.
Read this book and you will learn the rudiments of 'safe and cheap'
investing. An essential read for every amateur and professional
investor."
--Stan Garstka, Deputy Dean & Professor in the Practice of
Faculty & Management, Yale School of Management
"Security analysis toward both better odds and higher long-term
payoff: A readable, authoritative guide."
--Professor Bill Baumol, New York University
"In reading this book, one is struck by the simplicity of the
ideas and the dependence of the investor on his own understandings
of reality as opposed to the myths on the street. The updated
version of this 1979 classic incorporates all the modern financial
engineering that has occurred as a product of the late 20th
century, and the new methodologies refine your abilities to measure
risk but don't change the fundamentals of value. The updated
version of The Aggressive Conservative Investor is very much a
value-added proposition."
--Sam Zell, Chairman, Equity Group Investment LLC
"I concur with those people who regard Marty Whitman as the
'Dean of Value Investing.' This book is a must-read for everyone
interested in understanding the art of investing."
--Melvin T. Stith, Dean, Whitman School of Management, Syracuse
University
This no-holds-barred presentation of one of the most successful
investment strategies of all time -- value investing in distressed
securities/companie -- shows you how to analyze and evaluate stocks
just like controlling owners. Based on the assumption that stock
price rarely reflects real value, authors Whitman and Shubik use
numerous case studies to 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 its first
publication in 1979.
