Customer Reviews

A Modern Approach to Graham and Dodd Investing (Wiley Finance)

5 star:		(2)
4 star:		(0)
3 star:		(1)
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1 star:		(1)

 

 

Benjamin Graham and David Dodd literally wrote the book (the classic Security Analysis, 1940) on value investing. Warren Buffett followed their advice, which helped make him a household name. But Graham and Dodd devised their investing approach in the 1930s and, obviously, the markets have changed. Investors face different accounting requirements, international investments and non-equity alternatives to traditional corporate stocks. Author Thomas P. Au has undertaken to update the vintage Graham and Dodd approach and, by using numerous examples and explanations, to make it relevant to today's markets. The basic emphasis on value remains, but he has adapted it to suit a faster, more complex investment world than the old masters ever imagined. We think that they would have approved of Au's clear, lucid, well-organized book, which is highly recommended for investors.

I thought the book was pretty good in relating Graham and Dodd concepts to modern investing. The author's writing style doesn't keep the reader's attention for prolonged periods of time. I think there are better books out there, specifically Katsenelson's "Active Value Investing"

I highly recommend this book. The author does an outstanding job of explaining the value investing strategy and applying it to today's markets.

Want to master the investment techniques of Graham & Dodd ?
Buy something else.
Very poorly written. Concepts are vagues and opinion driven.

The best Graham's advice about this book would have been.... SELL it!!