The Aggressive Conservative Investor

"The Aggressive Conservative Investor will never go out of date.Regulation, disclosure, and other things may change, but thegeneral approach and mindset to successful investing are timeless.Read this book and you will learn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 professionalinvestor." --Stan Garstka, Deputy Dean & Professor in the Practice ofFaculty & Management, Yale School of Management "Security analysis toward both better odds and higher long-termpayoff: A readable, authoritative guide." --Professor Bill Baumol, New York University "In reading this book, one is struck by the simplicity of theideas and the dependence of the investor on his own understandingsof reality as opposed to the myths on the street. The updatedversion of this 1979 classic incorporates all the modern financialengineering that has occurred as a product of the late 20thcentury, and the new methodologies refine your abilities to measurerisk but don't change the fundamentals of value. The updatedversion of The Aggressive Conservative Investor is very much avalue-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 everyoneinterested in understanding the art of investing." --Melvin T. Stith, Dean, Whitman School of Management, SyracuseUniversity This no-holds-barred presentation of one of the most successfulinvestment strategies of all time -- value investing in distressedsecurities/companie -- shows you how to analyze and evaluate stocksjust like controlling owners. Based on the assumption that stockprice rarely reflects real value, authors Whitman and Shubik usenumerous case studies to present risk-minimizing methods that alsoprovide high rewards. Still relevant today, this classic workincludes a new introduction discussing the dramatic changes thathave taken place in the value investing world since its firstpublication in 1979.