The Aggressive Conservative Investor

Name: The Aggressive Conservative Investor
Brand: Ascent Audio
Availability: InStock
Author: Martin Shubik
ISBN: 9781663706799

Author: Martin Shubik, Martin J. Whitman, Gene Isenberg

Series: Wiley Investment Classics #30

Narrator: Paul Neal Rohrer

Unabridged: 8 hr 55 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 07/20/2020

Categories: Nonfiction, Business & Economics, Finance

Includes: Bonus Material Bonus Material Included

Synopsis

The Aggressive Conservative Investor is a highly readable, no holds barred presentation of one of the most successful investment strategies. With painful honesty and terrific story-telling distressed investing and value legend Martin Whitman shows investors how to analyze and evaluate stocks just like controlling owners, the assumption being that the stock price rarely reflects the true value of the business (Lampert did this with Kmart when he analyzed the company's real estate portfolio to uncover more value than the company's revenues seemed to indicate). Illuminated by numerous case studies, Whitman and Shubik present risk-minimizing methods that also provide high reward if applied correctly. The long-term performance of Third Avenue Value Fund speaks for the success of the strategy with total returns of over 850% since 1990, and average annual returns of over 15%.

Reviews

Goodreads review by Terry on July 10, 2014

The Aggressive Conservative Investor focuses exclusively on value investing....specifically in distressed securities, which is a different approach than Warren Buffet's value strategy. The authors, writing in the 1970's, take an analytical approach to value and also assesses value as if you were a c......more

Goodreads review by Matthew on December 08, 2010

Not the most readable text, but quite consistently thought provoking. The authors challenge a few tenets of the Graham-Dodd value investing approach -- such as the assumption that companies are going concerns -- and also distance themselves from the Berkshire Buffett's ROIC approach which depends a......more

Goodreads review by Brian on October 18, 2012

A masterpiece and opened a whole new way for value investing. One of the authors, Martin Whitman recently retired from his Third Avenue fund after working as portfolio manager for more than 20 years. His result is definitely impressive, his mutual fund with no leverage achieved annualized return of......more

Goodreads review by Trung on February 11, 2017

Good. Lots of practical info knowledge but can be a bit dry.......more

Goodreads review by JC on October 30, 2018

Respect the author and his intentions but not an easily flowing book.......more