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《Applied_Value_Investing(应用价值投资)》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、PraiseforAppliedValueInvesting“Calandro’scleverapplicationofvalueinvestingprinciplestocorpo-ratedecision-makingcouldtransformhowbusinessesoperateandwhatbusinessschoolstudentsaretaught.Thisthought-provokingworktakesvalueinvestingtothenextlevel.”—SethA.Klar
2、man,president,TheBaupostGroup,L.L.C.;leadeditorofGrahamandDodd’sSecurityAnalysis,SixthEdition;andauthorofMarginofSafety“Afterseventy-fiveyears,GrahamandDoddremainsthetrueNorthStarforthoseseekingtheRosettaStonetounlockvalues.ProfessorJosephCalandroadoptsGr
3、ahamandDodd’sfundamentalpremisesandusesthemtofocusonnewdynamics.”—MarioJ.Gabelli,CFA,chairmanandCEO,GAMCOInvestors,Inc.“Calandro’sapplicationofGrahamandDoddprinciplesoutsidethetraditionalrealmofvalueinvestinginvolvesmulti-disciplinarythink-ing,anecessarys
4、killforconstructivelyframingandreframingtheinvestmentlandscapeintoday’schaoticworld.ParticularlyinterestingisCalandro’schapterontherelationshipbetweenGrahamandDodd’sdiscussionofthemarketvaluationcycleofgreedandfear,andthetopdownmacroideasofGeorgeSoros.Ine
5、ssence,CalandroshowshowMr.Market’sbipolarpsychologycanbelinkedtoSoros’conceptsofreflexivityandfeedbackbetweenconditionsonWallStreetandMainStreet.Giventhewilddownwardoscillationswehaveexperiencedoverthelastyear,everyvalueinvestorshouldbeabletoweavethesetwo
6、investmentapproachestogethertounderstandwhenandwhyacycledevelops,andwheremarketbehaviordivergessignificantlyfromthefundamentals.”—MitchellR.Julis,co-chairmanandco-CEO,CanyonPartners,L.L.C.“JosephCalandro’sAppliedValueInvestingisthemostimportantbusi-nessbo
7、okofourtime.Todayourglobaleconomyisinthethroesofmajorreadjustment,andthisbook’sanalysisisacriticalnavigationtooltohelpexecutivesandinvestorsfindandcreatevalue.CalandroextendstheclassicworkofGrahamandDoddtoevaluatemergersandacquisitions,catastrophe-basedal
8、ternativeinvestment,andmostimportantlyintegratesitwithastrategicframeworkformanagerstodetermineiftheyaretrulycreatingvalueabovetheircostofcapital,riskadjusted.Itisalsowellwritten,practical,andanenjoyableread.”—Dr.Jo
