A Modern Approach to Graham and Dodd InvestingISBN: 978-0-471-58415-5
Hardcover
352 pages
March 2004
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PREFACE xi
PART I Basic Concepts 1
CHAPTER 1 Introduction 3
CHAPTER 2 Investment Evaluations and Strategies 16
PART II Fixed-Income Evaluation 29
CHAPTER 3 Foundation of Fixed Income 31
CHAPTER 4 Fixed-Income Issues of Corporations 47
CHAPTER 5 Distressed Fixed Income 63
PART III Equity Evaluation 79
CHAPTER 6 Cash Flows and Capital Expenditures 81
CHAPTER 7 Analysis of Asset Value 96
CHAPTER 8 Some Observations on the Value of Dividends 112
CHAPTER 9 Some Warnings about the Use of Earnings in Valuation 127
CHAPTER 10 Sales Analysis 143
PART IV Special Vehicles for Investment 157
CHAPTER 11 A Graham and Dodd Approach to Mutual Funds 159
CHAPTER 12 A Graham and Dodd Approach to International Investing 174
CHAPTER 13 A Graham and Dodd View of Real Estate 187
PART V Portfolio Management 203
CHAPTER 14 The Question of Asset Allocation 205
CHAPTER 15 The Concepts of Graham and Dodd versus Modern Theories and Practices 220
CHAPTER 16 Case Studies in Graham and Dodd Investing 234
CHAPTER 17 A Real-Time Experiment 257
PART VI Some Contemporary Issues 271
CHAPTER 18 A Historical View of the Dow and the “Market” 273
CHAPTER 19 Some Disquieting Thoughts on Excessive Credit Creation 292
CHAPTER 20 Generational Cycles in the American Stock Market 306
ENDNOTES 321
BIBLIOGRAPHY 327
INDEX 329