- Paperback: 650 pages
- Publisher: www.bnpublishing.com (22 June 2012)
- Language: English
- ISBN-10: 1607964708
- ISBN-13: 978-1607964704
- Product Dimensions: 15.2 x 3.3 x 22.9 cm
- Average Customer Review: 1 customer review
- Amazon Bestsellers Rank: #1,24,234 in Books (See Top 100 in Books)
The Theory of Investment Value Paperback – 22 Jun 2012
Customers who bought this item also bought
Customers who viewed this item also viewed
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter mobile phone number.
What other items do customers buy after viewing this item?
Top customer reviews
Most helpful customer reviews on Amazon.com
If you don't find the examples currently relevant, the reading portion is more like 300 pages. The examples, lengthy and detailed, are kept separate in the Appendices ... for an additional 300 pages of reading pleasure.
He emphasises the present value of dividends, as opposed to earnings, as the 'investment value' of an enterprise. He argues that, if you don't, ultimately, receive dividends, you've gotten nothing ... as earnings may or may not be re-invested well. Whether he'd agree or not, Buffett acts the same way by appropriating all excess earnings for his own re-investment. Whether you agree or disagree, it's worthwhile food for thought.
It's an interesting alternate view on 'value investing' from the Buffett Graham books recommendations.