Value investing
Value investing is an investment approach developed by Benjamin Graham[1][2] and David Dodd[3] and presented in their book, Security Analysis.[4] Graham later wrote The Intelligent Investor,[5] which is a more readable treatment. Value investing involves buying stocks at undervalued price based on some fundamental measure such as high dividend yield, low price-to-book value, or low price-earnings ratio.
Well known value investors[6] include, among others, Warren Buffett, Peter Cundill and Sir John Templeton.
See also
References
- ^ Wikipedia, Benjamin Graham, viewed Feb. 21, 2009.
- ^ The Ben Graham Centre for Value Investing, Benjamin Graham, viewed Mar. 9, 2009.
- ^ Wikipedia, David Dodd, viewed February 21, 2009.
- ^ Wikipedia, Security Analysis, viewed February 21, 2009.
- ^ Wikipedia, The Intelligent Investor, viewed February 21, 2009.
- ^ Wikipedia, Well known value investors, viewed February 21, 2009.