Value investing

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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


  1. Wikipedia, Benjamin Graham, viewed Feb. 21, 2009.
  2. The Ben Graham Centre for Value Investing, Benjamin Graham, viewed Mar. 9, 2009.
  3. Wikipedia, David Dodd, viewed February 21, 2009.
  4. Wikipedia, Security Analysis, viewed February 21, 2009.
  5. Wikipedia, The Intelligent Investor, viewed February 21, 2009.
  6. Wikipedia, Well known value investors, viewed February 21, 2009.