[ Pobierz całość w formacie PDF ]
Graham and Dodd
Investing
A Modern Approach to
Founded in 1807, John Wiley & Sons is the oldest independent publishing
company in the United States. With offices in North America, Europe,
Australia, and Asia, Wiley is globally committed to developing and mar-
keting print and electronic products and services for our customers’ pro-
fessional and personal knowledge and understanding.
The Wiley Finance series contains books written specifically for finance
and investment professionals as well as sophisticated individual investors
and their financial advisors.
Book topics range from portfolio management to e-commerce, risk
management, financial engineering, valuation, and financial instrument
analysis, as well as much more.
For a list of available titles, please visit our Web site at www.Wiley
Finance.com.
Graham and
Dodd Investing
THOMAS P. AU, CFA
John Wiley & Sons, Inc.
A Modern Approach to
Copyright © 2004 by Thomas P. Au. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system, or trans-
mitted in any form or by any means, electronic, mechanical, photocopying, recording,
scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976
United States Copyright Act, without either the prior written permission of the
Publisher, or authorization through payment of the appropriate per-copy fee to the
Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923,
978-750-8400, fax 978-750-4470, or on the web at www.copyright.com. Requests to
the Publisher for permission should be addressed to the Permissions Department, John
Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax
201-748-6008, e-mail: permcoordinator@wiley.com.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used
their best efforts in preparing this book, they make no representations or warranties
with respect to the accuracy or completeness of the contents of this book and specifical-
ly disclaim any implied warranties of merchantability or fitness for a particular purpose.
No warranty may be created or extended by sales representatives or written sales mate-
rials. The advice and strategies contained herein may not be suitable for your situation.
You should consult with a professional where appropriate. Neither the publisher nor the
author shall be liable for any loss of profit or any other commercial damages, including
but not limited to special, incidental, consequential, or other damages.
For general information on our other products and services, or technical support, please
contact our Customer Care Department within the United States at 800-762-2974,
outside the United States at 317-572-3993 or fax 317-572-4002.
Wiley also publishes its books in a variety of electronic formats. Some content that
appears in print may not be available in electronic books.
For more information about Wiley products, visit our Web site at www.wiley.com.
Library of Congress Cataloging-in-Publication Data
Au, Thomas P., 1957–
A modern approach to Graham and Dodd investing / Thomas P. Au.
p. cm.
ISBN 0-471-58415-0 (cloth)
1. Investment analysis. 2. Portfolio management. 3. Graham, Benjamin, 1894- 4. Dodd,
David L. (David Le Fevre), 1895- I. Title.
HG4529.A9 2004
332.6––dc22
2003065704
Printed in the United States of America
10987654321
Disclaimer
The opinions expressed in this book do not necessarily reflect the investment policy
of the firm in which the author is employed. The author is solely responsible for its
contents.
[ Pobierz całość w formacie PDF ]