{"product_id":"modern-security-analysis-9781118390047","title":"Modern Security Analysis","description":"\u003cb\u003eA legendary value investor on security analysis for a modern era\u003c\/b\u003e \u003cp\u003eThis book outlines Whitman's approach to business and security analysis that departs from most conventional security analysts. This approach has more in common with corporate finance than it does with the conventional approach. The key factors in appraising a company and its securities: 1) Credit worthiness, 2) Flows--both cash and earnings, 3) Long-term outlook, 4) Salable assets which can be disposed of without compromising the going concern, dynamics, 5) Resource conversions such as changes in control, mergers and acquisitions, going private, and major changes in assets or in liabilities, and 6) Access to capital.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers the security analysis value approach Martin Whitman has used successfully since 1986\u003c\/li\u003e \u003cli\u003eDetails Whitman's unconventional approach to security analysis and offers information on the six key factors for appraising a company\u003c\/li\u003e \u003cli\u003eContains the three most overemphasized factors used in conventional securities investing\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten by Martin J. Whitman and Fernando Diz, \u003ci\u003eModern Security Analysis\u003c\/i\u003e meets the challenge of today's marketplace by taking into account changes to regulation, market structures, instruments, and the speed and volume of trading.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eMARTIN J. WHITMAN\u003c\/b\u003e is Chairman of the Third Avenue Funds and founder of Third Avenue Management, an investment adviser to private and institutional clients. Mr. Whitman has proven for more than fifty years that active, opportunistic investors can find under-priced securities in companies with strong balance sheets. He is also an adept control investor who was an important participant in the rehabilitation of Nabors Industries and Covanta Energy, among others. He was Third Avenue's Chief Investment Officer from its founding through January 2010. \u003c\/p\u003e\u003cp\u003eFor over thirty years, Mr. Whitman was a Distinguished Management Fellow at the Yale School of Management. He is also an honorary trustee at Syracuse University which is also home to the Whitman School of Management. He is a frequent speaker and commentator within the financial services community. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eFERNANDO DIZ\u003c\/b\u003e is the Managing Director of the Orange Value Fund, LLC, the Martin J. Whitman Professor of Finance and the Director of the Ballentine Investment Institute at Syracuse University. He teaches classes in value, control and distress investing and created and directs the two-year Orange Value Fund program. He is the co-author with Martin J. Whitman of \u003ci\u003eDistress Investing: Principles and Technique\u003c\/i\u003e. Professor Diz received his MSc and PhD degrees from Cornell University.\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50492372189458,"sku":"9781118390047","price":53.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_0a0a9f49-795b-4a33-bbe3-ab0bafeedcf4.jpg?v=1730586005","url":"https:\/\/surprise-castle.myshopify.com\/products\/modern-security-analysis-9781118390047","provider":"Surprise Castle","version":"1.0","type":"link"}