What Would Ben Graham Do Now?: A New Value Investing Playbook for a Global Age - Tapa dura

Towson, Jeffrey

 
9780132173230: What Would Ben Graham Do Now?: A New Value Investing Playbook for a Global Age

Sinopsis

As originally conceived by the legendary Benjamin Graham, traditional value investing involves purchasing relatively stable stocks and companies at a percentage below their intrinsic value. But this approach contains many hidden, U.S.-centric assumptions that simply don’t work well in today’s high-growth emerging markets. In this book, leading global value investor Jeffrey Towson extends and modernizes value investing, helping you apply its core principles while you access tremendous opportunities available in today’s fastest-growing markets.

 

Towson introduces the powerful Value Point system that grows out of his experience on the elite investing team selected by Prince Alwaleed, the "Arabian Warren Buffett." While retaining Graham’s relentless focus on price and quality, he shows how to integrate three crucial additional forms of value into your stock assessments: the value of political access in a government-infused investment world, the value of reputation in a world of colliding markets, actors and biases, and the value of capabilities in a multi-local world.

 

Building on these techniques, Towson presents a complete investment playbook for the next five years. Next, he shows how to invest for the next twenty years―successfully navigating the titanic market collisions that will batter investors who aren’t prepared for them.

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Acerca del autor

Jeffrey Towson is a specialist in global and cross-border investing, and is Managing Partner of the Towson Group, an investment firm based in New York, Dubai, and Shanghai. He previously served as Head of Direct Investments for Middle East North Africa and Asia Pacific for Prince Waleed, arguably the world’s first private global investor and nicknamed the “Arabian Warren Buffett” by Time Magazine.

 

Towson is a frequent writer and speaker on the topic of global investing (www.jeffreytowson.com). He is a Fellow at Cambridge University’s Judge School of Business and cohead of the Current Topics in Chinese Strategy and Investment Course at Peking University Guanghua Business School in Beijing.

De la contraportada

With more than half the world s GDP growth coming from developing countries and regions like China, India, Brazil, and Africa by 2020, a clear approach to participating in this new global landscape is imperative. Jeffrey Towson delivers one such view. He takes a powerful old paradigm that of fundamental value from Ben Graham and applies it to the financial and cultural nuances of the developing world. Towson s real world experience and application of Graham s theory is a thoughtful read for any business leader.

Dominic Barton, Global Managing Director, McKinsey & Company

Jeffrey successfully draws on his vast experience accumulated through working closely with HRH Prince Alwaleed bin Talal to develop an optimal investment approach, marrying the well-understood principles of international investing with the idiosyncratic aspects of emerging markets.

Tony Hchaime, Head of Middle East and North Africa, The D. E. Shaw Group

a wake-up call to the powerful fact that, in the 21st century, the real opportunities lie elsewhere . Rich in ideas and examples [of] how this new approach has spectacularly delivered, this book will revolutionize your investment strategy.

Peter Williamson, Professor of International Management, University of Cambridge, Judge Business School

Jeff has a view of global investing, incorporating both the developed and developing economies, that is virtually unmatched.

Jerry Leamon, Global Managing Partner, Services and Mergers & Acquisitions, Deloitte Touche Tohmatsu

Jeffrey Towson is uniquely qualified to help value hunters sharpen the tools they already possess to capture unprecedented opportunities in a new, hyper-globalized era.

Tom Mitchell, Deputy News Editor, The Financial Times

a startling analysis of the world in which America competes. If it doesn t challenge your concepts of the global competitive environment, you aren t paying attention.

Congressman Mick Mulvaney, United States House of Representatives

For generations, intelligent investors have built wealth by applying Benjamin Graham s classic value investing principles. The approach is as powerful as ever, but the arrival of a new global investment terrain with its differing politico-economic systems, rising markets, and increasing collisions is creating both historic challenges and opportunities for value investors. Now, Jeffrey Towson shows how to uncover unprecedented value opportunities in today s colliding, chaotic, and wildly mispriced new global marketplace.

Drawing on extensive experience investing and deal-making on the ground around the world, Towson introduces a new value playbook for global investing. He shows how value investors, private equity firms, family offices, institutional investors, and others can use a value-added approach to confidently and comfortably extend their current investment strategies to global opportunities. The result is a practical investment playbook for a global age, identifying today s best opportunities, and preparing you for massive market shifts that are just beginning to emerge.

Adapts and extends Ben Graham s classic value principles to the new global investment terrain

How to get the highest quality companies at the lowest possible prices in tod

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