Value Investing: From Graham to Buffett and Beyond Paperback – 17 Feb. 2004

So, what's in the Appendix to chapter 3 that makes it so good ? Only the best explanation of 'The Present Value of Future Cash Flows' I have ever read. Come to think of it, the rest of the first half is worth studying as well.There are one or two surprises in the 'Buffett and Beyond' section, enough to make you read it to the end anyway.

There are a lot of books on this topic, but only few which are definitely worth reading (since many books are just copy pastes from the work of Graham). This one, however, is a book that stands out. In contrast with most books which explain valuation in terms of calculating discounted cash flows, it takes on another, more sound and conservative approach by looking at three stages of value, starting with asset valuation. This makes it more sound and conservative than most valuation models who are mainly founded on DCF.It is a great book to read as a stepstone to Graham's Security Analysis. But I recommend it to all investors!

This is great book with a lot of useful information and analysis of some great minds in value investing.

A good read and a great for learning the ins and outs of value investing, particularly valuation

This book taught me a lot, well worth a read

Good product for the price

A brilliant book. Love it.

I agree with the view that this book provides practical guidelines and more importantly the framework of valuing a business. However, I believe there is alot more room for improvement in terms of there way it is presented.In particular, the treatment/adjustment of various items on financial statements could be elaborated in greater detail.