Table of Contents

Preface to the Paperback Edition.
Preface to the First Edition.


PART I: AN INTRODUCTION TO VALUE INVESTING.


1. Value Investing: Definitions, Distinctions, Results, Risks,
Principles.


2. Searching for Value: Fish Where the Fish Are.


PART 11: THREE SOURCES OF VALUE.


3. Valuation in Principle, Valuation in Practice.


4. Valuing the Assets: From Book Value to Replacement Costs.


5. Earning Power Value: Assets Plus Franchise.


6. A Wonderful Little Franchise: The Earning Power of WD-40.


7. Inside Intel: The Value of Growth Within the Franchise.


8. Constructing the Portfolio: Risk, Diversification, and
Default Strategies.


PART III: VALUE INVESTING IN PRACTICE: PROFILES OF EIGHT VALUE
INVESTORS.


9. Warren Buffett: Investing Is Allocating Capital.


10. Mario Gabelli: Discovering and Unlocking the Private Market
Value.


11. Glenn Greenberg: Investigate, Concentrate, and--Watch That
Basket.


12. Robert H. Heilbrunn: Investing in Investors.


13. Seth Klarman: Distressed Sellers, Absent Buyers.


14. Michael Price: Discipline, Patience, Focus, and Power.


15. Walter and Edwin Schloss: Keep It Simple, and Cheap.


16. Paul D. Sonkin: Small Is Beautiful, Especially When It's
Ugly.


References.


Acknowledgements.


Index.

About the Author

BRUCE C. N. GREENWALD is the Robert Heilbrunn Professor of
Finance and Asset Management at Columbia University Graduate School
of Business.
JUDD KAHN has taught history, served in city government,
and worked as a securities analyst, a CFO, and a management
consultant. He has a PhD in history from the University of
California, Berkeley.


PAUL D. SONKIN is the investment manager of the
Hummingbird Value Fund. He has worked at the SEC, Goldman Sachs,
Royce Funds, and First Manhattan Company. He holds an MBA from
Columbia.


MICHAEL van BIEMA is a member of the finance faculty of
Columbia Business School. Prior to joining the faculty of Columbia,
he was a principal at the RONIN Corporation, a management
consulting firm, and the cofounder of several technology companies.
He has a PhD from Columbia in computer science.