Fundamental Analysis, Value Investing & Growth Investing

by Roger Lowenstein, Janet Lowe

Benjamin Graham developed value investing, a style adopted by Warren Buffett, one of history's most successful investors; it is based on fundamental analysis, which quantitatively compares a company's stock price to various measures of financial strength and promise. Growth investing is a fundamentally different style that seeks to identify tomorrow's great business successes. Learn the ins and outs, and the pros and cons, of these basic investment styles.

Genres: Business, Finance, History, Economics, Nonfiction, Money

Audio Cassette

First published August 1, 1997

About the author

Roger Lowenstein is an American financial journalist and writer. He graduated from Cornell University and reported for The Wall Street Journal for more than a decade, including two years writing its Heard on the Street column, 1989 to 1991. Born in 1954, he is the son of Helen and Louis Lowenstein of Larchmont, New York. Lowenstein is married to Judith Slovin.
He is also a director of Sequoia Fund. In 2016, he joined the board of trustees of Lesley University. His father, the late Louis Lowenstein, was an attorney and Columbia University law professor who wrote books and articles critical of the American financial industry.
Roger Lowenstein's latest book, Ways and Means: Lincoln and His Cabinet and the Financing of the Civil War, was released on March 8, 2022, and won the 2022 Harold Holzer Lincoln Forum Book Prize.

Reviews

[Dan · Rating 3 out of 5]

Interesting but dry. More historical overview than practical application.

[Jonathan · Rating 4 out of 5]

This is a very quick read from Roger Lowenstein about Benjamin Graham and T. Rowe Price. I read the Intelligent Investor but knew little about Benjamin Graham himself. I didn't know about the upheavals of his personal life, from a needy childhood, to a geeky adult life with 3 divorces. It is comforting to learn that even him the grand master of value investing burned himself with leverage at times. It's also great to learn more details about the GEICO story. Ironically indeed this investment's return alone around a "growth story" dwarfed all those of the many value picks all put together over the 20 years of Ben Graham's practice. I ask myself the question now, between the cigar buds approach and the great businesses at a fair price, what's best ?. Interesting quick read which made me want to learn more about GEICO.

[Priyansh Miri · Rating 3 out of 5]

This material could be divided into 2 parts. First part, describes the early days of Ben Graham - how losing his father at early age shaped his life, why did he started stressing on the factors of safety in each investment decisions & etc.

Second part, dwells into the difference in approach of Thomas Prices' Growth Investing & Graham's Value investing. It also covers the nuances of practicing the growth Investing, specially uncertainty around entry & exit strategy.

Overall, it's a good book to discover about the Graham's earlier days & to understand him as a person.

[Vivek · Rating 3 out of 5]

Hooter: History of financial investing concepts

In a series of essays, the history of the individuals like Graham, Rowe Price, Warren Buffett are interspersed with the concepts they brought to light or sponsored and the differences amongst the same - fundamental analysis, value investing and growth investing. These are tips on how to but more fundamentally the definitions themselves for the theory oriented.

[فيصل كركري · Rating 4 out of 5]

For those who didn’t read anything about Ben Graham will find this book very interesting and might start reading a lot about the great value investor. Even for those acquainted with Graham will enjoy the book.

The book is full of investment wisdom taken from great investment minds

[Alex Shrugged · Rating 4 out of 5]

Lots of good, general advice with background, history and biography of successful investors.

I would not use this audiobook for stock picks, but for an overall summery of what goes on with investing, it is good.

I will probably read this book again.

[Jay · Rating 4 out of 5]

Nice little biography of Ben Graham and overview of Value Investing as developed by Graham and Buffett, and Growth Investing as developed by T. Rowe Price.

[David Liang · Rating 5 out of 5]

Great if you're looking for stories about the legends of finance.

[Warren Brown · Rating 4 out of 5]

Good stuff. I'll have to revisit this one with a paper and pencil.

[Adrian Iswariah · Rating 5 out of 5]

Will read again sometime as I feel there is much knowledge and self improvement to be gained here.

[Ryan · Rating 4 out of 5]

A fun listen for those hoping to get a quick background on the earliest fundamental investors.

[Bridget · Rating 2 out of 5]

Not very good. Doesn’t start getting interesting until Chapter 8. It’s more history, less advice of any sort. Don’t listen to the audio version, it’s so bad.

[Tony Salazar · Rating 4 out of 5]

This book asks good questions and gives even better answers.
It will help you to come up with thoughts of your own and create a wealth mindset.
Brief and satisfactory.

[Scott · Rating 3 out of 5]

Very much a quick overview.

[Jon · Rating 4 out of 5]

Hoopla - great book, some great terms on growth investing, clear concise on the second half of the book.