{"product_id":"9780786164875","title":"Fundamental Analysis, Value Investing and Growth Investing","description":"\u003cp\u003e\u003cb\u003e\u003cbr\u003e Benjamin Graham\u003c\/b\u003e, the \"father of fundamental investing,\" showed the way from speculation (based on tips, intuition , and guesswork) to investing as a disciplined, quantitative analysis of a company's \u003cu\u003efundamentals\u003c\/u\u003e (such as earnings, dividends, assets, debt, financial structure, and the history of all these items over time). Graham's style , known as \u003ci\u003e\u003cb\u003evalue investing\u003c\/b\u003e\u003c\/i\u003e, focuses on a company's \u003ci\u003e\u003cb\u003eintrinsic value\u003c\/b\u003e\u003c\/i\u003e (i.e.inherent value), buying stocks only when the market price is well below the intrinsic value per share. Benjamin Graham was himself a remarkably successful investor, and his prize student, \u003cb\u003eWarren Buffett\u003c\/b\u003e, applied Graham's principles to become perhaps the most successful investor in history.\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eGrowth investing\u003c\/i\u003e\u003c\/b\u003e seeks to spot companies entering a period of vigorous and rapid expansion. Pioneered by \u003cb\u003eT. Rowe Price\u003c\/b\u003e in the 1930's, this style has been well suited to capitalize on America's industrial boom after \u003cb\u003eWorld War II\u003c\/b\u003e, with the rise of such companies as Xerox, Microsoft, Blockbuster Video, Home Depot, and Liz Claiborne, In addition to finding specialized \u003ci\u003egrowth companies\u003c\/i\u003e, Price specified several criteria for a \u003ci\u003egrowth industry\u003c\/i\u003e. These are (1) high quality R \u0026amp; D; (2) limited competition; (3) few government regulations; (4) well-paid employees but low labor costs; (5) a strong possibility of high return on invested capital; and (6) superior growth in earnings per share. Growth investors must have the nerve to handle risk and the financial wherewithal to endure volatile market conditions.\u003c\/p\u003e","brand":"Knowledge Products, Inc.","offers":[{"title":"Default Title","offer_id":47095243210992,"sku":"9780786164875","price":9.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780786164875_p0.jpg?v=1763726467","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780786164875","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}