Security Analysis and Business Valuation on Wall Street,: A ... - lib

ContentsPrefaceWhat Is <strong>Security</strong> <strong>Analysis</strong>?Recent TrendsWhy Study <strong>Security</strong> <strong>Analysis</strong> <strong>and</strong> <strong>Business</strong> <strong>Valuation</strong>?Overview of the ContentsWhat’s New in the Second EditionxiiixivxvxviixviiixviiiPART ONEThe Investing Environment 1CHAPTER 1Why Analyze a <strong>Security</strong>? 3The Origins of <strong>Security</strong> <strong>Analysis</strong> 3No Profit Guarantee 5Day-to-Day Trading <strong>and</strong> <strong>Security</strong> <strong>Analysis</strong> 6Herd Psychology <strong>and</strong> <strong>Security</strong> <strong>Analysis</strong> 6Momentum Investors 7Game Theory <strong>and</strong> <strong>Security</strong> <strong>Analysis</strong> 8The Premise of <strong>Security</strong> <strong>Analysis</strong> 9Scientific Method 10<strong>Security</strong> <strong>Analysis</strong> Techniques 12Basic <strong>Valuation</strong> Approaches 12Other <strong>Valuation</strong> Approaches 14Summary 16CHAPTER 2Who’s Practicing <strong>Security</strong> <strong>Analysis</strong> <strong>and</strong> <strong>Business</strong> <strong>Valuation</strong>? 17Securities Firms <strong>and</strong> Their Analysts 18Major Institutional Investors 20A Dying Art? 21Index Funds <strong>and</strong> Exchange-Traded Funds 24Small Money Management Firms 25Rating Agencies 26Individual Investors: A Special Category 26<strong>Business</strong> <strong>Valuation</strong> 28Summary 28v