Lessons for Strategists in Graham & Dodd's Security Analysis, 6th Edition

Strategy & Leadership, Vol. 37, No. 2, pp. 45-49, 2009

Posted: 12 Mar 2009

See all articles by Joseph Calandro, Jr.

Joseph Calandro, Jr.

Fordham University - Gabelli Center for Global Security Analysis

Date Written: March 10, 2009

Abstract

Purpose - This paper aims to consider how corporate executives in a variety of industries can find important lessons in the recently published sixth edition of Benjamin Graham and David Dodd's Security Analysis (New York: McGraw-Hill, 2008). Design/methodology/approach - This paper includes an interview with the lead editor of the book, value investor Seth Klarman. He explains key strategic lessons that corporate executives can learn from the value investing methodology. Findings - The insights contained within Security Analysis can and should be leveraged by business leaders and strategists to create value for their firms. Practical implications - Graham and Dodd-based valuation and investment is a viable method with which to assess corporate strategic initiatives (such as mergers and acquisitions, share buy-backs, etc.).

Originality/value - This paper, the first in a business strategy journal, explains how business leaders can become adept at using modern applications of Graham and Dodd-based valuation to inform strategic decision-making.

Keywords: Valuation, Value Investing, Corporate Strategy

JEL Classification: G30, G34

Suggested Citation

Calandro, Jr., Joseph, Lessons for Strategists in Graham & Dodd's Security Analysis, 6th Edition (March 10, 2009). Strategy & Leadership, Vol. 37, No. 2, pp. 45-49, 2009. Available at SSRN: https://ssrn.com/abstract=1356962

Joseph Calandro, Jr. (Contact Author)

Fordham University - Gabelli Center for Global Security Analysis ( email )

531 Hughes Hall
441 E. Fordham Rd
Bronx, NY 10458
United States

HOME PAGE: http://www.linkedin.com/in/josephcalandro/

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