Skip to product information
1 of 1

Creating Strategic Value

Regular price $30.00
Regular price $30.00 Sale price $30.00
Sold out
In Creating Strategic Value, Joseph Calandro Jr. explores how the core ideas and methods of value investing can be profitably applied to corporate strategy and management. He builds from an analysi...
Read More
  • 08 September 2020
View Product Details

The principles of value investing have resonated with savvy practitioners in the world of finance for a long time. In Creating Strategic Value, Joseph Calandro Jr. explores how the core ideas and methods of value investing can be profitably applied to corporate strategy and management.

Calandro builds from an analysis of traditional value investing concepts to their strategic applications. He surveys value investing’s past, present, and future, drawing on influential texts, from Graham and Dodd’s time-tested works to more recent studies, to reveal potent managerial lessons. He explains the theoretical aspects of value investing-consistent approaches to corporate strategy and management and details how they can be successfully employed through practical case studies that demonstrate value realization in action. Calandro analyzes the applicability of key ideas such as the margin-of-safety principle to corporate strategy in a wide range of areas beyond stocks and bonds. He highlights the importance of an “information advantage”—knowing something that a firm’s competitors either do not know or choose to ignore—and explains how corporate managers can apply this key value investing differentiator. Offering expert insight into the use of time-tested value investing principles in new fields, Creating Strategic Value is an important book for corporate strategy and management practitioners at all levels as well as for students and researchers.

files/i.png Icon
Price: $30.00
Pages: 240
Publisher: Columbia University Press
Imprint: Columbia Business School Publishing
Publication Date: 08 September 2020
Trim Size: 9.00 X 6.00 in
ISBN: 9780231194143
Format: Hardcover
BISACs: BUSINESS & ECONOMICS / Management, BUSINESS & ECONOMICS / Corporate Finance / General, BUSINESS & ECONOMICS / Investments & Securities / General
REVIEWS Icon
Understanding values is the key to corporate success, and Graham and Dodd is the Rosetta Stone of unlocking values. In this book, Joseph Calandro Jr. continues his application of core value investing principles into both strategy and management. A must-read for corporate managers and investors alike.
Joseph Calandro Jr. is a managing director of a global consulting firm and fellow of the Gabelli Center for Global Security Analysis at Fordham University. He is the author of Applied Value Investing (2009) and a contributing editor to the journal Strategy & Leadership.

Foreword—Professor Sris Chatterjee, Gabelli Chair in Global Security Analysis at Fordham University
Introduction
Appendix: Common Ground and/or Areas of Further Research
Part I
Preface: Theory
1. Value Investing and Corporate Management: Overview
2. Corporate Strategy and the “Margin of Safety”
3. Cash and Competitive Advantage
4. Corporate Management and “Security Analysis” (including an interview with Seth A. Klarman)
5. Value Creating Corporate Management: Henry E. Singleton
Appendix 5.1: Evaluating a Stock Buyback
Appendix 5.2: Managing Funding Obligations
6. Managerial “Rationality”
7. Corporate Management and “Modern Security Analysis” (including an interview with the late Martin J. Whitman)
8. Value Realization Is “The Most Important Thing”
Part II
Preface: Practice
9. Value Realization at GEICO
Appendix 9.1: Note on Estimating Growth Value
10. Value Realization at GTI Corporation
11. Value Realization at the Union Pacific
Conclusion and Information Advantage
Acknowledgments
Notes
Index