A multi-asset, multi-strategy approach to the Graham and Dodd principles of value investing Beyond Graham and Dodd presents an analytic framework that describes the multi-asset, multi-strategy approach to value investing used by individuals and institutions running large pools of capital with flexible mandates. Going beyond the simpler and more familiar form of buying "safe and cheap" common stocks and bonds, the book's analytic framework synthesizes industry and competitive analysis, and valuation theory and models, through the accounting structure and builds upon the work of Professors Greenwald, Penman, Lee, Damodaran, and other prominent figures in fundamental analysis. It provides a "road map" with a variety of routes for valuing companies, analyzing their multiple securities (debt, equity, hybrids, and derivatives), and structuring investments (long, short, hedged, or arbitraged) with a total return perspective. Mitchell Julis (Beverly Hills, CA) is a founding and managing partner of Canyon Capital Advisors, which manages over USD5 billion in assets.
He has spent the last 17 years of his professional career as a value investor in special situation debt and equity securities in the public and private markets, including restructurings and bankruptcies. Michael Kirschenheiter (West Lafayette, IN) is Associate Professor of Management at the Krannert Graduate School of Management, Purdue University.