Here is the synopsis of our sample research paper on Summary of Chapter 1 of Security Analysis and Business Valuation on Wall Street. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 6 page paper is a summary of the first chapter of C J Hooke’s book Security Analysis and Business Valuation on Wall Street, looking at the origins of investment analysis and some of the basic approaches that are adopted. The bibliography cites 1 source only.
Page Count:
6 pages (~225 words per page)
File: TS14_TEwalsvalue.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
way in which the investor believes the stock is likely to move. The investors may undertake the analysis for personal reasons, such as to find an undervalued stock, or
to justify and document a responsibly that they have, such as in the role of an investment manager. The increased level of trading, interest and regulation of the market
has been a motivator for the development of models, theories and techniques as well as the its practice, increasing market transparency, but despite this there are still inefficiencies in the
pricing structures giving rise to investment opportunities. The Beginnings of Investment Analysis In 1934 the publication of "Security Analysis" by two academics; Benjamin Graham and David Dodd help
security investment to become a profession. It was also important as it was published at the same time as the creation of the Securities and Exchange Commission (SEC) and in
a time when there were concerns following the 1929 crash. This indicated a changing environment as it necessitated increased disclosure by the firms.
The book provided a framework for investors to undertake a logical analysis. This was in an environment where there had been a dominance of speculative behaviour, with a high
level of rumour and hype. At this time the analysis that was present was based on the credit ratings, such as Standard and Poor, and Moodys. The analysis by these
firms was mainly undertaken using historical data with little consideration of the future. The book was important as it indicated that with an analysis certain stock may be seen as
prudent investments if a logical assessment is undertaken. There was a simple five stage process advocated, this started with gather facts, followed by preparing an organized report, the next stage
...