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Graham & Dodd and Modern Financial Analysis by Joseph Calandro Jr.

January 19, 2012 | About:
Note: The presentation below does not representation the opinions of Joseph Calandro’s employer.

I had the privilege to hear Joseph Calandro Jr. speak on value investing at a recent NYSSA event, sponsored by the Value Investingmag-glass_10x105.gif Committee (the committee is consulting with Joe and using his "Suggestions for Modern Security Analysts" paper as a blueprint when planning future events). Joe keeps a low profile, but he is the author of a fantastic book on value investing, "Applied Value Investing: The Practical Application of Benjamin Graham and Warren Buffett’s Valuation Principles to Acquisitions, Catastrophe Pricing and Business Execution."

The presentation focused on Warren Buffett’s acquisition of GEICO, and calculating intrinsic value for the company at the time.

I will not focus much on my notes as they do not do justice to the presentation. However, the presentation outline has been embedded below for readers’ viewing. It is highly recommended that readers see Joe’s guest post here and interview here. Special thanks to Chris Goulakos, Richard Ivey MBA Candidate, and NYSSA Committee member for chairing and helping to organize the event.

Warren Buffett’s 1995 GEICO acquisition

About the author:

Jacob Wolinsky
My investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com

Visit Jacob Wolinsky's Website


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