Quantitative Investment: Using The Language Of Numbers To Uncover Investment Opportunities

Quantitative Investment: Using The Language Of Numbers To Uncover Investment Opportunities by Balint Anton Francisc

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Value Investment, as a philosophy, has moved a step forward when Warren Buffett adopted from Charles Munger’s approach towards quality. Mr. Munger’s investment philosophy was based on Philip A. Fisher’s believe of outstanding businesses that become of such nature as a result of both qualitative and quantitative features. Benjamin Graham and David Dodd in Security Analysis have accentuated vividly that qualitative considerations, such as the superiority of the relationship between management and its employees, the loyalty of the customers and the strength of the sales organization within a company ought to be left out when valuating an investment opportunity as they...