What Would Ben Graham Do Now?: A New Value Investing Playbook for a Global Age

This is the Safari online edition of the printed book.

Jeffrey Towson modernizes value investing for high-growth emerging markets, introducing techniques he mastered working for Prince Alwaleed, the “Arabian Warren Buffet.” Retaining Ben Graham’s focus on price and quality, he integrates crucial values of political access, reputation, and capabilities. Next, he presents investment “playbooks” designed to help you profitably navigate tomorrow’s titanic market collisions.

Acknowledgments     xv

About the Author     xvi

Preface     xvii

Chapter 1: Introduction     1

Chapter 2: Rethinking Value in a Global Age     17

Chapter 3: Value Point     45

Chapter 4: Investing in Politicized Markets     67

Chapter 5: How Political Access Adds Value     87

Chapter 6: The World Is Biased     107

Chapter 7: The Profits and Perils of Reputation     125

Chapter 8: Capability Deals in Theory     145

Chapter 9: Capability Deals in Practice     169

Chapter 10: Global Tycoons, Value Tanks, and Other “Go for the Jugular” Strategies     189

Chapter 11: It’s Still About Price and Quality     211

Chapter 12: A Global Investment Playbook     235

Chapter 13: After Markets Collide: The Next Twenty Years     265

Notes     281

Index     287