With an extensive background in international business consulting, Robert Daugherty served as Knowledge Investment Partners head and engages as executive dean of the Forbes School of Business & Technology. Robert Daugherty has authored numerous articles in his area of expertise, including a recent piece in Forbes China on the 100 all-time best business books.
In putting together the list, Mr. Daugherty considered input from Silicon Valley entrepreneurs and corporate CEOs as well as business school deans, faculty members, and authors in the private equity sphere.
Including seminal works by Charlie Munger and Warren Buffet, the list begins with a pioneering 1949 book by Benjamin Graham, The Intelligent Investor. At the core of Graham’s value investing approach is the concept of avoiding risk by undertaking extensive evaluation of all companies being considered as investment vehicles.
Having been integral in drafting the Securities Act of 1933, which required companies to produce independent accountant-certified financial statements, Graham was one of the first investors to employ financial analysis as virtually the sole gauge of investment worthiness.
A central facet of Graham’s approach involved seeking out shares of firms that traded for significantly less than their expected value should the company be liquidated. As private investors had the luxury of not being fully invested, they could wait until advantageous situations arose before taking a position This is called "use market" psychology, and is still an important foundation of some financial strategies to this day.
In putting together the list, Mr. Daugherty considered input from Silicon Valley entrepreneurs and corporate CEOs as well as business school deans, faculty members, and authors in the private equity sphere.
Including seminal works by Charlie Munger and Warren Buffet, the list begins with a pioneering 1949 book by Benjamin Graham, The Intelligent Investor. At the core of Graham’s value investing approach is the concept of avoiding risk by undertaking extensive evaluation of all companies being considered as investment vehicles.
Having been integral in drafting the Securities Act of 1933, which required companies to produce independent accountant-certified financial statements, Graham was one of the first investors to employ financial analysis as virtually the sole gauge of investment worthiness.
A central facet of Graham’s approach involved seeking out shares of firms that traded for significantly less than their expected value should the company be liquidated. As private investors had the luxury of not being fully invested, they could wait until advantageous situations arose before taking a position This is called "use market" psychology, and is still an important foundation of some financial strategies to this day.
