I bought this book after seeing that it was one of two textbooks for Columbia University's Security Analysis course. (The other textbook is [[ASIN:0070132356 the 1988 edition of Security Analysis]].) Apparently the author of Competition Demystified, Bruce Greenwald, used to teach the class. The course readings from this book were pages 1-77, 160-181, 220-238, and 322-363.
The book is primarily about how investors can identify, and how businesses can establish & defend, a sustainable competitive advantage (i.e. a wide economic moat). Greenwald and Kahn obviously come from the Graham/Buffett style of investing. |
Competition Demystified: A Radically Simplified Approach to Business Strategy Books In Print, Audio Books.