Value Investing: From Graham to Buffett and Beyond, is written for students of value investing. The author, Bruce C. N. Greenwald is a Professor and reading this book gave me the feel as if I was attending one of his lectures.

The first part of this book is about the different theories and valuation methods. Only when one is able to fairly value a business will he be able to judge if the business or stocks are selling below its intrinsic value. If you are the type who falls asleep listening to your lecturer, chances are this book is as good as a sleeping pill to you.

The second part of the book analyzes the different approaches used by different value investors such as Warren Buffett, Mario Gabelli, Glenn Greenberg, Seth Klarman and a few others. We see how these investors put their knowledge into use and how they value businesses.

My conclusion, this book is more suitable for readers who love academic theories and formulas.