Comments on: The Intelligent Investor: Convertible Issues and Warrants

By: Vanessa

Vanessa — Thu, 27 Oct 2011 21:23:03 +0000

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By: JonFrance

JonFrance — Wed, 04 Feb 2009 13:53:36 +0000

The concept is the same between a warrant and a call option. The differences are that warrants tend to be long-term, and they are traditionally issued by the company itself rather than by a third party. They also tend to trade in different places. But these are all little details.

By: Alpine path

Alpine path — Sat, 31 Jan 2009 01:36:58 +0000

Hi, I’ve been a regular reader of your blog and have been following this series. Its a great read! I have one quick question. Is the warrant the same as a call option?

By: Brian

Brian — Sat, 31 Jan 2009 00:19:12 +0000

God please make it stop, and go back to the wide-eyed slow-cooker paeans

By: Jimbo

Jimbo — Fri, 30 Jan 2009 19:51:29 +0000

Suffice to say this is BY FAR the most useless part of this blog.

By: JonFrance

JonFrance — Fri, 30 Jan 2009 17:11:15 +0000

Zweig in his commentary dismisses warrants outright as obsolete; but this is overstating things a bit. There is still a market out there for warrents in the US, but even more so overseas where they never really went out of style in the first place.

That said, they probably still are as uninteresting as Graham makes them out to be. I’m just pointing this out because for a lot of people, this will be the only book they read that even mentions warrant investing, and the picture it gives is a little too dismissive.

By: Michael

Michael — Fri, 30 Jan 2009 15:06:07 +0000

Convertibles are often priced inefficiently and a diligent investor can make money on them. John Calamos’ book on convertible analysis is a good place to start reading.

By: Trevor - 14 Year Old Blogger

Trevor - 14 Year Old Blogger — Fri, 30 Jan 2009 14:38:01 +0000

I really got reading into this book a few days ago. Really nice book. Great explanation.