The Value Investors

InvestinglegendWarrenBuffettoncesaidthat“successininvestingdoesn’tcorrelatewithI.Q.onceyou’reabovethelevelof125.Onceyouhaveordinaryintelligence,whatyouneedisthetemperamenttocontroltheurgesthatgetotherpeopleintotroubleininvesting.”InanattempttounderstandexactlywhatkindoftemperamentBuffettwastalkingabout,RonaldW.Chaninterviewed12value-investinglegendsfromaroundtheworld,learninghowtheirpersonalbackground,culture,andlifeexperienceshaveshapedtheirinvestmentmindsetandstrategy.TheValueInvestors:LessonsfromtheWorld’sTopFundManagersistheresult.From106-year-oldIrvingKahn,whoworkedcloselywith“fatherofvalueinvesting”BenjaminGrahamandremainsactivetoday,and95-year-oldWalterSchloss(describedbyWarrenBuffettasthe“super-investorfromGraham-and-Dodsville”),totheco-foundersofHongKong-basedValuePartners,CheahChengHyeandV-NeeYeh,andFranciscoGarcíaParamésofSpain’sBestinverAssetManagement,Chanchoseinvestmentluminariestohelphimunderstandtheinternationalappeal?Candsuccess?Cofvalueinvesting.Allofthesemenbecamestrongadvocatesoftheapproachdespiteconsiderableageandculturaldifferences.Chanfindsoutwhy.InTheValueInvestors,readerswillalsodiscoverhowtheseinvestors,eachofwhomhasauniquevalueperspective,haveconsistentlybeatenthestockmarketovertheyears.Dotheyshareatraitthatallowsthistohappen?Isthereawinningtemperamentthatturnstheordinaryinvestorintoanextraordinaryone?Thisbookanswersthesequestionsandmore.,