Strategic Value Investing: Practical Tec

BenjaminGrahamreferredtoitashis"marginofsafety."SethKlarmanfavorsitoverallotherinvestmentmethods.WarrenBuffettusesittomakemillionsforhisinvestors.It'scalledvalueinvesting,andyoucanmakeitworkwondersforyourportfolio.Allyouneedismoneytoinvest,alittlepatience-andthisbook.StrategicValueInvestingrevealseverythingyouneedtoknowtobuildaworld-classportfoliousingvalueinvestingasyournorthstar.Writtenbyexpertsonvaluationandfinancialanalysis,thiscomprehensiveguidebreaksitalldownintoaneasy-to-implementprocess.Theauthorsexplaintheinsandoutsofdeterminingwhenastockisundervalued,thenpurchasingitandsellingitforaprofitwhentherestoftheworldlearnswhatyouknewallalong.WithStrategicValueInvesting,you'lllearnhowto:distinguishbetweenthevariousmeasuresofvalue,includinggoingconcern,replacementvalue,fairmarketvalue,bookvalue,andintrinsicvalue;andidentifyundervaluedcompaniesbeforeeveryoneelse,andknowwhattolookfor,whattoavoid,whentobuy,andwhentosell.Theauthorsteachyouhowtoestablishadispassionatevalueinvestingphilosophytailoredtoyourneeds.Equallyimportant,theyprovidethetoolsyouneedtoadheretothisoftencontrarianapproachregardlessofyouremotionsorcrowdsentiment.Getinbeforethecrowd-andgetoutwhenthepriceisrightwithStrategicValueInvesting.PraiseforStrategicValueInvesting:"Abookthathasmuchthesamecharacterasagoodvalueinvestor:calm,disciplined,withagraspbothofbroadtheoryandofhowtoapplyit."(JohnAuthers,seniorinvestmentcolumnist,FinancialTimes)."Thiscomprehensivelookatvaluationtechniquesisnotonlyinsightful,butcanbeeasilyputtousebyindividualandprofessionalinvestorsalike."(CharlesRotblut,CFA,VicePresident,theAmericanAssociationofIndividualInvestors)."Offersasoundfundamentalperspectiveforthoselookingtodeepentheiranalysisaroundstocks.Agreatresourceforalltypesofvalueinvestors."(HeatherBrilliant,CFA,globalheadofequityresearchatMorningstarandmemberoftheCFAInstituteBoardofGovernors)."ThisbookisofRealValue!ItupdatesthepioneeringworkofBenGrahamandPhillipFisher,blendingthevaluationtechniquesofthemasters(suchasWarrenBuffett)andprovidesinstitutionalandindividualinvestorstheAtoZofvalueinvestingfromapractitionerperspective."(JohnMaginn,CFA,EVP&CIO,MutualofOmaha(retired)andcoeditorofManagingInvestmentPortfolios)."Anactionableroadmapforimplementingadisciplinedvalueinvestingstrategy.VerymuchintheBenGrahamstyle.Thesophisticatedindividualinvestorwillfindthiscomprehensivedigestacontinualandtimelessreference."(WallaceForbes,CFA,PresidentofForbesInvestorsAdvisoryInstitute,DivisionofForbesmagazine)."Manybooksproposetohelpyoulearnhowtobecomeabettervalueinvestor.Thisone,whichisboundtobecomeastapleofeveryvalueinvestor'slibrary,deliversonitspromise."(RobertPowell,editorofRetirementWeeklyandcolumnistof"MarketWatch").