Concise Guide to Value Investing: How to Buy Wonderful Companies at a Fair Price

The business performance creates the value -- the price creates the OPPORTUNITY.

No-one likes to pay too much for something. We all like to thing that what we buy is ' good value'. It's not different when we purchase a share in company listed on the stock market.

In the Concise Guide to Value Investing, Brian McNiven reveals how to calculate the true value of a company to find out whether you are paying a fair price. This fascinating book explores:

• value investing versus speculation
• the difference between price and value
• variable values of a dollar of earnings
• accounting misrepresentation
• the characteristics of a wonderful business
• the StockVal^(R) valuation formula.

Two of the world's most successful investors, Warren Buffett and Charlie Munger, are self-confessed value investors. McNiven often draws on their wisdom to support his approach to value investing, which he defines as buying a share at a price lower than its calculated value. Only investors who have the ability to calculate value can call themselves 'value investors'.

Binding Type: Paperback
Publisher: Wiley
Published: 05/27/2008
ISBN: 9780731407934
Pages: 232
Weight: 0.65lbs
Size: 8.10h x 5.40w x 0.50d