The Little Book of Value Investing
Little Books. Big Profits
1. Edition September 2006
208 Pages, Hardcover
Wiley & Sons Ltd
Short Description
There are many ways to make money in today's market, but the one strategy that has truly proven itself over the long term is value investing. To make the most of this time-tested approach, investors must have a firm understanding of how value investing works. Author Christopher Browne has been a part of Tweedy, Browne Company--the oldest value-investing firm on Wall Street, which has previously counted Benjamin Graham and Warren Buffett among its clients--for more than 30 years, and over the course of his career, he has successfully followed the value-oriented approach to investment management. Now, with The Little Book of Value Investing, he translates this wealth-building strategy in a way that everyone will understand. This follow-up to the national bestseller, The Little Book That Beats the Market (0-471-73306-7), introduces individual investors to the fundamentals of value investing--from the philosophy to the process--and shows them how to use this methodology to achieve exceptional returns in today's turbulent market. High-caliber value manager Christopher Browne discusses some of the most important methods, ideas, and approaches associated with value investing, including: buying stocks when they are on sale; never losing money; where to find value; how to find value and opportunity; when to hold and when to let go (including a 15-point checklist of things to look out for); long-term investing; and how to be a knowledgeable investor. Written in a friendly and easy-to-understand manner, The Little Book of Value Investing will show readers how to understand and implement one of the most effective investment strategies ever created.
There are many ways to make money in today's market, but the one strategy that has truly proven itself over the years is value investing. Now, with The Little Book of Value Investing, Christopher Browne shows you how to use this wealth-building strategy to successfully buy bargain stocks around the world.
Acknowledgments.
Introduction.
Chapter One: Buy Stocks like Steaks . . . On Sale.
Chapter Two: What's It Worth?
Chapter Three: Belts and Suspenders for Stocks.
Chapter Four: Buy Earnings on the Cheap.
Chapter Five: Buy a Buck for 66 Cents.
Chapter Six: Around the World with 80 Stocks.
Chapter Seven: You Don't Need to Go Trekking with Dr. Livingston.
Chapter Eight: Watch the Guys in the Know.
Chapter Nine: Things That Go Bump in the Market.
Chapter Ten: Seek and You Shall Find.
Chapter Eleven: Sifting Out the Fool's Gold.
Chapter Twelve: Give the Company a Physical.
Chapter Thirteen: Physical Exam, Part II.
Chapter Fourteen: Send Your Stocks to the Mayo Clinic.
Chapter Fifteen: We Are Not in Kansas Anymore! (When in Rome).
Chapter Sixteen: Trimming the Hedges.
Chapter Seventeen: It's a Marathon, Not a Sprint.
Chapter Eighteen: Buy and Hold? Really?
Chapter Nineteen: When Only a Specialist Will Do.
Chapter Twenty: You Can Lead a Horse to Water, But . . . .
Chapter Twenty-One: Stick to Your Guns.
Don't Take My Word for It.
Bibliography.
"sharply written...gets you fired up about buying stocks" (USA Today, December 4, 2006)
"If you are a value investor by temperament, you will (or should) find a lot that is persuasive in what Christopher Browne has to say about the craft of value investing in a delightful new book out this autumn...It is nicely written and utterly persuasive if long-term investment success is what you are after and your temperament is equipped to handle the psychological pressures of making non-consensus investments." (The Independent, November 2006)
"elegant new treatise on the art of value investing. . ." (Financial Times (UK), October 30, 2006)
"...easily digestible and shortish treatise for anyone who wants to try out this particular investment strategy". (The Wall Street Journal, October 10, 2006)
"After 37 years of practicing what Graham preached, Browne has distilled the creed into a disarmingly chatty primer. . ." (Bloomberg)
"one of the best guidebooks toward protecting and growing a retirement nest egg. This advice comes from a legend of value investing, and it's presented with enough clarity that anyone can follow it." (Forbes.com)
