The Little Book of Value Investing

A concise and masterful discussion of a proven investing strategy 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. You ll explore how to value securities and find bargains in the stock market. You ll also learn to ignore irrelevant noise, advice from self-proclaimed gurus, and other obstacles that can throw you off your game. The Little Book of Value Investing also offers: Strategies for analyzing public company financial statements and disclosures Advice on when you truly require a specialist s opinion Tactics for sticking to your guns when you re tempted to abandon a sound calculation because of froth in the market Perfect for beginning retail investors of all stripes, The Little Book of Value Investing will also earn a place in the libraries of veteran investors and portfolio managers seeking an expert reference covering the most time-tested lessons of value investing.

A concise and masterful discussion of a proven investing strategyThere 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. You'll explore how to value securities and find bargains in the stock market. You'll also learn to ignore irrelevant noise, "advice" from self-proclaimed gurus, and other obstacles that can throw you off your game.The Little Book of Value Investing also offers:* Strategies for analyzing public company financial statements and disclosures* Advice on when you truly require a specialist's opinion* Tactics for sticking to your guns when you're tempted to abandon a sound calculation because of froth in the marketPerfect for beginning retail investors of all stripes, The Little Book of Value Investing will also earn a place in the libraries of veteran investors and portfolio managers seeking an expert reference covering the most time-tested lessons of value investing.

Foreword xiAcknowledgments xixIntroduction xxiiiChapter One Buy Stocks like Steaks . . . On Sale 1Chapter Two What's It Worth? 10Chapter Three Belts and Suspenders for Stocks 18Chapter Four Buy Earnings on the Cheap 26Chapter Five Buy a Buck for 66 Cents 35Chapter Six Around the World with 80 Stocks 41Chapter Seven You Don't Need to Go Trekking with Dr. Livingston 49Chapter Eight Watch the Guys in the Know 58Chapter Nine Things That Go Bump in the Market 63Chapter Ten Seek and You Shall Find 70Chapter Eleven Sifting Out the Fool's Gold 78Chapter Twelve Give the Company a Physical 87Chapter Thirteen Physical Exam, Part II 94Chapter Fourteen Send Your Stocks to the Mayo Clinic 102Chapter Fifteen We Are Not in Kansas Anymore! (When in Rome . . .) 114Chapter Sixteen Trimming the Hedges 119Chapter Seventeen It's a Marathon, Not a Sprint 123Chapter Eighteen Buy and Hold? Really? 130Chapter Nineteen When Only a Specialist Will Do 139Chapter Twenty You Can Lead a Horse to Water, But . . . 145Chapter Twenty-One Stick to Your Guns 156Don't Take My Word for It 165Bibliography 177