Concise Guide to Value Investing: How to Buy Wonderful Companies at a Fair Price (Google eBook)
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:
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'.
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Stock Valuation Is a Business Worth the Sum of its Future Cash
Accounting Misrepresentation Mining Expenses
Characteristics of a Wonderful Business
Growth Acquisitions and Buybacks
Evaluating Corporate Management
Economic Impact of Interest Rates
When to Sell
List of Abbreviations