Margin of Safety: Risk-averse Value Investing Strategies for the Thoughtful Investor

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HarperBusiness, 1991 - Business & Economics - 249 pages
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The disciplined pursuit of bargains makes value investing very much a risk-averse approach. The greatest challenge for value investors is maintaining the required discipline. Being a value investor usually means standing apart from the crowd, challenging conventional wisdom, and opposing the prevailing investment winds. It can be a very lonely undertaking. A value investor may experience poor, even horrendous, performance compared with that of other investors or the market as a whole during prolonged periods of market overvaluation. Yet over the long run the value approach works so successfully that few, if any, advocates of the philosophy ever abandon it. - Author.

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too expensive :D

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투자의 세계에 있어서 신약성경의 요한복음과 같은 책.
가치투자의 로고스를 담고 있다.

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