value.able

by Roger Montgomery

How to value the best stocks and buy them for less than they're worth

Genres: Business

261 pages, Paperback

First published January 1, 2010

Reviews

[Jacob · Rating 3 out of 5]

3.5/5

[Peter Hutchinson · Rating 5 out of 5]

The best book on shares/business investment that I have read.

[Gary Morris · Rating 4 out of 5]

Very good book, one of the better ones I have read on the topic. Highly recommend

[Nick · Rating 3 out of 5]

This was one of the first investment books I read, and at the time I thought it excellent. There are some good principles throughout this book. The concepts and examples are useful but upon reflection, best taken with a critical eye. I got the sense that the book presents a basic overview of value investing, without really providing a complete picture. It does present some tables to assist in estimating intrinsic value, they're a bit of a black box. The disappointing thing was that the formula and it's assumptions aren't explained to the reader. Overall it's an easy-to-read book that perhaps left me feeling more confident about my new found investing skills than I ought to, given that in the years since I've read somewhat more and am realising how much I have to learn to fairly value a business and apply that to investment in equities. To be fair, the first half of the book is well worth reading for a novice investor interested in basic concepts of Value. This first half is easy to read and entertaining, and the concepts relayed in a manner not too technical to grasp. Montgomery got me interested in Value investing so I'm thankful I came across his writing when I did.

[Joel Gray · Rating 3 out of 5]

KNOWING WHICH BUSINESSES ARE EXTRAORDINARY IS THE EASIEST BIT. THE HARD PART IS BEING PATIENT.

It is human nature to assume that when one doesn't understand what one is being told, then the fault must lie with the listener. It took me a few years to discover that more often the fault is with the speaker.

The market should be taken advantage of, not listened to.

Risk in investing comes from many sources but the price you pay is arguably more significant than anything else.

1200 out of the 1900 listed ASX companies are not profitable.

The very best companies with LT CA's have no need for debt.

Unrealised capital gains at an interest free loan from the Government.

[Thomas · Rating 4 out of 5]

Roger Montgomery in Value.Able manages to communicate and explain timeless value investing principles with absolute clarity and simplicity. He does by providing examples for every point that is made, boldfacing important points throughout the book and writing in plain english.

I would recommend this book to any beginner investor or anyone who is interested in value investing.

Definitely a book to re-read every now and then.

[Helen · Rating 5 out of 5]

This great book tells it how it is. I have now read it several times, and shall continue to do so. Required reading.

[Sebastian · Rating 5 out of 5]

A great insight into investing.

[Nathan Berton · Rating 5 out of 5]

Easy to understand and follow. Really great advice.

[Mark · Rating 1 out of 5]

rubbish. Gave up