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Value Investing For Dummies
Want to follow in Warren Buffett’s investing footprints? Value Investing For Dummies , 2nd Edition, explains what value investing is and how to incorporate it into your overall investment strategy. It presents a simple, straightforward way to apply proven investment principles, spot good deals, and produce extraordinary returns. This plain-English guide reveals the secrets of how to value stocks, decide when the price is right, and make your move. You’ll find out why a good deal is a good deal, no matter what the bulls and bears say, get tips in investing during jittery times, and understand how to detect hidden agendas in financial reports. And, you’ll uncover the keys to identifying the truly good businesses with enduring and growing value that continually outperform both their competition and the market as a whole. Discover how Complete with helpful lists of the telltale signs of value and “unvalue,” as well as the habits of highly successful value investors, Value Investing For Dummies, 2 nd Edition, could be the smartest investment you’ll ever make!
384 pages, Paperback
First published January 1, 2001
36 people are currently reading
150 people want to read
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Displaying 1 - 9 of 9 reviews
June 11, 2013
The book I read to research this post was Value Investing For Dummies by Peter J Sander which is an excellent book which I bought from Kindle. This book is aimed at people who know a little bit about investing and are particularly interested in buying shares although the book does look at other types of investment as well. One thing it suggests is typing George Soros share holdings into google to see what he or another prominent investor is investing in. Companies shares tend to track the true value of the company but they may fluctuate wildly. 2 of the basis for valuing a company are liquidation value which is if a companies assets were sold tomorrow, what would they fetch. Another popular one which may be more accurate is intrinsic value which includes a companies assets, current profits and forecasted profits. Another valid thing is increase or decrease in market share. 2 useful websites are http://finance.yahoo.com & http://google.finance.com. Both these sites are free and pretty good. An interesting bit of advice if you are trying to value a company and are having major problems is move on to another company. Some people find it useful to meet the management prior to making a major investment. If you do this you need to be experienced and know what you are looking for. A final bit of advice is don't be too eager to sell your shares. If you sell them after 12 months you must pay tax on them but if you hang on to them for several years the profit accrues and you don't pay tax until you sell them. It should save you a bit of money. This book is written with the American market in mind so if like me you are English you must adapt the information. A great book nonetheless.
June 30, 2019
I found this book a little hard to follow and not easily relatable to my own life. I am still happy I read it.
January 27, 2018
I've read a few investing books and this one does a little better at explaining the advice the give. Other books assume the reader has a vast knowledge of terminology, whereas this book explains terms and also uses financial statement diagrams to show you exactly what it's talking about. However, I'd say there is plenty of room for improving this as some things are still convoluted.
March 24, 2018
this is a very complete book on the topic. helped me revise some ideas/concepts. very useful for the beginner also.
October 6, 2015
When did Dummies books stop being for dummies? I despised these books for so long, resenting the idea that everything should be dumbed down to the lowest common denominator. It was only after I've exhausted every value investing book I could find that I finally held my nose and got Value Investing for Dummies. Wow! This book doesn't mess around. Sure, it's got all the Dummies icons and comics, with the occasional irreverence, but this book is definitely not dumbed down. It's the only decent value investing book I've ever read. I finally feel like I "grok" value investing, seeing how the value investing philosophy fits together with the nitty gritty calculations.
It is thorough. It explains the philosophy of value quite well, and dives in deep to the business fundamentals, balance sheets, cash flow statements, earnings statements, all the useful ratios for analyzing a business, intrinsic value calculations, all along using an actual company's financials as an example. It also talks about Warren Buffett's investing philosophy, when you should buy and when you should sell, intagible business features, and even REITs, mutual funds, and ETFs. It ends with a summary of ten signs of value, ten signs of unvalue, and ten habits of successful value investors. In other words, everything you really need, and then some, all in a very readable and well-organized book.
I would have liked to see a chapter that walks you through the whole process, from beginning to end. The stock screen, the thought-processes behind which companies to look into further, the research of a company, the choosing of a company, the purchase, the ongoing analysis, and the sale. It wouldn't need to go into detail, just reference page numbers where those details are given. Otherwise, I have no gripes about this book.
ADDENDUM: I've read this book three times now because value investing is not easy, and it goes against our instincts. I have a new gripe about this book though, which is that it wears out its welcome toward the end, in the attempt to repeatedly summarize.
It is thorough. It explains the philosophy of value quite well, and dives in deep to the business fundamentals, balance sheets, cash flow statements, earnings statements, all the useful ratios for analyzing a business, intrinsic value calculations, all along using an actual company's financials as an example. It also talks about Warren Buffett's investing philosophy, when you should buy and when you should sell, intagible business features, and even REITs, mutual funds, and ETFs. It ends with a summary of ten signs of value, ten signs of unvalue, and ten habits of successful value investors. In other words, everything you really need, and then some, all in a very readable and well-organized book.
I would have liked to see a chapter that walks you through the whole process, from beginning to end. The stock screen, the thought-processes behind which companies to look into further, the research of a company, the choosing of a company, the purchase, the ongoing analysis, and the sale. It wouldn't need to go into detail, just reference page numbers where those details are given. Otherwise, I have no gripes about this book.
ADDENDUM: I've read this book three times now because value investing is not easy, and it goes against our instincts. I have a new gripe about this book though, which is that it wears out its welcome toward the end, in the attempt to repeatedly summarize.
December 1, 2015
I read this as we are investing a significant portion of our family treasure in shares.... so I thought I needed to invest some time so I can better understand what I am doing.
I have learned mostly how much I do not know. I have realized I was a mere speculator in my previous picks. Diligence is a time consuming process. I was doing somethings right in my thinking, however I will be more critical in the future when picking stacks.
A dry book, but I am wiser for having read it (and hopefully become richer).
I have learned mostly how much I do not know. I have realized I was a mere speculator in my previous picks. Diligence is a time consuming process. I was doing somethings right in my thinking, however I will be more critical in the future when picking stacks.
A dry book, but I am wiser for having read it (and hopefully become richer).
October 23, 2012
This serves as a high level review of basic finance and investing concepts for a value-oriented investor's approach. I read it quickly, having remembered much of the material from business school. And it pales in comparison to actually reading Securities Analysis or the Intelligent Investor, but it would in theory serve as a benign introduction to value investing for the lay reader.
June 14, 2013
The book is excellent for people who want to understand the basics of value investing. By value investing, I mean investing in companies based on their real value.
This will let you go over the basics of financial statements, indicators, intrinsic value and strategic valuation,
After reading the book, you will look at the companies in the stock market with different mindset and perspectives.
This will let you go over the basics of financial statements, indicators, intrinsic value and strategic valuation,
After reading the book, you will look at the companies in the stock market with different mindset and perspectives.
October 19, 2015
It is a good book, but is useful as a guide and not a book per se. It is great for beginners in the value investing world. The problem is that the author focused only in the Buffett-Munger value style and he forgot to include more about deep value and not just the Graham Formula and Net-net. Value investing is not just Buffett. Period.
Displaying 1 - 9 of 9 reviews