Getting Started in Value Investing

by Charles Mizrahi

An accessible introduction to the proven method of value investing An ardent follower of Warren Buffett-the most high-profile value investor today-author Charles Mizrahi has long believed in the power of this proven approach. Now, with Getting Started in Value Investing, Mizrahi breaks down this successful strategy so that anyone can learn how to use it in his or her own investment endeavors. Written in a straightforward and accessible style, this book helps readers gain an overall understanding of the value approach to investing and presents statistics that reveal the overwhelming success of this approach through a variety of markets. Engaging and informative, Getting Started in Value Investing skillfully shows readers how to look for undervalued companies and provides them with the tools they need to succeed in today's markets. Charles S. Mizrahi (Brooklyn, NY) is Managing Partner of CGM Partners Fund LP. He is also editor of Hidden Values Alert, a monthly newsletter focused on value investing. Mizrahi has more than 25 years of investment experience and is frequently quoted in the press. Many of his articles appear online at gurufocus.com as well as on other financial sites.

Genres: Finance, Nonfiction

208 pages, Paperback

First published October 5, 2007

Reviews

[Osh · Rating 5 out of 5]

เล่มนี้มีทุกอย่างที่คุณต้องการถ้าอยากเป็นักลงทุน VI จะเป็นการดีเป็นอย่างมาก ถ้าเริ่มจากเล่มนี้ก่อน แล้วค่อยต่อยอดไปอ่าน The Intelligence Investor, Security Analysis, One upon Wall Street, Common Stock and Uncommon Profit

จริง ๆ อ่านเล่มนี้จบแล้ว ผมคิดว่าควรจะอ่าน The Education of an Value Investor และ The Dhando Investor ด้วย จะทำให้อินมาก และเริ่มต้นprocessการเรียนรู้อย่างเป็นระบบมากขึ้น ตอนผมเริ่มลงทุนผมก็เริ่มจาก The Intelligence Investor และ One upon Wall Street แต่ยุคนี้มีหนังสือดี ๆ ที่อ่านง่ายมากมาย ความรู้ก็หาง่ายขึ้นเยอะ ติดตรงไหนเข้า google ดู YouTube ก็ได้คำตอบแล้ว จริง ๆ ผมอยากจะเขียน review หนังสือเป็นภาษาอังกฤษมาตลอด แต่ที่เขียน review เป็นภาษาไทยก็เพราะคิดว่า ถ้าคนไทยได้อ่านreviewของหนังสือที่ผมอ่านจบ แล้วพวกเค้าได้มีโอกาสอ่านและนำความรู้ที่ได้ไปต่อยอดพัฒนาคุณภาพชีวิตของตัวเองให้ดีขึ้นได้ นั่นก็ถือว่าเป็นการช่วยชาติทางอ้อมอย่างนึงแล้วครับ 5555

[Jap Hengky · Rating 5 out of 5]

The goal of investing is to buy great businesses at prices that, over time, will produce above-average returns. A stock market investor should look at the profit margins, operating incomes, and the return on equity of a business, regardless of whether it is labeled a "value" or a "growth" stock, and then factor in future earnings growth to determine whether the stock is undervalued or overvalued.

[Cameron Murphy · Rating 4 out of 5]

Really good book for those beginning in finance and, obviously, value investing. Informative and reads in a way that’s understandable for people without strong backgrounds in accounting. I would recommend to someone starting in value investing like I was.

[JIGAR SANDESARA · Rating 5 out of 5]

Great book

Great book, enjoyed reading it. Throughly goes over the value investing concepts. Informative on speaking of one should look at the business

[van1998 · Rating 3 out of 5]

ธุรกิจยอดเยี่ยมในราคาที่เหมาะสม ดีกว่าธุรกิจธรรมดาในราคาที่ถูก

[Joey · Rating 5 out of 5]

A great starter kit to value investing (fitting title), but flawed in valuation methods. I spoke with the author a few times, and he's not a fan of DCF and this comes through in his book as he uses relies on EPS and somewhat arbitrary P/E multipliers to determine future value of stocks.

With that said, I have no complaints about this book for someone looking to wrap their heads about what value investing is and how to get started. It's easy reading, well-organized, not too technical, yet full of insight. Basically it's a poor man's version of Graham and Dodd

On a sidenote, Finviz.com is a great free screener with all the criteria Charles talks about in valuation and more.

[Jason · Rating 3 out of 5]

This is a good overview of what Value Investing is. He parrots himself throughout the book and at times you wonder how short the book would be if he only stated an idea once.

His method is not the only one out there to estimate the intrinsic value of stocks, but it gives you an idea of the things that you need to look into. Once you set up a spreadsheet, the method just becomes combing through the annual reports of the companies that you are interested in.

As a novice investor, this was a worthwile read.

[Marshall · Rating 4 out of 5]

Value investing is like the Aikido of investing, using the volatile market forces to the investor's advantage. Simple in theory, difficult in practice. This book does a fabulous job at showing just how simple it really is, but also that it's not for the faint of heart.

I've read several books on value investing, and this is only book I've found that goes beyond the philosophy and breaks it down to the nuts and bolts. That said, it does repetitively hammer away on the philosophy.

[Jonathan · Rating 5 out of 5]

If you're only going to read one book on investing, this would be a good one. Another older book with a great reputation (which I have not yet read) and on which this book is largely based is Graham and Dodd's "Security Analysis". Stock market investing will always be risky, but it can actually be much simpler and safer if you take a rational approach to it like these guys all do.

[Terrance · Rating 4 out of 5]

This is definately the first book to read if you're getting into value investing. Reading a Benjamin Graham or Warren Buffet book can be very confusing. This book will introduce you to the subject of value investing in an easy and noncomplex manner.

[Tom · Rating 5 out of 5]

If you want to learn about Benjamin Graham's style of value investing, this is a must read! Actually, if you want to learn a successful investing strategy, then read this book!!! It is well written and easy to read. I highly recommend this book!!!

[Laura · Rating 4 out of 5]

The first 8 chapters were interesting, but I felt like I either already knew what he was saying, or was being convinced of a theory to which I already subscribed. Chapters 9 and 10 though seem super useful. Now I just have to use what I've learned...

[Neeraj Sharma · Rating 4 out of 5]

This is wonderful book having essence of multiple books, references with short and concise information. I admired the way Charles wrote it making relevant, resourceful and interesting at the same time.

[Dreamybee · Rating 5 out of 5]

I think this is a great starter for anyone considering investing in stocks. Lots of good information that is easy to understand.

[Julian Bu · Rating 3 out of 5]

nothing wrong, but very basic material on value investing.