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The 5 Keys to Value Investing

The 5 Keys to Value Investing


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About the Book

Value investing is considered one of the most successful investing methods in use today. After a Brief fall into disfavor in the late 1990s, value investing is gaining the attention of investors who must deal with the harsh realities of today's market. In The Five Keys to Value Investing, the author, who cut his value investing teeth as a senior analyst with the Mutual Series Fund of well-known value investor Michael Price, introduces the investor to this deceptively simple method of investing and shows how value investing really works. Written from the perspective of a professional value investor, The Five Keys to Value Investing is based on the approaches and tools used at value oriented investment firms and draws heavily from the approaches and methods used by Michael Price. Practical and hands-on, the book focuses on obtaining and correctly applying, under various situations, a specific set of tools to make the right investment decision. Value investors do not "pick" stocks; they assess and buy businesses. The book gives a defined framework with specific tools and solid mechanics to do the proper assessment. These tools - valuation methods and business analysis - have stood the test of time and have proven to be robust through a wide range of market conditions. The opening chapter explains the foundation and philosophy behind value investing. The book then lays out the four basic elements that guide value investing: - Understand whether an investment opportunity is a good business to own and specific tools to assess if a company operates a good business - Explore the balance between price and value by helping you properly assess the price and bridge the gap between price and value - Identify and measure the potential effect of events that will spur stock price appreciation - Determine the safety levels of the stock, i.e., the margin of safety analysis The author demonstrates how to put into action these elements of value investing to assess the type of investment you are considering and identify key targets. The book shows the value investor how to monitor the business after purchasing shares. There is also a section on how to generate your own value investment ideas and how to build a portfolio of value stocks. The Five Keys to Value Investing provides a robust framework for making the best investment decisions in turbulent times.

About the Author :
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide


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Product Details
  • ISBN-13: 9780071402316
  • Publisher: McGraw-Hill Education - Europe
  • Publisher Imprint: McGraw-Hill Professional
  • Height: 231 mm
  • No of Pages: 208
  • Spine Width: 23 mm
  • Width: 158 mm
  • ISBN-10: 0071402314
  • Publisher Date: 16 Nov 2002
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Weight: 516 gr


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