Invest Like a Guru – How to Generate Higher Returns At Reduced Risk With Value Investing
Autor C Tianen Limba Engleză Hardback – 12 iun 2017
Invest Like a Guru provides an invaluable resource for high–quality–focused value investing, with expert insight and practical tools for implementation. Written by the man behind GuruFocus.com, this book expands on the site′s value strategies and research tools to provide a primer for those exploring pathways to higher returns at lower risk. The book begins with an insightful explanation of high–quality–focused value investing concepts, then quickly moves into practical, detailed guidance on analysis, valuation, key factors, and risks to avoid. Case studies demonstrate real–world application of various analysis methods, and the discussion walks you through important calculations using real examples. Author Charlie Tian draws upon his own experiences and lessons learned to provide true insight on high–quality–focused value investing as a strategy, providing both reference and expert advice in this singularly useful guide.
Warren Buffett once said, "I would rather buy good companies at fair prices than buy fair companies at good prices." That′s how he built his fortune, and his method is what we now call high–quality–focused value investing. This book shows you how to determine what constitutes "good companies" and "fair prices," with practical tools for real–world application.
- Learn the principles and concepts of high–quality–focused value investing
- Understand the analysis process and valuation of prospective investments
- Avoid the value traps that can trigger permanent losses
- Study clear examples of key ratios and calculations
Preț: 187.03 lei
Nou
35.81€ • 37.22$ • 29.69£
Carte disponibilă
Livrare economică 16-30 ianuarie 25
Livrare express 01-07 ianuarie 25 pentru 26.93 lei
Specificații
ISBN-10: 1119362369
Pagini: 224
Dimensiuni: 161 x 235 x 24 mm
Greutate: 0.39 kg
Editura: Wiley
Locul publicării:Hoboken, United States
Public țintă
Institutional investors, value investors, GuruFocus subscribers.Descriere
Adopt the investment strategy that built Warren Buffett′s fortune
Invest Like a Guru provides an invaluable resource for high–quality–focused value investing, with expert insight and practical tools for implementation. Written by the man behind GuruFocus.com, this book expands on the site′s value strategies and research tools to provide a primer for those exploring pathways to higher returns at lower risk. The book begins with an insightful explanation of high–quality–focused value investing concepts, then quickly moves into practical, detailed guidance on analysis, valuation, key factors, and risks to avoid. Case studies demonstrate real–world application of various analysis methods, and the discussion walks you through important calculations using real examples. Author Charlie Tian draws upon his own experiences and lessons learned to provide true insight on high–quality–focused value investing as a strategy, providing both reference and expert advice in this singularly useful guide.
Warren Buffett once said, "I would rather buy good companies at fair prices than buy fair companies at good prices." That′s how he built his fortune, and his method is what we now call high–quality–focused value investing. This book shows you how to determine what constitutes "good companies" and "fair prices," with practical tools for real–world application.
- Learn the principles and concepts of high–quality–focused value investing
- Understand the analysis process and valuation of prospective investments
- Avoid the value traps that can trigger permanent losses
- Study clear examples of key ratios and calculations
We can′t all become the next Warren Buffett, but we can boost returns while reducing risk using the right investment strategy. High–quality–focused value investing provides a path to profit, and Invest Like a Guru is the one–of–a–kind guidebook for getting on track.
Textul de pe ultima copertă
Praise for Invest Like a Guru
"Charlie Tian has provided in Invest Like a Guru a valued checklist that derives lessons from a lifetime spent observing great investors at work. Dr. Tian provides tools that show how paying fair prices for businesses capable of reinvestment at high rates of return over time provides tax–advantaged, long–term compound investment returns."
Thomas A. Russo, Managing Member, Gardner Russo & Gardner LLC
"Invest Like a Guru is a valuable resource for any aspiring stock picker, and an engaging read for novice and seasoned investors alike. Charlie Tian skillfully dissects the methods of legends like Warren Buffett and Peter Lynch, as well as those of lesser–known but equally successful figures."
Scott Fearon, author of Dead Companies Walking: How a Hedge Fund Manager Finds Opportunity in Unexpected Places
"If you want to invest like a guru, read this book. It is full of insights and reminders of dos and don′ts."
Vitaliy N. Katsenelson, CIO, Investment Management Associates, Inc., and author of The Little Book of Sideways Markets
"Dr. Tian has read everything the best value investors have written and packaged this sage wisdom in Invest Like a Guru. Aspiring value investors should read it!"
Wesley R. Gray, PhD, CEO, Alpha Architect, and coauthor of Quantitative Value
Cuprins
Acknowledgments ix
Introduction xi
Chapter 1 The Gurus 1
Chapter 2 Deep–Value Investing and Its Inherent Problems 24
Chapter 3 Buy Only Good Companies! 38
Chapter 4 Again, Buy Only Good Companies and Know Where to Find Them 62
Chapter 5 Buy Good Companies at Fair Prices 80
Chapter 6 Buy Good Companies: The Checklist 101
Chapter 7 Failures, Errors, and Value Traps 115
Chapter 8 Passive Portfolios, Cash Level, and Performance 132
Chapter 9 How to Evaluate Companies 142
Chapter 10 Market Cycles and Valuations 168
Epilogue 181
Notes 183
About the Author 190
Index 191
Notă biografică
Charlie Tian, PhD, is the founder and CEO of the value–investing website GuruFocus.com. He is the creator of the website′s value screeners, strategies, and research tools, which are used by more than half a million investors monthly, as well as professors and students from more than 100 universities worldwide.