Concise Guide to Value Investing: How to Buy Wonderful Companies at a Fair PriceISBN: 978-0-7314-0793-4
Paperback
232 pages
April 2013
Other Available Formats: E-book
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The business performance creates the value -- the price creates
the OPPORTUNITY.
No-one likes to pay too much for something. We all like to thing that what we buy is ' good value'. It's not different when we purchase a share in company listed on the stock market.
In the Concise Guide to Value Investing, Brian McNiven reveals how to calculate the true value of a company to find out whether you are paying a fair price. This fascinating book explores:
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value investing versus speculation
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the difference between price and value
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variable values of a dollar of earnings
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accounting misrepresentation
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the characteristics of a wonderful business
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the StockVal® valuation formula.
Two of the world's most successful investors, Warren Buffett and Charlie Munger, are self-confessed value investors. McNiven often draws on their wisdom to support his approach to value investing,which he defines as buying a share at a price lower than its calculated value. Only investors who have the ability to calculate value can call themselves 'value investors'.