What Is It About?
The book describes fundamental investing as followed by the Graham-Buffett style of value investing. The book covers topics such as business analysis, developing a focused portfolio, and understanding the value of finding low risk-high probability of success investments. Overall, the book helps new investors achieve success in the stock market following a disciplined investing approach.
What Did I Get Out Of It As A New Investor?
Straight forward book on value investing. Using examples from his own work as a private fund manager the author helps the new investor understand how to use a focused fundamental style of investing in order to achieve success. Touching on such important topics as discounted cash flow analysis, competitive advantage, and margin of safety, the book educates the new investor on the basic principles that Warren Buffett and others encourage all investors to follow. Short and to the point, the book delivers a lot of value to the new investor.
The Good News
For those who are looking for a solid introduction to focused value investing this book does the job.
The Bad News
Great book for the new value investor, less so for the more experienced investor already adept at using the techniques of fundamental investing.
The Bottom Line
If you want a book to help you understand value investing, this book can help you accomplish your goal.
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