Concise Guide to Value Investing: How to Buy Wonderful Companies at a Fair Price

Concise Guide to Value Investing: How to Buy Wonderful Companies at a Fair Price
ISBN-10
1118320344
ISBN-13
9781118320341
Category
Business & Economics
Pages
226
Language
English
Published
2016-05-12
Publisher
John Wiley & Sons
Author
Brian McNiven

Description

The business performance creates the value -- the price createsthe OPPORTUNITY. No-one likes to pay too much for something. We all like to thingthat what we buy is ' good value'. It's not different when wepurchase a share in company listed on the stock market. In the Concise Guide to Value Investing, Brian McNivenreveals how to calculate the true value of a company to find outwhether you are paying a fair price. This fascinating bookexplores: value investing versus speculation the difference between price and value variable values of a dollar of earnings accounting misrepresentation the characteristics of a wonderful business the StockVal® valuation formula. Two of the world's most successful investors, Warren Buffett andCharlie Munger, are self-confessed value investors. McNiven oftendraws on their wisdom to support his approach to valueinvesting,which he defines as buying a share at a price lower thanits calculated value. Only investors who have the ability tocalculate value can call themselves 'value investors'.

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