{"product_id":"invest-like-a-guru-isbn-9781119362364","title":"Invest Like a Guru","description":"\u003cp\u003e\u003cb\u003eAdopt the investment strategy that built Warren Buffett's fortune\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eInvest Like a Guru\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eWarren 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLearn the principles and concepts of high-quality-focused value investing\u003c\/li\u003e \u003cli\u003eUnderstand the analysis process and valuation of prospective investments\u003c\/li\u003e \u003cli\u003eAvoid the value traps that can trigger permanent losses\u003c\/li\u003e \u003cli\u003eStudy clear examples of key ratios and calculations\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e We can't \u003ci\u003eall\u003c\/i\u003e become the next Warren Buffett, but we \u003ci\u003ecan\u003c\/i\u003e boost returns while reducing risk using the right investment strategy. High-quality-focused value investing provides a path to profit, and \u003ci\u003eInvest Like a Guru\u003c\/i\u003e is the one-of-a-kind guidebook for getting on track.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eIntroduction xi\u003c\/p\u003e \u003cp\u003eChapter 1 The Gurus 1\u003c\/p\u003e \u003cp\u003eChapter 2 Deep-Value Investing and Its Inherent Problems 24\u003c\/p\u003e \u003cp\u003eChapter 3 Buy Only Good Companies! 38\u003c\/p\u003e \u003cp\u003eChapter 4 Again, Buy Only Good Companies— and Know Where to Find Them 62\u003c\/p\u003e \u003cp\u003eChapter 5 Buy Good Companies at Fair Prices 80\u003c\/p\u003e \u003cp\u003eChapter 6 Buy Good Companies: The Checklist 101\u003c\/p\u003e \u003cp\u003eChapter 7 Failures, Errors, and Value Traps 115\u003c\/p\u003e \u003cp\u003eChapter 8 Passive Portfolios, Cash Level, and Performance 132\u003c\/p\u003e \u003cp\u003eChapter 9 How to Evaluate Companies 142\u003c\/p\u003e \u003cp\u003eChapter 10 Market Cycles and Valuations 168\u003c\/p\u003e \u003cp\u003eEpilogue 181\u003c\/p\u003e \u003cp\u003eNotes 183\u003c\/p\u003e \u003cp\u003eAbout the Author 190\u003c\/p\u003e \u003cp\u003eIndex 191\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eCharlie Tian, PhD,\u003c\/b\u003e 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.     \u003c\/p\u003e\u003cp\u003eThe legendary value investor Warren Buffett is widely quoted as saying, \"I would rather buy good companies at fair prices than buy fair companies at good prices.\" That simple rule of thumb built him a fortune and is now known as high-quality value investing. The fundamental key to amassing wealth with this type of investment strategy is to accurately measure price and quality, and \u003ci\u003eInvest Like a Guru\u003c\/i\u003e is your single-source solution to doing both.  \u003c\/p\u003e\u003cp\u003eWritten by the founder and leading force behind GuruFocus.com, Charlie Tian, this groundbreaking guidebook puts the wealth-creation potential of high-quality value investing into the hands of investors with all levels of experience. With the same straightforward and accessible explanations that draw thousands of new users to GuruFocus each month, this step-by-step road map takes you through the ins and outs of determining if a company is a good investment and assessing a reasonable market price. The entire first section shows you where to look for companies with potential for high returns with minimal risk. It demonstrates how common publicly available business reports can shed a revealing light on the true health of a company, with specific advice for identifying signs of possible problems and promising breakouts. Illustrative examples from both research and firsthand practice clarify how the concepts and principles play out in the real world so you can implement them with confidence. Whether you're new to managing assets or need to upgrade your current strategy, this single resource sets you up for continuous success by giving you: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHands-on tools and convenient checklists  for streamlining your company assessments  and valuations\u003c\/li\u003e \u003cli\u003eProfit-maximizing guidance for avoiding   costly mistakes, digging up unseen signs of   failure, and keeping out of value traps\u003c\/li\u003e \u003cli\u003eA complete primer and operator's manual to  the high-quality value investing strategy used  all over the world to collect dependable  returns on investment over time\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOnly fit companies can deliver sustainable healthy returns, and you can find them all with \u003ci\u003eInvest Like a Guru.\u003c\/i\u003e     \u003c\/p\u003e\u003cp\u003ePraise for \u003cb\u003eInvest Like a Guru\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Charlie Tian has provided in \u003ci\u003eInvest Like a Guru\u003c\/i\u003e 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.\"\u003cbr\u003e \u003cb\u003e —Thomas A. Russo,\u003c\/b\u003e Managing Member, Gardner Russo \u0026amp; Gardner LLC  \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eInvest Like a Guru\u003c\/i\u003e 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.\"\u003cbr\u003e \u003cb\u003e —Scott Fearon,\u003c\/b\u003e author of \u003ci\u003eDead Companies Walking: How a Hedge Fund   Manager Finds Opportunity in Unexpected Places\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\"If you want to invest like a guru, read this book. It is full of insights and reminders of dos and don'ts.\"\u003cbr\u003e \u003cb\u003e —Vitaliy N. Katsenelson,\u003c\/b\u003e CIO, Investment Management Associates, Inc.,   and author of \u003ci\u003eThe Little Book of Sideways Markets\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\"Dr. Tian has read everything the best value investors have written and packaged this sage wisdom in \u003ci\u003eInvest Like a Guru\u003c\/i\u003e. Aspiring value investors should read it!\"\u003cbr\u003e \u003cb\u003e —Wesley R. Gray, PhD,\u003c\/b\u003e CEO, Alpha Architect, and coauthor of \u003ci\u003eQuantitative Value\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989472264421,"sku":"NP9781119362364","price":37.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119362364.jpg?v=1761784237","url":"https:\/\/k12savings.com\/es\/products\/invest-like-a-guru-isbn-9781119362364","provider":"K12savings","version":"1.0","type":"link"}