{"product_id":"the-conscious-investor-isbn-9780470604380","title":"The Conscious Investor","description":"\u003cb\u003eAn intriguing look at the full range of value methods brought together for the first time\u003c\/b\u003e  \u003cp\u003eThe biggest block to success in the stock market is unconscious investing, or following the crowd without asking the right questions such as: \"What is it really worth?\" Even more fundamental is: \"What rate of return can I confidently expect to get?\" Without having the methods to answer these questions is like trying to sail a boat without a rudder.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Conscious Investor\u003c\/i\u003e covers each of the main methods used to calculate value or return in the stock market, along with descriptions of how and when to use them, as well as their strengths and weaknesses. Interspersed throughout the methods are the timeless investment principles of Benjamin Graham and Warren Buffett. The book:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIncludes balance sheet methods, dividend discount methods, discounted cash flow methods, price ratio methods, and many others\u003c\/li\u003e \u003cli\u003eExplains the significance of viewing real value as a combination of a stock's price or market value and its intrinsic value\u003c\/li\u003e \u003cli\u003eComes with free access to key functions in the author's Conscious Investor software\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Conscious Investor\u003c\/i\u003e is indispensable reading for everyone with an interest in investing in the stock market, from novices to experienced professionals. Using this book as your guide, you'll quickly discover what it takes to be a conscious investor and gain more confidence in knowing what and when to buy, when to hold, and when to sell.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eChapter 1 What Is Intrinsic Value? 11\u003c\/p\u003e \u003cp\u003eChapter 2 Price Is What You Pay. . . 23\u003c\/p\u003e \u003cp\u003eChapter 3 . . . Value Is What You Get 53\u003c\/p\u003e \u003cp\u003eChapter 4 Follow the Money 71\u003c\/p\u003e \u003cp\u003eChapter 5 Everything Is Number and Ratio 109\u003c\/p\u003e \u003cp\u003eChapter 6 Measuring Value by Taking Snapshots 143\u003c\/p\u003e \u003cp\u003eChapter 7 A Bird in the Hand 169\u003c\/p\u003e \u003cp\u003eChapter 8 The Joy of Dividends 195\u003c\/p\u003e \u003cp\u003eChapter 9 Don’t Get Mad, Get Even 219\u003c\/p\u003e \u003cp\u003eChapter 10 PEG and Friends 229\u003c\/p\u003e \u003cp\u003eChapter 11 What Rate of Return Can I Expect? 241\u003c\/p\u003e \u003cp\u003eChapter 12 Please, Sir, I Want Some More 261\u003c\/p\u003e \u003cp\u003eChapter 13 Forecasting and the Three Most Important Words in Investing 287\u003c\/p\u003e \u003cp\u003eChapter 14 Where Do We Go from Here? 319\u003c\/p\u003e \u003cp\u003eAppendix A Relationship between Return on Equity and Growth of Earnings 323\u003c\/p\u003e \u003cp\u003eAppendix B Calculations for Discount Methods 325\u003c\/p\u003e \u003cp\u003eNotes 333\u003c\/p\u003e \u003cp\u003eGlossary 345\u003c\/p\u003e \u003cp\u003eAbout the Author 353\u003c\/p\u003e \u003cp\u003eDisclaimer 355\u003c\/p\u003e \u003cp\u003eIndex 357\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJOHN PRICE\u003c\/b\u003e is the developer of Conscious Investor, a software system for investing, based on the stock valuation methods of Warren Buffett. Dr. Price started his career as a mathematician, teaching finance and mathematics at major universities around the world. After publishing more than sixty papers in peer-reviewed journals and two books on mathematics, physics, and finance, he spent a decade evaluating different stock valuation methods. He has appeared on Bloomberg Radio, Fox News, and Bloomberg Television, and has been interviewed by leading finacial journals. Dr. Price is a highly regarded speaker and has consulted to major financial institutions, including Bankers Trust.\u003c\/p\u003e  \u003cp\u003e\"A book of exceptional practical value.\" —Martin Fridson  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe CONSCIOUS INVESTOR\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe United States is experiencing \"the worst financial crisis since the 1930s,\" according to George Soros. But you don't need one of the world's greatest investors to tell you what you already know. What would be useful is knowing how it is that he and other astute investors—Warren Buffett, Benjamin Graham, and Peter Lynch—made a great portion of their profits during times of extreme economic uncertainty. The short answer is: successful investors know which stocks to buy and when, as well as when to hold and when to sell. How do they know these things? \u003ci\u003eThe Conscious Investor: Profiting from the Timeless Value Approach\u003c\/i\u003e provides the answer—stock valuation methods. \u003c\/p\u003e\u003cp\u003eAs an investor, if you're unable to measure a stock's true value, then it's all but impossible to know whether your purchase is likely to prove profitable. Your \"unconscious investing\" makes your hope for a financially secure future just that—a wish left to the whims of a fickle financial market. In \u003ci\u003eThe Conscious Investor\u003c\/i\u003e, Dr. John Price describes the quantitative methods investors like Buffett use to determine value and, thus, whether or not an investment will make money. Dr. Price details: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eIntrinsic value and ways of measuring it\u003c\/li\u003e \u003cli\u003ePrice-setting mechanisms and influences in the stock market, as well as the difference between pure price theories and fundamental data theories\u003c\/li\u003e \u003cli\u003eReal value as a combination of intrinsic value and price\u003c\/li\u003e \u003cli\u003eAccounting and the role of financial statements (balance sheet, income statement, cash flow statement, and equity statement) in providing data for valuation methods\u003c\/li\u003e \u003cli\u003eOff–balance sheet obligations\u003c\/li\u003e \u003cli\u003eKey financial ratios in analyzing and filtering companies\u003c\/li\u003e \u003cli\u003eOver 20 valuation methods, including each of their strengths and weaknesses\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eDespite turbulence at the surface of \"the worst financial crisis since the 1930s,\" investors like Buffett, Soros, and Lynch understand that underneath the uncertainty, they're still dealing with real businesses with real products and services, and that it's possible to profitably invest in them using timeless valuation methods. With \u003ci\u003eThe Conscious Investor,\u003c\/i\u003e you'll know how the great investors profit from uncertainty. You'll begin the process of transforming yourself from a speculative hopeful into a wealth winner.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990194733285,"sku":"NP9780470604380","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470604380.jpg?v=1761786868","url":"https:\/\/k12savings.com\/products\/the-conscious-investor-isbn-9780470604380","provider":"K12savings","version":"1.0","type":"link"}