{"product_id":"the-little-book-of-value-investing-isbn-9780470055892","title":"The Little Book of Value Investing","description":"\u003cp\u003e\u003cb\u003eA concise and masterful discussion of a proven investing strategy\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThere are many ways to make money in today’s market, but the one strategy that has truly proven itself over the years is value investing. Now, with \u003ci\u003eThe Little Book of Value Investing\u003c\/i\u003e, Christopher Browne shows you how to use this wealth-building strategy to successfully buy bargain stocks around the world. You’ll explore how to value securities and find bargains in the stock market. You’ll also learn to ignore irrelevant noise, “advice” from self-proclaimed gurus, and other obstacles that can throw you off your game.\u003c\/p\u003e \u003cp\u003eT\u003ci\u003ehe Little Book of Value Investing\u003c\/i\u003e also offers:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eStrategies for analyzing public company financial statements and disclosures\u003c\/li\u003e \u003cli\u003eAdvice on when you truly require a specialist’s opinion\u003c\/li\u003e \u003cli\u003eTactics for sticking to your guns when you’re tempted to abandon a sound calculation because of froth in the market\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for beginning retail investors of all stripes, \u003ci\u003eThe Little Book of Value Investing\u003c\/i\u003e will also earn a place in the libraries of veteran investors and portfolio managers seeking an expert reference covering the most time-tested lessons of value investing.\u003c\/p\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eIntroduction xxiii\u003c\/p\u003e \u003cp\u003eChapter One Buy Stocks like Steaks . . . On Sale 1\u003c\/p\u003e \u003cp\u003eChapter Two What’s It Worth? 10\u003c\/p\u003e \u003cp\u003eChapter Three Belts and Suspenders for Stocks 18\u003c\/p\u003e \u003cp\u003eChapter Four Buy Earnings on the Cheap 26\u003c\/p\u003e \u003cp\u003eChapter Five Buy a Buck for 66 Cents 35\u003c\/p\u003e \u003cp\u003eChapter Six Around the World with 80 Stocks 41\u003c\/p\u003e \u003cp\u003eChapter Seven You Don’t Need to Go Trekking with Dr. Livingston 49\u003c\/p\u003e \u003cp\u003eChapter Eight Watch the Guys in the Know 58\u003c\/p\u003e \u003cp\u003eChapter Nine Things That Go Bump in the Market 63\u003c\/p\u003e \u003cp\u003eChapter Ten Seek and You Shall Find 70\u003c\/p\u003e \u003cp\u003eChapter Eleven Sifting Out the Fool’s Gold 78\u003c\/p\u003e \u003cp\u003eChapter Twelve Give the Company a Physical 87\u003c\/p\u003e \u003cp\u003eChapter Thirteen Physical Exam, Part II 94\u003c\/p\u003e \u003cp\u003eChapter Fourteen Send Your Stocks to the Mayo Clinic 102\u003c\/p\u003e \u003cp\u003eChapter Fifteen We Are Not in Kansas Anymore! (When in Rome . . .) 114\u003c\/p\u003e \u003cp\u003eChapter Sixteen Trimming the Hedges 119\u003c\/p\u003e \u003cp\u003eChapter Seventeen It’s a Marathon, Not a Sprint 123\u003c\/p\u003e \u003cp\u003eChapter Eighteen Buy and Hold? Really? 130\u003c\/p\u003e \u003cp\u003eChapter Nineteen When Only a Specialist Will Do 139\u003c\/p\u003e \u003cp\u003eChapter Twenty You Can Lead a Horse to Water, But . . . 145\u003c\/p\u003e \u003cp\u003eChapter Twenty-One Stick to Your Guns 156\u003c\/p\u003e \u003cp\u003eDon’t Take My Word for It 165\u003c\/p\u003e \u003cp\u003eBibliography 177\u003c\/p\u003e  \"Fools would be well-served to place \u003ci\u003eThe Little Book of Value Investing\u003c\/i\u003e on their holiday shopping lists\". (\u003ci\u003eFool.com\u003c\/i\u003e, December 12, 2006)  \u003cp\u003e\"sharply written...gets you fired up about buying stocks\" (\u003ci\u003eUSA Today\u003c\/i\u003e, December 4, 2006)\u003c\/p\u003e \u003cp\u003e\"If you are a value investor by temperament, you will (or should) find a lot that is persuasive in what Christopher Browne has to say about the craft of value investing in a delightful new book out this autumn...It is nicely written and utterly persuasive if long-term investment success is what you are after and your temperament is equipped to handle the psychological pressures of making non-consensus investments.\" (\u003ci\u003eThe Independent\u003c\/i\u003e, November 2006)\u003c\/p\u003e \u003cp\u003e\"elegant new treatise on the art of value investing. . .\" (\u003ci\u003eFinancial Times\u003c\/i\u003e (UK), October 30, 2006)\u003c\/p\u003e \u003cp\u003e\"...easily digestible and shortish treatise for anyone who wants to try out this particular investment strategy\".  (\u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, October 10, 2006)\u003c\/p\u003e \u003cp\u003e\"After 37 years of practicing what Graham preached, Browne has distilled the creed into a disarmingly chatty primer. . .\" (\u003ci\u003eBloomberg\u003c\/i\u003e)\u003c\/p\u003e \u003cp\u003e\"one of the best guidebooks toward protecting and growing a retirement nest egg. This advice comes from a legend of value investing, and it’s presented with enough clarity that anyone can follow it.\" (\u003ci\u003eForbes.com\u003c\/i\u003e)\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eCHRISTOPHER H. BROWNE\u003c\/b\u003e is a Managing Director of Tweedy, Browne Company LLC and is a member of the firm's management committee. He is also President of the Tweedy, Browne Funds, a mutual fund group. Browne is a graduate of the University of Pennsylvania where he serves as a Charter (Life) Trustee. At Penn, he established the Browne Center for International Politics, and the Browne Distinguished Professorships in the School of Arts and Sciences. Mr. Browne served on the faculty advisory committee of Harvard's John F. Kennedy School of Government program in investment decisions and behavioral finance. He is a trustee of Guild Hall, a regional arts and education center in East Hampton, New York, and of the Long Island Chapter of The Nature Conservancy. Mr. Browne is also a trustee of The Rockefeller University and a member of its executive and investment committees.  \u003c\/p\u003e\u003cp\u003eDo you care about your money? Then spend a little time with Christopher Browne to understand what investing is all about so you can do a better job of investing.\u003c\/p\u003e \u003cp\u003eThere are many ways to make money in today's market, but the one strategy that has truly proven itself over the years is value investing. Value investing consists of buying the stock of companies that trade for less than their intrinsic value to profit from their long-term performance. Value investing works. It has produced superior investment results to any other strategy. Best of all, it is easy to understand. As Warren Buffett has said, no more than 125 IQ points are needed. Any more and they are wasted.\u003c\/p\u003e \u003cp\u003eAuthor Christopher Browne has been a part of Tweedy, Browne Company—the oldest value investing firm on Wall Street, which has counted Benjamin Graham among its clients—for more than thirty years, and over the course of his career, he has successfully followed the value approach to investment management, buying bargain stocks around the world.\u003c\/p\u003e \u003cp\u003eNow, with \u003ci\u003eThe Little Book of Value Investing\u003c\/i\u003e, he translates this wealth-building strategy in a way that any investor can understand and apply to investing all over the globe. You will learn how to buy stocks like steaks—on sale—no matter where they are sold; how to put your money to work like a banker; and how to buy $1 for 66 cents. Browne's ideas can help prevent you from losing money by spotting false bargains. Most importantly, he clearly illuminates the first rule of investing: don't lose money.\u003c\/p\u003e \u003cp\u003eThe beauty of value investing is its logical simplicity. Within these pages, high-caliber value manager Christopher Browne illustrates how to identify the \"sales flyers,\" the market offers to profit, while avoiding bubbles and manias. This little book is a treasure trove of insight. In addition to teaching you how to uncover value stocks, you'll also learn how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eGive the companies you invest in a physical\u003c\/li\u003e \u003cli\u003eSend your stocks to the Mayo Clinic for a checkup with a sixteen-point checklist\u003c\/li\u003e \u003cli\u003eFind a specialist\u003c\/li\u003e \u003cli\u003eStay the course and stay away from fleeting fads\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten in a straightforward and engaging manner, \u003ci\u003eThe Little Book of Value Investing\u003c\/i\u003e will help you to understand and implement one of the most effective investment strategies ever created.\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eLITTLE BOOK BIG PROFITS \u003csup\u003e™\u003c\/sup\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"In value investing, you cannot do better.\"\u003c\/i\u003e\u003cbr\u003e \u003cb\u003e—Roger Lowenstein\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"Chris Browne is one of the best value investors in the world. What he has to say is always worth paying attention to.\"\u003c\/i\u003e\u003cbr\u003e \u003cb\u003e—Barton M. Biggs, Traxis Partners, and author, Hedgehogging\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"Legendary value investor Chris Browne derived his skills from Ben Graham and Warren Buffett. His helpful book, filled with common sense and uncommon insights, distills his four decades of experience into a set of guidelines that will make any investor more effective.\"\u003c\/i\u003e\u003cbr\u003e \u003cb\u003e—Byron R. Wien, Pequot Capital Management\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"Forget Wall Street. It's a promotion machine. Forget almost all books on investing. They won't help you. But this book will. Chris Browne makes sense.\"\u003c\/i\u003e\u003cbr\u003e \u003cb\u003e—Jean-Marie Eveillard, former portfolio manager, First Eagle Funds\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"Brilliant value investor Chris Browne uses this gem of a book to explain how value investing works, how to understand value in a stock, how to use accounting information on domestic and foreign firms to your advantage, and how to allocate your (hopefully growing!) portfolio over time.\"\u003c\/i\u003e\u003cbr\u003e \u003cb\u003e—Glenn Hubbard, Dean and Russell L. Carson Professor of Finance and Economics, Columbia Business School\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990280716517,"sku":"NP9780470055892","price":27.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470055892.jpg?v=1761787183","url":"https:\/\/k12savings.com\/products\/the-little-book-of-value-investing-isbn-9780470055892","provider":"K12savings","version":"1.0","type":"link"}