 | Summaries and Customer Reviews are supplied by Amazon.com | A blueprint to successful value investing Successful value investors have an ingrained mental framework through which all investments decisions are made. This framework, which stems from the father of value investing, Benjamin Graham-who believed that investment is most intelligent when it is most businesslike-can put you in a better position to improve the overall performance of your portfolio. Written by Sham Gad-founder of the Gad Partners Funds, a value-focused investment partnership inspired by the 1950s Buffett Partnerships-The Business of Value Investing effectively examines the fundamental tenants of this approach and skillfully illustrates the six essential elements of the entire process. Opening with some informative discussions of how value investing focuses more on buying a piece of a business, and less on buying a company's stock, this reliable resource quickly moves on to detail exactly what it takes to become a successful value investor. - Outlines the six essential elements required for a successful risk averse value investment approach
- Contains case studies that illustrate how to approach investing in an intelligent, businesslike fashion
- Walks you through the pitfalls that most investors initially fall into
With The Business of Value Investing as your guide, you'll quickly become familiar with one of the most effective investment strategies ever created. |
Average Customer Rating:   Well Put Together with Modern Reference Investments Mr. Gad does an excellent job stressing discipline & value in modern investing. He uses relatively recent examples to stress his points. I found the book to be a quick read that was well structured. Excellent investing foundation You can be the smartest person in the world with an education from one of the top business schools in the world, but this will not be enough to be a successful investor. The author of this book, Sham Gad, says that the stock market tends to make smart people do dumb things with their money. How true this is. Even though I am experienced in investing, I found this book to be a great resource. I usually highlight sections that I like when I read books, and there weren't many pages where I did not have something highlighted.
The author discusses topics such as investing in stocks as if they were businesses, searching for investment opportunities, valuing companies through various methods, and avoiding common mistakes. Also, there are three case studies that show value investing in action. In 2009, one of my best investments was a company called Ternium, the most profitable steel company in the world. It was a pleasant surprise that the author included Ternium as one of the case studies. Whether you are a beginning or advanced investor, I can assure you that you will find this book resourceful.
Gad does a great job of laying the right foundation for investors to have the greatest chance of investment success. I think that this book is one of the best on the market when it comes to mental discipline. I like to think that I am pretty disciplined, but reading the author's words on how to deal in situations when a particular stock drops significantly, or when the general market is up and you are down, was very helpful. Many investors, especially beginners, think that they cannot be better than professionals because they are not smart enough. But they do not realize that the investment world is filled with smart people who cannot do better than average. The author says that most of these smart professionals are average because they lack discipline. If you have the discipline to say no and follow the investment strategy outlined in this book, you will likely beat most of the professionals even though you might lack experience and smarts.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
nothing in this book that isn't elsewhere rather than repeatedly reading references to graham & dood, seth klarman, and buffett throughout this book - just go read them directly.
and the section about the actual "business" of value investing is like 4 pages. Mr.Gad Teaches you How to Fish for Value Assets In the book's twelve chapters, the first three explain why finding under priced assets works, the next six teach a method for finding, analyzing, and acting on investing in these under priced assets, and the last three chapters close with case studies, common psychological pitfalls to avoid and a summary on how to start an investment partnership. Mr. Gad uses clear terminology that teaches a beginning investor how to search out and then analyze any assets. The experienced value investor will gain insights from details, ideas, and methods shared throughout the text.
The book was written during the market turmoil of 2008 and early 2009. These times of stress within the financial industry serve as a very good reminder as to why value is what you get and price is what you pay each and every time you venture into the financial markets to buy something. When you do your homework and you find that an undervalued asset exists then you may decide to buy it. If that asset price continues to drop, then you recheck your analysis and purchase more, if the original and rechecked analyses continue to show asset under pricing. Doing that is much easier said than done. This book gives you a framework for acting in such a rational fashion. The discipline to follow through and continue investing at times of maximum pessimism was tested due to the extreme market volatility that took place from December 2007 to present. That discipline will be tested again in the months and years ahead; therefore having the lessons of Mr. Gad's book within your mental model framework will serve you well.
Spend your hard earn money on this book, invest your time in studying its lessons and you will not feel that either have been wasted. This is a book worth reading, studying, and using as you build your net worth. Easily digestible and informative.... Sham Gad is a student of Buffet and has broken down value investing for the lay person... you don't need a finance degree to understand the concepts, and provides good advice for the novice or anyone interested in going back to basics of value investing... |  |
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