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

By Brian McNiven

The business performance creates the value -- the price creates the OPPORTUNITY. No-one likes to pay too much for something. We all like to thing that what we buy is ' good value'. It's not different when we purchase a share in company listed on the stock market. In the Concise Guide to Value Investing , Brian McNiven reveals how to calculate the true value of a company to find out whether you are paying a fair price. This fascinating book explores: 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(R) valuation formula. Two of the world's most successful investors, Warren Buffett and Charlie Munger, are self-confessed value investors. McNiven often draws on their wisdom to support his approach to value investing, which he defines as buying a share at a price lower than its calculated value. Only investors who have the ability to calculate value can call themselves 'value investors'.

• Format: Paperback
• Language: English
• ISBN: 0731407938
• ISBN13: 9780731407934
• Release Date: May 2008
• Publisher: Wiley
• Length: 232 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.5" x 5.4" x 8.1"