Product Description

There 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 The Little Book of Value Investing, Christopher Browne shows you how to use this wealth–building strategy to successfully buy bargain stocks around the world.

Product Details

• Amazon Sales Rank: #24455 in Books
• Published on: 2006-09-22
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 208 pages

Review
"Fools would be well–served to place The Little Book of Value Investing on their holiday shopping lists". (Fool.com, December 12, 2006)

"sharply written...gets you fired up about buying stocks" (USA Today, December 4, 2006)

"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." (The Independent, November 2006)

"elegant new treatise on the art of value investing. . ." (Financial Times (UK), October 30, 2006)

"...easily digestible and shortish treatise for anyone who wants to try out this particular investment strategy".  (The Wall Street Journal, October 10, 2006)

"After 37 years of practicing what Graham preached, Browne has distilled the creed into a disarmingly chatty primer. . ." (Bloomberg)

"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." (Forbes.com)

Review
"Fools would be well–served to place The Little Book of Value Investing on their holiday shopping lists". (Fool.com, December 12, 2006)

"sharply written...gets you fired up about buying stocks" (USA Today, December 4, 2006)

"elegant new treatise on the art of value investing. . ." (Financial Times (UK), October 30, 2006)

"...easily digestible and shortish treatise for anyone who wants to try out this particular investment strategy".  (The Wall Street Journal, October 10, 2006)

"After 37 years of practicing what Graham preached, Browne has distilled the creed into a disarmingly chatty primer. . ." (Bloomberg)

"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." (Forbes.com)

From the Inside Flap
Do 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.

There 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.

Author 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.

Now, with The Little Book of Value Investing, 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.

The 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:

• Give the companies you invest in a physical
• Send your stocks to the Mayo Clinic for a checkup with a sixteen–point checklist
• Find a specialist
• Stay the course and stay away from fleeting fads

Written in a straightforward and engaging manner, The Little Book of Value Investing will help you to understand and implement one of the most effective investment strategies ever created.

Customer Reviews

A focused guide to value investing
This short book is surely among the most concise, informative investment guides ever written. Christopher H. Browne manages to make stock market investing as simple and straightforward as shopping for groceries. He sketches quickly, but in adequate detail, the main principles of value investing, offers guidance on how to use such basic information as P/E ratios, points the way to free online stock-screening services and, yet, makes no big promises about market success. His message is that value investors who do their homework patiently and thoroughly may expect good returns eventually. Instead of aggressive trading, he emphasizes the virtue of not taking action. We recommend this succinct tutorial to every investor.

Give me the Big Book of Value Investing
Leaves you wanting more, in a good way. The author does outline but doesn't quite detail the approach. This book gives a great introduction to the fascinating strategy that has helped shape many successful investors. Does exactly what it sets out to do, but will leave you wishing there was a "big book of value investing". Very relevant information which was one of the reasons I purchased this book. The dot-com bubble features highly, as well it should - for those stocks are quite the opposite to what a value investor is looking for.

Highly recommended read if you're looking for an investment strategy that will slowly turn your money into a sizeable sum. Reading this book should be one of your first steps on that slippery slope and I'm glad I took time to learn about value investing.

A very valuable and accessible introduction
An investment book with not a single table or chart but which in its just over 160 mini book pages distills the lifetime experience of a seasoned US value investor, who applies a global mindset and in his younger days followed in the footsteps of Ben Graham and Warren Buffett in terms of his initial work experience?

Yes, that is exactly what makes this such a pleasurable and valuable read plus an easily learnt education in the basic concepts of value investing and the skillset needed which the writer believes anybody with general investment awareness can apply. As the author states several times it is ultimately one of patience and accepting that this is a long term investment approach with "lumpy" performance in realising steady profits rather than graph like upward trends or "star manager" short term approaches and the related volatility they carry, given how the market values shares before recognising their true value by re-rating or being the subject of a bid.

The author has been a value based investor for nearly 40 years and is a partner in a successful US firm Tweedy Browne that only follows this approach. While some of the examples may seem likely to recur easily again (the more conservative accounting followed in certain non-US jurisdictions and the undervalue that produces) there is enough that is still current and valid to make this little tome a very valuable reference work for using by many amateurs like myself. Its mix of matter of fact examples and non-technical jargon make it a real and valuable find.