Saturday, November 10, 2007
VALUE INVESTING' by BRUCE GREENWALD
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iF YOU THINK THAT STOCK PRICES NORMALLY OVER OR UNDERVALUE A CMPAN'S WORTH, YOU WILL FIND THIS BOOK FASNCINATING. tHE ETHODS AND INVESTORS OUTLINES HAE SUCCESSFULLY BEATEN THE MARKET AVERAGES FOR DECADES. sO, WHETHER YOU TRY TO APPLY THE CONCEPTS FOR YOURSELF, OR HAVE YOUR MONEY INVESTED BY ONE OF THESE TOP VALUE INVESTMENT MANAGERS, ALUE INVESTING IS A DESCIPLINE THA CAN HELP YOU ACHIEVE SUPERIOR INVESTING RESULTS. iN SOME OF HTE MANY BACK TESTS RUN IN RECENT YEARS TO TEST FOR MARKET EFFICIENCY CONCERNING STOCK PRICES, SIMPLY BUYING STOCKS WITH LOW PRICE / EARNINGS AND PRICE/ BOOK RATIOS PROVES TO OUTPOERFORM THE MARKET AVERAGES. mORE THOUGHTFUL STOCK ICKING CAN DO EVEN BETTER. bUT THE IDEAS IN THIS BOOK AR FAR MORE IMPORTANT THAN THAT. vALUE INVESTING SHOWS THE MANY WAYS THAT SITUATIONS WHERE SECURITIES ARE UNDERPRICES CAN BE FOUND AND EXPLOITED. YOU SHOULD REALISE THAT VALUE INVESTING IS AN INTELLECTUAL AND CROSS CHECKING EXERCISE, FAR REMOVED FROM EMOTION OF TTHE DA-TRADING AND THE THRILLS OF FOLLOWING TRADING MOMENTUM. yEARS CAN PASS WIHTOUT ANY GOOD OPPORTUNITIES ARISING. yOU WILL OFTEN SELL STAOCKS FAR BEFORE THEIR ULTIMATE PEAK. ONE OF HTE HARDEST THINGS TO ACCOMODATE IS THAT OUR RESULTS WILL LOOK WORST WHEN EERYONE ELSE IS PICKING UP EASY MONEY., MINDLESSL, BY RUNNING WITH THE HERD OF RAMPAGING BULLS.
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iF YOU THINK THAT STOCK PRICES NORMALLY OVER OR UNDERVALUE A CMPAN'S WORTH, YOU WILL FIND THIS BOOK FASNCINATING. tHE ETHODS AND INVESTORS OUTLINES HAE SUCCESSFULLY BEATEN THE MARKET AVERAGES FOR DECADES. sO, WHETHER YOU TRY TO APPLY THE CONCEPTS FOR YOURSELF, OR HAVE YOUR MONEY INVESTED BY ONE OF THESE TOP VALUE INVESTMENT MANAGERS, ALUE INVESTING IS A DESCIPLINE THA CAN HELP YOU ACHIEVE SUPERIOR INVESTING RESULTS. iN SOME OF HTE MANY BACK TESTS RUN IN RECENT YEARS TO TEST FOR MARKET EFFICIENCY CONCERNING STOCK PRICES, SIMPLY BUYING STOCKS WITH LOW PRICE / EARNINGS AND PRICE/ BOOK RATIOS PROVES TO OUTPOERFORM THE MARKET AVERAGES. mORE THOUGHTFUL STOCK ICKING CAN DO EVEN BETTER. bUT THE IDEAS IN THIS BOOK AR FAR MORE IMPORTANT THAN THAT. vALUE INVESTING SHOWS THE MANY WAYS THAT SITUATIONS WHERE SECURITIES ARE UNDERPRICES CAN BE FOUND AND EXPLOITED. YOU SHOULD REALISE THAT VALUE INVESTING IS AN INTELLECTUAL AND CROSS CHECKING EXERCISE, FAR REMOVED FROM EMOTION OF TTHE DA-TRADING AND THE THRILLS OF FOLLOWING TRADING MOMENTUM. yEARS CAN PASS WIHTOUT ANY GOOD OPPORTUNITIES ARISING. yOU WILL OFTEN SELL STAOCKS FAR BEFORE THEIR ULTIMATE PEAK. ONE OF HTE HARDEST THINGS TO ACCOMODATE IS THAT OUR RESULTS WILL LOOK WORST WHEN EERYONE ELSE IS PICKING UP EASY MONEY., MINDLESSL, BY RUNNING WITH THE HERD OF RAMPAGING BULLS.
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