Book of Value
The Fine Art of Investing Wisely
Will be published approx. on 6. September 2016
Book
Hardback
360 pages
978-0-231-17542-5 (ISBN)
Description
Financial markets are noisy and full of half-baked opinions, innuendo, and misinformation. With deep insights about investor psychology, Book of Value shows how to apply tools of business analysis to sort through the deceptions and self-deceptions in financial markets. Anurag Sharma joins philosophy with practical know-how to launch an integrated approach to building high-performance stock portfolios. Investors at all skill levels should learn to be mindful of their psychological biases so they may better frame investment choices. Book of Value teaches novices that investing is not a game of luck but a skill-and it teaches the emotional and analytical tools necessary to play it well. Intermediate investors learn how to effectively control emotions when investing and think strategically about their investment program. Advanced investors see the formalization of what they already know intuitively: that the philosopher's methods for seeking truth can be profitably applied to make smart investments. A groundbreaking guide full of lasting value, Book of Value should be on the shelf of anyone who takes investing seriously.
Reviews / Votes
Well organized and derived, Book of Value provides strong coverage of the philosophical grounding for value investing, a subject area that does not lend itself to academic presentation. -- David Nawrocki, Katherine M. Salisbury and Richard J. Salisbury, Jr. Endowed Professor of Finance, Villanova School of Business Book of Value is long overdue. Let's hope it is the beginning of a backlash against the day-trading, quarterly profit obsession style investing that now dominates global markets. Anurag Sharma provides insight into an investment process that is so old-fashioned that it appears revolutionary. This is a true investment philosophy that has the added benefit of letting the investor sleep better at night. -- Bob Saul, managing director, Wood Creek CapitalMore details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Product notice
Trade binding
Illustrations
<B>Figures: </B>7,
Dimensions
Height: 236 mm
Width: 159 mm
Thickness: 32 mm
Weight
626 gr
ISBN-13
978-0-231-17542-5 (9780231175425)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
09/2016
1st Edition
Columbia Business School Publishing
from
€50.59
Available for download
Person
Anurag Sharma is associate professor of management at the Eugene M. Isenberg School of Management, University of Massachusetts, Amherst.
Content
Preface Acknowledgments Prologue: A Short History of Investing Introduction: Noise Part I: Illusion 1 Opinions and Beliefs 2 Correlation of Errors 3 The Dark Arts 4 Purveyors of the Dark Arts 5 Victims of the Dark Arts Part II: Verity 6 Logic-Data-Doubt 7 Investing as a Negative Art 8 Shaping the Investment Thesis 9 How to Be a Wise Investor 10 The Art of Looking Part III: Foundations 11 Price and Value 12 How to Value a Business 13 Risk and Uncertainty 14 The Simple Math of Valuation 15 Yield-Stability-Strength Part IV: Diligence 16 Depth Analysis 17 Dive for Strength 18 Define Good Business 19 Watch the Game 20 Meet the Managers Part V: Policy 21 Diversification 22 Another Way to Portfolio 23 Core Holdings 24 Growth 25 The Buffett Portfolio Conclusion: Noise Control Notes Bibliography Index