Active Value Investing

[npg]

Gannons review is much better than I could ever do. Also, note that the guy running the Motley Fool Inside Value letter has written a review of that book (in positive terms).

Judge for yourself. It definitively made it to my reading list.

Gannon On Investing: Book Review: Active Value Investing

[Leeb06]

Originally Posted by npg

Gannons review is much better than I could ever do. Also, note that the guy running the Motley Fool Inside Value letter has written a review of that book (in positive terms).

Judge for yourself. It definitively made it to my reading list.

Gannon On Investing: Book Review: Active Value Investing

What other books have made the list?

I finished "Finding the next Starbucks" by Michael Moe from Think Equity and was underwhelmed. The focus of the book is to find small cap companies that are about to grow exponentially, invest and hold on for the ride. At least Moe acknowleges that a company's growth rate cannot continue to at an artifically high rate for a prolonged period of time. Unfortunately the reader who buys the book will most likely gloss over that fact as they focus on the stories of how Dell, Amazon and Starbucks were once small cap stocks nobody ever heard of.

[npg]

Originally Posted by Leeb06

What other books have made the list?

John Burr Williams, "The Theory Of Investment Value", also made it onto my list. Be prepared for some maths though.

Charlie Mungers, "Pool Charlies Almanach", is also a good read.

Then there are some of the books submitted to this thread

http://www.roicommunity.com/forum/re...ll-street.html
http://www.roicommunity.com/forum/re...reenblatt.html
http://www.roicommunity.com/forum/re...-analysis.html
http://www.roicommunity.com/forum/re...sh-pabrai.html
http://www.roicommunity.com/forum/re...82-2004-a.html
http://www.roicommunity.com/forum/re...al-crisis.html

I urge anyone taking part in the markets to read this one from the listing above. It comes highly recommended by Mr Buffett himself.

[NewMoney]

I'm reading "Poor Charlie's Almanac" right now. :) It is a good book.

[WeberJazz]

Has anyone tried the "Inside Value" newsletter? I'm giving it the 30 day trial so I can see how their DCF model works, but doubt it is worth $199 per year.

[petekoch]

Here's a link to several DCF models. Easy enough to see how they work.
And they're Free.

Wiki Wealth - Profit!

Most simple DCF models are pretty much the same, but might differ in:
1) The discount factor. Some use WACC, some just a number (like 11.5%)
2) Duration(s) - Fixed (5 years? 10 years?) or Variable
3) Growth rate - constant, declining, multi-stage (e.g., 5 years of high growth followed by 10 years of transition or slowing growth followed by mature stage and terminal slow/no growth) and many other variations.

Other DCF models can get more complex and trickier, but, for me, simpler is better.

[Xyvern]

I just ordered this book after I read BULL ! By the way npg I didn't know you have the 1951 edition of Security Analysis. Can you answer the question that I posted a while ago, thanks

[WeberJazz]

Thanks Pete. I see they also have some other cash flow based models that might be interesting as well.

[npg]

Originally Posted by Xyvern

I just ordered this book after I read BULL ! By the way npg I didn't know you have the 1951 edition of Security Analysis. Can you answer the question that I posted a while ago, thanks

Can you post a link to the question or just ask it again? It must have escaped me somehow...

[Xyvern]

On page 113 of the 1951 edition. How did Graham came up with a loss of $300,000 when the price of copper was $ 0.05 instead of $ 0.20

npg,
Please see above ,thanks.