The Entrepreneurial Investor

[PrivateInvestor]

The Entrepreneurial Investor, The Art, Science, and Business of Value Investing by Paul Orfalea, Lance Halfert, Atticus Lowe, and Dean Zatkowsky is a value investing book filled with practical advice.

Orfalea started Kinkos and grew it from a single copy shop in the 1970s to 1,100 branches worldwide by the 1990s. He also started investing when he was still in high school. The book is thus based on the lifelong experience of a business executive and investor (which is also Warren Buffett's background).

You can think of the book as a combination of Graham's and Fisher's theories, but from the perspectives of the four authors' experiences running businesses (including their own investment management firm they started in 2001).

For example, the book focuses a lot (among other things) on the people side of a business. The idea is that in this age of globalization with highly educated employees being a necessity, it's the people that make or break a business and hence the success or failure of your investment in that business.