Paul Orfalea is a revolutionary entrepreneur widely renowned for his success in growing Kinko's from a single copy shop to an industry leader with 1,100 branches worldwide. Less well known is his long history of successful investing, which dates back to his early teens, when Orfalea would skip school to spend afternoons at the office of his father's stockbroker. In 2000, Orfalea and Lance Helfert cofounded West Coast Asset Management (WCAM) on the same principles of value investing that Warren Buffett used to become one of the world's greatest investors.
Now, in The Entrepreneurial Investor, Orfaleaalong with Lance Helfert, Atticus Lowe, and Dean Zatkowskyreveal how you can use their version of this approach to achieve unparalleled success in your everyday investment endeavors.
Through solid examples and a light narrative, Orfalea and company skillfully explore the essence of the entrepreneurial investor, which includes balancing the art and science of this discipline, and viewing investing itself as a business. Along the way, they also examine how the elements of focus, opportunism, and involvement can improve your overall investment results.
Divided into four comprehensive parts, this reliable resource will put you in a better position to make profitable investment decisions. Some of the issues addressed include:
Think like an Owner: The Art of the Entrepreneurial Investor covers WCAM's investing philosophy and some of the context and chatter that can cloud one's thinking.
Companies Worth Owning discusses the heart of entrepreneurial investingchoosing to invest in individual companies rather than in mutual funds or "the market".
The Owners' Manual highlights some of the important information available to investorsfrom the advice shouted on television to annual reports,financial statements, and the ever-ambiguous subject of inventory.
What's It Worthto Me distinguishes investing from speculating and helps you understand the actual value of a company, so you can act when the price is low enough for buying or high enough for selling.
Filled with in-depth insights and practical advice, The Entrepreneurial Investor will inspire you to treat investing like a business and to think of yourself as an owner. Once you realize that making money is your business, you'll be a better investor for it.
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Most Helpful Customer Reviews
9 of 9 people found the following review helpful:
2.0 out of 5 stars
lots of filler, not much meat,
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This review is from: The Entrepreneurial Investor: The Art, Science, and Business of Value Investing (Hardcover)
This book gives lots of filler but is short on meat. They borrow from other authors (Phillip Fischer, Lynch) and have a number chapters that are called "inspirational figures", mini bios of famous investors.
But the major problem is the authors themselves point out that "An entrepreneurial investor must have a practical methodology for estimating intrinsic value; it is the only way to know whether a good company is available at a discount." Then they fail to deliver. These authors are the top management team of West Coast Asset Management, they should know how to do this. So I was very disappointed that they fail to even try. If you want a refresher on the basics, ok. But nothing jumped out at me as new, nothing even showed me the same old thing in a new way or from a different angle.
14 of 16 people found the following review helpful:
3.0 out of 5 stars
Typical value investing book,
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This review is from: The Entrepreneurial Investor: The Art, Science, and Business of Value Investing (Hardcover)
The subtitle "The Art, Science, and Business of Value Investing" is 2/3 correct. Good info on the art and business, but very little on the science. I finished the book feeling that I'd been given very little guidance on how to quantify the most important factors that go into the selection of a stock.
6 of 7 people found the following review helpful:
5.0 out of 5 stars
Highly Recommended!!!,
This review is from: The Entrepreneurial Investor: The Art, Science, and Business of Value Investing (Hardcover)
The Entrepreneurial Investor should be in every serious investor's library. So many books and publications today are only about the financials and the science of investing. It is refreshing to take a step back and focus on the actual business first, then apply that knowledge to understanding the value of a company. The book is easy to follow and well thought out with the 4 separate sections: 1. Think Like an Owner. 2. Companies Worth Owning. 3. The Owner's Manual. 4. What's It Worth - To Me?
The Entrepreneurial Investor offers practical advice to truly act and think like an owner when investing. I especially enjoyed the chapter on company culture, not often a topic in value investing. The book also shares the lives of 4 very interesting Inspirational Figures: Benjamin Graham, David Packard, Bernard Baruch, and Howard Hughes. I would highly recommend this book to anyone interested in value investing the Entrepreneurial way. Not only will an experienced investor learn new insights to investing, a beginning investor will start with a solid foundation. Joseph Lucia Wealth Manager RJL Wealth Management
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