“John Heins and Whitney Tilson, co-founders of the ValueInvestor Insight newsletter, have done a thorough job of explaininghow to look for stocks that are trading at significant discounts towhat they are worth — the concept known as the value style ofinvesting.…the authors present a clear framework forferreting out undervalued companies.”
—The New York Times
“[The Art of Value Investing] is packed withinvaluable insights and is relevant to both the novice and theexperienced investor. …This book provides a valuablecontribution to the industry literature on value investing. It iswell written, well organized, and quite enjoyable. The Art ofValue Investing should be read by all investors who areseriously interested in enhancing their understanding of thisimportant field.”
—CFA Institute Book Review
You know what value investing is: it's how Warren Buffett madehis billions. Perhaps you're even familiar with value investingterminology, such as margin of safety and intrinsicvalue. And maybe you've already found success with valueinvesting and know from experience that it's the most reliable wayto achieve market-beating returns and accumulate significantwealth. Congratulations!
Whether you're a complete beginner in need of an A-to-Z valueinvesting primer, an experienced investor looking to expand andfine-tune your repertoire of value investing skills, or anindividual or institutional investor looking to identify the bestmoney managers, this book is for you. In writing it, authors JohnHeins and Whitney Tilson have achieved a remarkable feat: They'vebrought together the collective wisdom of today's most successfulvalue investors and distilled it into a series of actionablelessons you can put into practice right away.
Based on extensive interviews with market-beating moneymanagers, superstar hedge fund managers and mutual fund heroes, andfeaturing many real-world examples, The Art of ValueInvesting expertly describes:
But The Art of Value Investing does much more than impartinformation. It was designed to help you develop an approach tovalue investing that's just right for you.
Sit ten or a dozen of the most successful practitioners down ina room and you're likely to get as many opinions on which valueinvestment flavor is best. While they're certain to agree on thecore principles, when it comes to particulars, such as large-capversus small-cap, telecom versus transportation, East versus West,onsite research versus pure data analysis, there's bound to bedisagreementsome of it vehement.
The trick is to find the combination of tools, techniques andstrategies that is right for you, addresses your specific financialgoals, and best fits your personality and emotional makeup. Andthat's where The Art of Value Investing comes in.
Giving you unparalleled access to the thinking of the brightestand best of the value investing world, The Art of ValueInvesting can save you years of frustrating (and expensive)trial-and-error. With the helping hand of value investingluminaries such as Julian Robertson, Seth Klarman, David Einhorn,Joel Greenblatt, Mason Hawkins, Jean-Marie Eveillard, Bill Ackmanand Bill Nygren, to name a few, you'll discover your preferredstrategies for exploiting market inefficiencies, researching andvaluing companies, identifying industry sectors and geographicregions in which to invest, timing buys and sells, managing youremotions, and much more.
This book is not what I expected. Tilson is an outstanding investor, and someone I look up to. In hindsight, other reviews are spot on in what is included in this book. Read morePublished 6 months ago by Johnny
As mentioned in my last review, I’ve recently been on a kick of reading investment books that are more or less profiles/interviews of famed investors, rather than the same write up... Read morePublished 8 months ago by Ant Gara
The best value investors are quoted. Buffett too. ( Personally wish there was a lot more Buffett). Great book never the less!Published 8 months ago by Sunil V. Kololgi
Lots of nuggets of wisdom here. Definitely worth it to keep as a reference for motivation and insight. Excellent compilation!Published 9 months ago by Noah Saperstein
Instant Classic. Although some may hate the writing style and a few may complain that this was not really written by Whitney Tilson and John Heins, I would say it is an exceptional... Read morePublished 15 months ago by Dan
I found the book to be interesting and it gave me many new investment concepts to consider in the future. I found the format of the book to be both a plus and a minus. Read morePublished 16 months ago by Robert D. Harris