- Explore more great deals on thousands of titles in our Deals in Books store.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us Paperback – Bargain Price, June 18, 2009
|New from||Used from|
Featured Tax Guides from Wiley
File your taxes with confidence with these featured tax guides. See more
Customers Who Bought This Item Also Bought
Special Offers and Product Promotions
About the Author
More About the Author
Top Customer Reviews
The primary thesis can be summarized as follows: "So the key to making long-term gains in the stock market is simple. Figure out which companies will grow and buy them at a cheap price." It is easy to agree with such an objective, but how do we do that? What distinguishes this book from the myriad value-oriented investing books now available is the author's emphasis on the importance of analyzing a company's cash flow characteristics. This is a welcomed viewpoint that transcends the traditional value investor's financial ratios of P/E, P/B, and P/S.
The author describes how Warren Buffett utilized the cash flow concept of owner earnings since the mid-1980s, even years before the cash flow statement became a required corporate quarterly financial reporting document. The author uses Enron to demonstrate the desirability of analyzing cash flows in lieu of reported earnings. The two primary analysis tools espoused by the author are "Cash Yield" and "Buy-and-Hold Valuation". Historical examples using Johnson & Johnson, Coca Cola, and Microsoft are helpful in answering the when to buy? and when to sell? questions.Read more ›
Ponzio starts simple, explaining the integral parts of Buffett's "follow the cash" approach to screen truly good long-term businesses from weak ones, then goes on to nuts and bolts of how to properly value a business using discounted cash flow analysis -- all in accordance with Buffett and Munger's advice. He then goes on to analyze how to execute another favorite Buffett approach -- merger arbitrage or "workouts" -- in a way that makes this somewhat more advanced tactic accessible to the more ambitious individual investor.
What sets F Wall Street apart from other books is it's clear to read style, and its ability to boil down essential and somewhat complicated value-investing concepts into easy to understand principles -- much like Buffett himself in his annual letters to shareholders. But Ponzio is not just another commentator -- he is a true practitioner of Buffett's art, with a comparatively short-term (a few years) but so far impressive results in his portfolio based on the approaches espoused in the book.Read more ›
This book gives readers advice that Warren Buffett followed for years. Invest in stocks as if you were investing in businesses, not just ticker symbols. Value a business so that you know if you are getting a good deal buying a stock. I highly recommend this book to readers who want to take financial matters into their own hands.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Most Recent Customer Reviews
Gift. Don't know much about it, but my dad really wanted after reading good things.Published 7 months ago by CaitlinLDOKC
Poorly written. So poor, that the book is hard to read. So hard to read, that I had to force myself to pick it up. Read morePublished 8 months ago by a440guy
Mr Ponzio's book covers fundamental analysis and is one of the best investment books I have ever read.
Mr. Ponzio is a follower of Buffett. Read more
Worthwhile for neophytes and experienced practitioners as the book offers simple, robust guidelines for investing with a margin of safety.Published 14 months ago by Andrew M Wynn
An easy read with simple examples. I would have preferred follow on examples that went after the approach with more details.Published 15 months ago by Matthew E
A fine book! As the title says, it's a no-nonsense approach to Value investing.
Anyone wanting to understand what Value investing is will benefit immensely from this... Read more
F Wall Street reveals the truth about Wall Street and their motivations. Their existence will help those who should do something as it is better than doing nothing but for those... Read morePublished 21 months ago by Jeffery Draper
Very easy read, and good for beginners. Also valuable to seasoned investors. I'd give this to anybody just starting out.Published 22 months ago by tim pham
Great examples and practical advice on investing. The best takeaway was that the most successful investing is simple. Complexity complicates and distracts.Published 22 months ago by Steve Blight