61 of 64 people found the following review helpful
Good advice but examine track record,
This review is from: The Little Book of Value Investing (Hardcover)
If you are new to value investing this book covers the basics. The research on the outperformance of value investing is well documented and if you follow the advice in this book you will do well in your stock investments.
I was curious how the Tweedy Browne mutual funds peformed though so I went to their web site. In each period - 1, 3, 5, 10 and since inception, the returns after taxes on distributions of the Tweedy Browne American Value have failed to beat the S&P 500 index or the Russell 2000 index. When I started investing 10 years ago I read a lot of books by many authors without checking their record first. And, as a result I made a lot of expensive mistakes. Just something to keep in mind when choosing whose advice to listent to!
I still give this book 4 stars because I believe the author gives sounds advice. However I would recommend "The Essays of Warren Buffett, Lessons for Corporate America", the classic "The Intelligent Investor" by Ben Graham, and "Contrarian Investment Strategies in the Next Generation" by David Dreman.
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Initial post: Aug 30, 2010 6:12:21 AM PDT
Thomas A. Sobieck says:
This comment is just wrong (When I'm writing this). They have done extremely well over with their global value fund. And they are in the top quartile for 1, 5, 10 & 15 years. Not bad at all. I think this review was written during one of their bad years... when it would have made sense to buy into their methodology. Anyhow, basing a book review on a mutual funds performance is not logical. Does the book make sense? Does it mesh with the writings of Graham and Buffett?
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