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The Little Book of Value Investing
Book

The Little Book of Value Investing

Christopher H. Browne
Wiley, 2006
First Edition: 2006

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Editorial Rating

9

Qualities

  • Applicable

Recommendation

This short book is surely among the most concise, informative investment guides ever written. Christopher H. Browne manages to make stock market investing as simple and straightforward as shopping for groceries. He sketches quickly, but in adequate detail, the main principles of value investing, offers guidance on how to use such basic information as P/E ratios, points the way to free online stock-screening services and, yet, makes no big promises about market success. His message is that value investors who do their homework patiently and thoroughly may expect good returns eventually. Instead of aggressive trading, he emphasizes the virtue of not taking action. getAbstract recommends this succinct tutorial to every investor.

Take-Aways

  • Value investors buy stocks when they are bargains.
  • The value approach helps prevent buying at the top of the market.
  • Extensive academic research shows that value investing offers superior long-term returns.

About the Author

Christopher H. Browne is a managing director of an investments firm and a member of its management committee. He established the Browne Center for International Politics and the Browne Distinguished Professorships at the University of Pennsylvania.

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