Lawrence Cunningham possesses one of today's clearest, most distinct voices on the inherent irrationality of investors and the stock market. Renowned for his no-nonsense style and straightforward approach, he is also renowned for telling indepENDent investorsbetter than any other market observerhow and where to find uncommon values in virtually any market environment.
In How to Think Like Benjamin Graham and Invest Like Warren Buffett, Cunningham returns to the basicsby returning to the two legENDs who established, and then refined, those basics. He shatters many of today's common investing myths, replacing them with the facts and tools needed to thoroughly analyze the investment value of any business.
This remarkable book illustrates how forces that are unique to today's marketincluding electronic day trading, an overvalued IPO market, and computer-based stock exchangesare leading to an increasingly wide gap between price and value. It then convincingly explains how to close that gap, and find underpriced stocks poised to recover their value, by using the business analysis approaches and insights of Benjamin Graham and Warren Buffett.
In a sophisticated but readable style, How to Think Like Benjamin Graham and Invest Like Warren Buffett discusses how to understand and apply the time-proven tenets of value investing:
How to value a businesswith valuation examples from top companies including GE, Microsoft, Amazon.com, and others
How to rate business managersa key to finding quality long-term investments
How to know when management is playing with numbersand understand the games they play
Unlike any financial book you have ever read, How to Think Like Benjamin Graham and Invest Like Warren Buffett wraps a lifetime of investing wisdom into one compelling, insightful, and highly accessible package. An intelligent guide to accurately analyzing and realistically valuing investment targets, it will tell you what questions to ask, what answers to expect, and how to approach every stock as an experienced, skeptical, and commonsense business analyst.
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