Book of Value: The Fine Art of Investing Wisely

by Anurag Sharma

Overview

How value investors can build high-performance stock portfolios with the help of powerful ideas from philosophy and psychology.

Product Details

ISBN-13:	9780231541695
Publisher:	Columbia University Press
Publication date:	09/06/2016
Series:	Columbia Business School Publishing
Sold by:	Barnes & Noble
Format:	eBook
Pages:	320
File size:	2 MB

About the Author

Anurag Sharma is associate professor of management at the Eugene M. Isenberg School of Management, University of Massachusetts, Amherst.

Table of Contents

Preface
Acknowledgments
Prologue: A Short History of Investing
Introduction: Noise
Part I: Illusion
1 Opinions and Beliefs
2 Correlation of Errors
3 The Dark Arts
4 Purveyors of the Dark Arts
5 Victims of the Dark Arts
Part II: Verity
6 Logic—Data—Doubt
7 Investing as a Negative Art
8 Shaping the Investment Thesis
9 How to Be a Wise Investor
10 The Art of Looking
Part III: Foundations
11 Price and Value
12 How to Value a Business
13 Risk and Uncertainty
14 The Simple Math of Valuation
15 Yield—Stability—Strength
Part IV: Diligence
16 Depth Analysis
17 Dive for Strength
18 Define Good Business
19 Watch the Game
20 Meet the Managers
Part V: Policy
21 Diversification
22 Another Way to Portfolio
23 Core Holdings
24 Growth
25 The Buffett Portfolio
Conclusion: Noise Control
Notes
Bibliography
Index

Editorial Reviews

Well organized and derived, Book of Value provides strong coverage of the philosophical grounding for value investing, a subject area that does not lend itself to academic presentation.

David Nawrocki

Book of Value is long overdue. Let's hope it is the beginning of a backlash against the day-trading, quarterly profit obsession style investing that now dominates global markets. Anurag Sharma provides insight into an investment process that is so old-fashioned that it appears revolutionary. This is a true investment philosophy that has the added benefit of letting the investor sleep better at night.

Bob Saul