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File Format | PDF
File Size | 11.2 MB
Pages | 258
Language | English
Category | Finances
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Description: Tells how to avoid investment fads, explains the basic concepts of value-investment philosophy, and offers advice on portfolio management.
The disciplined pursuit of bargains makes value investing very much a risk-averse approach. The greatest challenge for value investors is maintaining the required discipline. Being a value investor usually means standing apart from the crowd, challenging conventional wisdom, and opposing the prevailing investment winds. It can be a very lonely undertaking. A value investor may experience poor, even horrendous, performance compared with that of other investors or the market as a whole during prolonged periods of market overvaluation. Yet over the long run the value approach works so successfully that few, if any, advocates of the philosophy ever abandon it.
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Margin of Safety: Risk-Averse Value Investing Strategies
Download | Free
