Concise Guide to Value Investing : How to Buy Wonderful Companies at a Fair Price

The business performance creates the value — the price creates the OPPORTUNITY. No-one likes to pay too much for something. We all like to thing that what we buy is ' good value'. It's not different when we purchase a share in company listed on the stock market. In the Concise Guide to Value Investing , Brian McNiven reveals how to calculate the true value of a company to find out whether you are paying a fair price. This fascinating book explores: value investing versus speculation the difference between price and value variable values of a dollar of earnings accounting misrepresentation the characteristics of a wonderful business the StockVal ® valuation formula. Two of the world's most successful investors, Warren Buffett and Charlie Munger, are self-confessed value investors. McNiven often draws on their wisdom to support his approach to value investing,which he defines as buying a share at a price lower than its calculated value. Only investors who have the ability to calculate value can call themselves 'value investors'. **The business performance creates the value — the price creates the OPPORTUNITY.**No-one likes to pay too much for something. We all like to thing that what we buy is ' good value'. It's not different when we purchase a share in company listed on the stock market. In the __Concise Guide to Value Investing__, Brian McNiven reveals how to calculate the true value of a company to find out whether you are paying a fair price. This fascinating book explores: - value investing versus speculation - the difference between price and value - variable values of a dollar of earnings - accounting misrepresentation - the characteristics of a wonderful business - the StockVal® valuation formula. Two of the world's most successful investors, Warren Buffett and Charlie Munger, are self-confessed value investors. McNiven often draws on their wisdom to support his approach to value investing,which he defines as buying a share at a price lower than its calculated value. Only investors who have the ability to calculate value can call themselves 'value investors'. "This book is about giving investors the tools to identify good businesses and determine their value, in order to make profitable sharemarket investments. The author is a disciple of Warren Buffett and his approach is suitable for risk averse mum and dad investors. The information is clearly explained and presented to make the book an easy read."--Provided by publisher