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'.
By:
Brian McNiven Imprint: Wright Books Country of Publication: Australia Dimensions:
Height: 210mm,
Width: 139mm,
Spine: 14mm
Weight: 285g ISBN:9780731407934 ISBN 10: 0731407938 Pages: 226 Publication Date:08 January 2010 Audience:
General/trade
,
ELT Advanced
Format:Paperback Publisher's Status: Active
Brian McNiven is the author of Stock Valuation, A Wonderful Company at a Fair Price and Market Wise. He makes his living investing on the Australian stock market and is the developer of StockVal(r) a stock valuation program.