"An intriguing look at the full range of value methods brought together for the first time
The biggest block to success in the stock market is unconscious investing, or following the crowd without asking the right questions such as: ""What is it really worth?"" Even more fundamental is: ""What rate of return can I confidently expect to get?"" Without having the methods to answer these questions is like trying to sail a boat without a rudder.
The Conscious Investor covers each of the main methods used to calculate value or return in the stock market, along with descriptions of how and when to use them, as well as their strengths and weaknesses. Interspersed throughout the methods are the timeless investment principles of Benjamin Graham and Warren Buffett. The book:
Includes balance sheet methods, dividend discount methods, discounted cash flow methods, price ratio methods, and many others Explains the significance of viewing real value as a combination of a stock's price or market value and its intrinsic value Comes with free access to key functions in the author's Conscious Investor software
The Conscious Investor is indispensable reading for everyone with an interest in investing in the stock market, from novices to experienced professionals. Using this book as your guide, you'll quickly discover what it takes to be a conscious investor and gain more confidence in knowing what and when to buy, when to hold, and when to sell."
By:
John Price
Imprint: John Wiley & Sons Ltd
Country of Publication: United States
Dimensions:
Height: 239mm,
Width: 160mm,
Spine: 34mm
Weight: 585g
ISBN: 9780470604380
ISBN 10: 0470604387
Series: Wiley Finance
Pages: 366
Publication Date: 05 October 2010
Audience:
General/trade
,
ELT Advanced
Format: Hardback
Publisher's Status: Active
Acknowledgments ix Introduction 1 Chapter 1 What Is Intrinsic Value? 11 Chapter 2 Price Is What You Pay. . . 23 Chapter 3 . . . Value Is What You Get 53 Chapter 4 Follow the Money 71 Chapter 5 Everything Is Number and Ratio 109 Chapter 6 Measuring Value by Taking Snapshots 143 Chapter 7 A Bird in the Hand 169 Chapter 8 The Joy of Dividends 195 Chapter 9 Don’t Get Mad, Get Even 219 Chapter 10 PEG and Friends 229 Chapter 11 What Rate of Return Can I Expect? 241 Chapter 12 Please, Sir, I Want Some More 261 Chapter 13 Forecasting and the Three Most Important Words in Investing 287 Chapter 14 Where Do We Go from Here? 319 Appendix A Relationship between Return on Equity and Growth of Earnings 323 Appendix B Calculations for Discount Methods 325 Notes 333 Glossary 345 About the Author 353 Disclaimer 355 Index 357
John Price is the developer of Conscious Investor(r), a software system for investing, based on the stock valuation methods of Warren Buffett. Dr. Price started his career as a mathematician, teaching finance and mathematics at major universities around the world. After publishing more than sixty papers in peer-reviewed journals and two books on mathematics, physics, and finance, he spent a decade evaluating different stock valuation methods. He has appeared on Bloomberg Radio, Fox News, and Bloomberg Television, and has been interviewed by leading financial journals. Dr. Price is a highly regarded speaker and has consulted to major financial institutions, including Bankers Trust.
