The manual of ideas : the proven framework for finding the best value investments /
Reveals the proprietary framework used by an exclusive community of top money managers and value investors in their never-ending quest for untapped investment ideas. Considered an indispensable source of cutting-edge research and ideas among the world's top investment firms and money managers,...
| Κύριος συγγραφέας: | |
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| Μορφή: | Ηλ. βιβλίο |
| Γλώσσα: | English |
| Έκδοση: |
Hoboken, New Jersey :
Wiley,
[2013]
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| Θέματα: | |
| Διαθέσιμο Online: | Full Text via HEAL-Link |
Πίνακας περιεχομένων:
- The Manual of Ideas: The Proven Framework for Finding the Best Value Investments; Copyright; Contents; Foreword; Preface; Chapter 1: A Highly Personal Endeavor: What Do You Want to Own?; Give Your Money to Warren Buffett, or Invest It Yourself?; Cast Yourself in the Role of Capital Allocator; Role versus Objective: A Subtle but Important Distinction; The Buck Stops Here; The Scale of Investments: How Much Is a Billion Dollars, Really?; Owner Mentality; Adopting the Right Mind-Set; Stock Selection Framework; Key Takeaways; Notes.
- Chapter 2: Deep Value: Ben Graham-Style Bargains: Inelegant but Profitable Strategy of Cigar Butt InvestingThe Approach: Why It Works; Track Record Dating Back to the Father of Security Analysis; Some Companies Are Worth More Dead Than Alive; Investors' Obsession with Income; Uses and Misuses of Ben Graham-Style Investing; The Rewards of Psychological Discomfort; Not a Low-Turnover, Long-Term-Oriented Investment Approach; Beware of Portfolio Concentration in the Land of Cigar Butts; Screening for Graham-Style Bargains; Ben Graham's Net Net Screen; Martin Whitman's Modified Net Net Screen.
- Enhanced Screening: Repurchases, Insider Buying, Shrinking Working Capital RequirementsBeyond Screening: Working through a List of Deep Value Candidates; Adjusting Balance Sheet Values in a Liquidation Scenario; Companies at Cyclical Lows versus Those in Secular Decline; Oxymoron or Opportunity: Net Nets with Non-Capital-Intensive Businesses; Asking the Right Questions of Graham-Style Bargains; Is Value Growing, Staying Flat, or Shrinking over Time?; Is Liquidation Value Really Much Higher Than Market Value?; What Is the Catalyst to Unlocking Value?; Key Takeaways; Notes.
- Chapter 3: Sum-of-the-Parts Value: Investing in Companies with Excess or Hidden AssetsThe Approach: Why It Works; Uses and Misuses of Investing in Companies with Overlooked Assets; Is an Identifiable Asset Really a Separate Asset?; What Is the Catalyst to Unlocking Noncore Value?; Is the Offer ""Buy One, Get One Free"" or ""Buy 10, Get One Free""?; Screening for Companies with Multiple Assets; Companies with Multiple Operating Businesses; Companies with Large Holdings of Net Cash; Companies with Investments in Other Companies; Companies with Large Real Estate Holdings.
- Beyond Screening: Proven Ways of Finding Hidden AssetsScrutinizing the Holdings of Smart Investor-Detectives; Combing through Areas of Specific Opportunity; Building a Watchlist of Companies with Hidden Value; Asking the Right Questions of Companies with Hidden Assets; To What Extent Are the Hidden Assets Really Overlooked?; What Is the Investment Case without the Noncore Assets?; What Is the Path to Value Capture?; Key Takeaways; Notes; Chapter 4: Greenblatt's Magic Search for Good and Cheap Stocks; The Approach: Why It Works; The Magic of Making Money; The Magic of a Low Price.
