Despite somewhat obvious shortcomings, a good Book.
Published by Thriftbooks.com User , 22 years ago
How do you write a Book about "Value" Investing and give just a fleeting(one paragraph) mention to the Founding Father of Value Investing,Ben Graham-Consequently there is no reference to essential "Value" Indicating Tools such the Bargain Ratio and the Earnings Yield criteria. Not easy but, despite the Book's rather obvious shortcomings, Mr Howard does a surprisingly good job. As an experienced Professional Stock Market (Value)Investor,aside from the useful short precis in each chapter, I feel the real strengths of this Book is the use of Fundamental data to establish a Stock's range of intrinsic value and quite simply to answer the question"Is the Stock under consideration overvalued,undervalued or fairly priced" on the basis of available evidence.Although involved, the mathematical manipulation is not complicated and should not be beyond the ordinary investor.In conclusion a good and well written Book that should be of real practical use to beginners who feel that there is a better approach to Stockmarket Investment than just tips and rumours.Would suggest a good companion Book to Janet Lowe's "Value Investing Made Easy" as the fortes of both Books perfectly compliment one another. Well worth the price.
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