Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Investors shouldn't hate the market because of its ups and downs. They should capitalize on it—and give a middle finger to those brokers wasting their time (and money) buying and selling, viewing investing as just buying stocks and not taking ownership of a company.
In this book, Joe Ponzio gives an "f-you" to Wall Street and teaches you how to become a sharp value investor who uses economic downturns to your advantage. By buying into companies you believe in—but that may be selling for less than their intrinsic value, like high-end retailers in a weak market and discount retailers in a strong one—you will profit from their long-term performance.
It's the perfect guide for anyone fed up with Wall Street's bull.
The definitive work concerning Warren Buffett and intelligent investment philosophy, this is a collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades that together furnish an enormously valuable informal education.
The letters distill in plain words all the basic principles of sound business practices. They are arranged and introduced by a leading apostle of the "value" school and noted author, Lawrence Cunningham. Here in one place are the priceless pearls of business and investment wisdom, woven into a delightful narrative on the major topics concerning both managers and investors.
These timeless lessons are ever-more important in the current environment.
Security Analysis has been a cornerstone in the world of investment literature for over sixty years. Originally published in 1934, its principles have stood the test of time, providing invaluable insights for investors worldwide.
By 1951, the authors, Benjamin Graham and David Dodd, had witnessed the transformation of business and investment landscapes from the depths of the Great Depression to the post-war economic boom. This edition encapsulates their refined strategies and techniques for achieving success as individual investors, as well as guiding corporate decision-makers to build shareholder value.
The essence of the book lies in its timeless guidance—that meticulous analysis of balance sheets is the key to investment success, with other factors being mere distractions.
This classic work will reacquaint readers with the foundations of value investing, a philosophy more relevant than ever in today's unpredictable markets.