Manual of Ideas - The Proven Framework for Finding the Best Value Investments

Informationen zum Autor JOHN MIHALJEVIC, CFA, is a Managing Editor of The Manual of Ideas , the monthly idea-oriented research publication for value-oriented investors, and a Managing Director of ValueConferences, a series of fully online investment conferences for value-oriented investors. He has also served as Managing Partner of the investment firm Mihaljevic Capital Management LLC since 2005. He is a member of Value Investors Club, an exclusive community of top money managers, and has won the club's prize for best investment idea. John is a trained capital allocator, having studied under Yale University Chief Investment Officer David Swensen and served as research assistant to Nobel laureate James Tobin. John holds a BA in economics, summa cum laude , from Yale and is a CFA charterholder. He resides in Zurich, Switzerland, with his wife, two sons, and a daughter. Klappentext Reveals the proprietary framework used by an exclusive community of top money managers and value investors in their never-ending quest for untapped investment ideasConsidered an indispensable source of cutting-edge research and ideas among the world's top investment firms and money managers, the journal The Manual of Ideas boasts a subscribers list that reads like a Who's Who of high finance. Written by that publication's managing editor and inspired by its mission to serve as an "idea funnel" for the world's top money managers, this book introduces you to a proven, proprietary framework for finding, researching, analyzing, and implementing the best value investing opportunities. The next best thing to taking a peek under the hoods of some of the most prodigious brains in the business, it gives you uniquely direct access to the thought processes and investment strategies of such super value investors as Warren Buffett, Seth Klarman, Glenn Greenberg, Guy Spier and Joel Greenblatt.* Written by the team behind one of the most read and talked-about sources of research and value investing ideas* Reviews more than twenty pre-qualified investment ideas and provides an original ranking methodology to help you zero-in on the three to five most compelling investments* Delivers a finely-tuned, proprietary investment framework, previously available only to an elite group of TMI subscribers* Step-by-step, it walks you through a proven, rigorous approach to finding, researching, analyzing, and implementing worthy ideasReveals the proprietary framework used by an exclusive community of top money managers and value investors in their never-ending quest for untapped investment ideasConsidered an indispensable source of cutting-edge research and ideas among the world's top investment firms and money managers, the journal The Manual of Ideas boasts a subscribers list that reads like a Who's Who of high finance. Written by that publication's managing editor and inspired by its mission to serve as an "idea funnel" for the world's top money managers, this book introduces you to a proven, proprietary framework for finding, researching, analyzing, and implementing the best value investing opportunities. The next best thing to taking a peek under the hoods of some of the most prodigious brains in the business, it gives you uniquely direct access to the thought processes and investment strategies of such super value investors as Warren Buffett, Seth Klarman, Glenn Greenberg, Guy Spier and Joel Greenblatt.* Written by the team behind one of the most read and talked-about sources of research and value investing ideas* Reviews more than twenty pre-qualified investment ideas and provides an original ranking methodology to help you zero-in on the three to five most compelling investments* Delivers a finely-tuned, proprietary investment framework, previously available only to an elite group of TMI subscribers* Step-by-step, it walks you through a proven, rigorous approach to finding, researching, analyzing, and implementing wort...

Table des matières

Preface xiii
 
CHAPTER 1 A Highly Personal Endeavor: What Do You Want to Own? 1
 
Give Your Money to Warren Buffett, or Invest It Yourself? 2
 
Cast Yourself in the Role of Capital Allocator 7
 
Owner Mentality 14
 
Stock Selection Framework 17
 
Key Takeaways 18
 
Notes 20
 
CHAPTER 2 Deep Value: Ben Graham-Style Bargains Inelegant but Profi table Strategy of Cigar Butt Investing 23
 
The Approach: Why It Works 24
 
Uses and Misuses of Ben Graham-Style Investing 34
 
Screening for Graham-Style Bargains 41
 
Beyond Screening: Working through a List of Deep Value Candidates 44
 
Asking the Right Questions of Graham-Style Bargains 49
 
Key Takeaways 53
 
Notes 54
 
CHAPTER 3 Sum-of-the-Parts Value: Investing in Companies with Excess or Hidden Assets 57
 
The Approach: Why It Works 58
 
Uses and Misuses of Investing in Companies with Overlooked Assets 60
 
Screening for Companies with Multiple Assets 64
 
Beyond Screening: Proven Ways of Finding Hidden Assets 69
 
Asking the Right Questions of Companies with Hidden Assets 78
Key Takeaways 81
 
Notes 82
 
CHAPTER 4 Greenblatt's Magic Search for Good and Cheap Stocks 83
 
The Approach: Why It Works 84
 
Uses and Misuses of Investing in Good and Cheap Companies 91
 
Screening for Good and Cheap Companies 98
 
Beyond Screening: Hope for Improvement Springs Eternal 102
 
Asking the Right Questions of Greenblatt-Style Bargains 106
 
Key Takeaways 113
 
Notes 114
 
CHAPTER 5 Jockey Stocks: Making Money alongside Great Managers 117
 
The Approach: Why It Works 118
 
Uses and Misuses of Investing in Jockeys 121
 
Screening for Jockey Stocks 131
 
Beyond Screening: Building a Rolodex of Great Managers 141
 
Asking the Right Questions of Management 146
 
Key Takeaways 150
 
Notes 151
 
CHAPTER 6 Follow the Leaders: Finding Opportunity in Superinvestor Portfolios 153
 
Superinvestors Are Super for a Reason 154
 
Uses and Misuses of Superinvestor Tracking 157
 
Screening for Companies Owned by Superinvestors 160
 
The Superinvestors of Buffettsville 163
 
Beyond Screening: What Makes a Company Attractive to Superinvestors? 171
 
Key Takeaways 175
 
Notes 177
 
CHAPTER 7 Small Stocks, Big Returns? The Opportunity in Underfollowed Small- and Micro-Caps 179
 
The Approach: Why It Works 180
 
Uses and Misuses of Investing in Small Companies 185
 
Screening for Promising Small- and Micro-Caps 189
 
Beyond Screening: Other Ways of Finding Compelling Small- and Micro-Cap Ideas 197
 
Asking the Right Questions of Small-Cap Prospects 207
 
Key Takeaways 212
 
Notes 214
 
CHAPTER 8 Special Situations: Uncovering Opportunity in Event-Driven Investments 215
 
The Approach: Why It Works 216
 
Uses and Misuses of Investing in Special Situations 220
 
Uncovering Special Situations 227
 
Asking the Right Questions of Special Situations 231
 
Key Takeaways 236
 
Notes 237
 
CHAPTER 9 Equity Stubs: Investing (or Speculating?) in Leveraged Companies 239
 
The Approach: Why It Works 241
 
Uses and Misuses of Investing in Equity Stubs 242
 
Screening for Equity Stubs 251
 
Beyond Screening: An Ambulance-Chasing Approach 253
 
Asking the Right Questions of Equity Stubs 257
 
Key Takeaways 264
 
Notes 265
 
CHAPTER 10 International Value Investments: Search

Commentaire

"The Manual of Ideas: The Proven Framework for Finding the Best Value Investments provides an overview of nine value investing strategies, including why each one is expected to work, the uses and misuses of each, and how to identify specific investment opportunities for each strategy. It is a useful book both for those looking for a current overview of value investing and for the more experienced value investor seeking a critical analysis of value investing strategies and thoughts on methods for identification of specific investment opportunities."
--CFA Institute Book Review

Détails du produit

• Auteurs: John Mihaljevic, Mihaljevic John
• Edition: Wiley, John and Sons Ltd
• Langues: Anglais
• Format d'édition: Livre Relié
• Sortie: 02.08.2013
• EAN: 9781118083659
• ISBN: 978-1-118-08365-9
• Pages: 336
• Catégories: Sciences sociales, droit, économie > Economie > Economie privée; Betriebswirtschaft und Management, Kapitalanlage, Anlage (finanziell) - Geldanlage, Finance & Investments, Finanz- u. Anlagewesen, Kapitalanlagen u. Wertpapiere, Investments & Securities