Dynamic Investing Book

A very good take on the basics of value investing. I particularly like the models and formulas that Katsenelson spells out. The Tevye analogy is a GREAT tool for a primer on valuation and source of returns.

I would LOVE an updated version of this book and it would probably earn an extra star. Written in 2007, the book portends a range-bound market when, in fact, both opposites occurred: the "Great Financial Crisis" followed by a 10-year bull market. I don't fault the author for not catching those, but this fact does strain the relevance of the premise of the book. We find ourselves in 2019 with slowing global economic expansion and world-wide interest rates on the low end of the spectrum, so a range-bound market is well within the realm of possibility. Second edition, please!