Concise Guide to Value Investing Book

Preface iv

1 What is value investing? 1

2 Dividend huggers 9

3 Price and value 13

4 Portfolio diversification 29

5 Variable values of a dollar of earnings 33

6 Stock valuation 55

7 Accounting misrepresentation 91

8 Characteristics of a wonderful business 113

9 Sustainability of business performance 121

10 Growth, acquisitions and buybacks 135

11 Evaluating corporate management 145

12 Economic impact of interest rates 169

13 Financial fundamentals 183

14 When to sell 193

15 Strategies and considerations 199

List of abbreviations 221

Index 223