Lux Investing

Can anyone recommend a good book on Value investing?

i know the basics but want to start getting serious.

Public Comments

1. Without a doubt, the definitive "bible" on value investing was "The Intelligent Investor" by legendary value guru, Ben Graham. Graham of course is the Columbia professor, economist, and investment innovator upon whom Warren Buffet has based many of his theories. Buffett describes The Intelligent Investor as "the best book on investing EVER written." You can read more about Graham here: http://en.wikipedia.org/wiki/Benjamin_Graham His book is currently available in a revised edition. Here's the Amazon link: http://www.amazon.com/gp/product/0060555661/104-8758704-2903962?v=glance&n=283155 Hope this helps! --J.
2. The Intelligent Investor by Ben Graham. Or you could read almost anything written by Warren Buffet.
3. Read 'The Intelligent Investor' by Ben Graham. After that, the best step-by-step guide on value investing that I have read is 'The Buffettology Workbook: Value Investing The Warren Buffett Way' by Mary Buffett and David Clark. It explains all the theory, such as the difference between a 'fortress business' with strong barriers to competition and a 'commodity business' with loads of competitors offering the same product or service. It then takes you through the reasonably simple calculations for working out the true value of a company. If the current price is a lot less than the true value, then buy it.
4. I agree with the above recommendation. I also recommend the web site of Legg Mason (the company the renowed investor Bill Miller is working for). It has a knowledge section. The Mauboussin on Sastrategy is fasciating to read. Many good articles on value investing. Plus, it is free!