This book provides a highly accessible guide to the stock market, focusing on special situations that portfolio managers and investment experts often miss. It includes case studies, important background information, and tools for individual investors to exploit opportunities in areas like spin-offs, restructurings, merger securities, rights offerings, recapitalizations, bankruptcies, and risk arbitrage. Greenblatt, who has been beating the Dow with returns of 50 percent a year for over a decade, shares his expertise to help readers become successful stock market investors.
Written by Benjamin Graham, 'The Intelligent Investor' is a seminal work on value investing that has inspired millions since its original publication in 1949. The book emphasizes the importance of distinguishing between investing and speculation, calculating the intrinsic value of companies, and maintaining a margin of safety. The revised edition includes updated commentary by Jason Zweig, who provides modern examples and insights to help readers apply Graham's principles in today's market. Warren Buffett, a disciple of Graham, has praised the book as 'the best book about investing ever written'.
This book compiles the semiannual letters Warren Buffett wrote to his partners during his management of Buffett Partnership Limited from 1956 to 1970. These letters provide a rare look into Buffett's mind, highlighting his contrarian diversification strategy, his celebration of compounding interest, his preference for conservative decision-making, and his tactics for achieving market-beating results. The book demonstrates Buffett's intellectual rigor and his application and improvement of the quantitative contributions made by his teacher, Benjamin Graham. It offers accessible lessons in control and discipline that are effective in various market conditions and are the foundation of Buffett's success.
First published in 1934, Security Analysis is a seminal work in the field of finance that lays the intellectual foundation for value investing. The book, written by Benjamin Graham and David L. Dodd, distinguishes between investing and speculating, emphasizes the importance of thorough financial analysis, and introduces key concepts such as the 'margin of safety.' The sixth edition includes commentary from leading Wall Street money managers and a foreword by Warren E. Buffett, who has praised the book for its enduring relevance in modern markets.
Tim Travis is a deep value investor and the CEO of T&T Capital management.
His investing style incorporates options and distressed investing along with value investing to generate income and reduce risk.
Links
* T&T Value Investing:
https://www.ttvalueinvesting.com/
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