[Sách] Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor Hardcover – October 1, 1991 – Sách gáy xoắn

The disciplined pursuit of bargains makes value investing very much a risk-averse approach. The greatest challenge for value investors is maintaining the required discipline. Being a value investor usually means standing apart from the crowd, challenging conventional wisdom, and opposing the prevailing investment winds. It can be a very lonely undertaking. A value investor may experience poor, even horrendous, performance compared with that of other investors or the market as a whole during prolonged periods of market overvaluation. Yet over the long run the value approach works so successfully that few, if any, advocates of the philosophy ever abandon it. – Author.

Where most investors stumble. Speculators and unsuccessful investors —
The nature of Wall Street works against investors —
The institutional performance derby : the client is the loser —
Delusions of value : the myths and misconceptions of junk bonds in the 1980s —
A value-investment philosophy. Defining your investment goals —
Value investing : the importance of a margin of safety —
At the root of a value-investment philosophy —
The art of business valuation —
The value-investment process. Investment research : the challenge of finding attractive investments —
Areas of opportunity for value investors: catalysts, market inefficiencies, and institutional constraints —
Investing in thrift conversions —
Investing in financially distressed and bankrupt securities —
Portfolio management and trading —
Investment alternatives for the individual investor —
Glossary.