While not a book directly related to value investing, it is a must read by anyone wishing to succeed financially in life. The short stories have many lessons to teach and will leave you in awe as its simple teachings remain true, despite it being written almost 100 years ago! … [Read more...]
Quantitative Strategies for Achieving Alpha
Tortoriello provides its own twist via numerous two-factor models that prioritize the first factor before moving on to the second. Furthermore, the author discusses the logic behind his tests and ratios and provides excellent guidelines for investors. There are also ratios tested (eg. CAPEX/Net PPE) not seen elsewhere. … [Read more...]
Contrarian Investment Strategies
Dreman was a pinioneer as started publishing his research findings from the late 70s. While a heavier read than Tortoriello, he provides additional proof on the merit of value investing. Personal favourite is the analysis on earnings surprises and the stock reaction on high and low multiple equities. … [Read more...]
Value Investing: Tools and Techniques for Intelligent Investment
An investment classic. The book is a collection of articles by James Montier. It is broken into sections and discusses a range of topics. It starts with an attack on beta, CAPM and DCF before going into value investing. Montier provides evidence and makes a strong case for his beliefs. There is a lot to think about as he goes in depth on his answers. Thought provoking and a … [Read more...]
American Association of Individual Investors
So far this year this section has reviewed a book and a newsletter. To add variety I’ve decided to add a website review this month. The website is the Association of American Investors (www.aaii.com). AAII is probably most known for its Sentiment Survey. AAII polls its over 160,000 members on a weekly basis via e-mail. Members are asked if they are bullish, neutral or … [Read more...]
