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First half of the book explains on how value investing still relevant, even now. How some fund managers who applied this paradigm returned very well. And how it evolves through ages, through booms and busts, and how it still achieve something that many intelligent investor knows it is a good road. Larry explains them well. I got some new knowledges, new clues, and reminders of what value investing is.But the last chapter about evaluating management is a bit of opinion from the author. I guess Bu...
Reading one Book at a time I got to writing my book "13 Habits that made me Billions"
Full knowledge of both, might have to reread
a good read on how to be a better investor.
Still relevant today
A reasonable book. I haven't much like Cunningham's work.It has a bit about how partially stupid the EMH is and how a valuation practice should be conducted. There is an excellent parable in the 6th chapter which I chose to mark out and apart from that and a few other nuggets of wisdom from WB and BG, the book is thoroughly OK. In fact, I chose to browse through most of the book because it seemed covered through my prior reads of other books. The last bit is just a drag though. Get it if you wan...
There are some interesting ideas here, but there is also a lot of dross. While Cunningham was correct to criticize those buying into the internet craze, much of his commentary is already dated. Also, the entire section raving about superior corporate managers is pretty much a waste of ink. Cunningham is best when discussing abstract market and mathmatetical concepts, which unfortunately comprises only about 20% of this book.
Nice overview of how to think about stock valuation and when to buy. Does a good job of illustrating the difference between price and value. Doesn't do such a great job of highlighting finance metrics.
Just Ok kinda book...Read if u must