“If you don’t believe in Value Investing, what do you believe in?”
Value investing is a process , the process that combine two ingredients to be successful , a good understanding economic of the business operation , the company and there study and a discipline valuation approach , this two things have to integrated , in this book you will learn how to do this integration successfully , fist we understand assets value then we move to earning power value , then we ask yourself does this company enjoy barriers to entry or not ?once we get the answer then we go to the next step to analyse the franchise value of the company , if the answer is no then we stop going forward , organizing the information in a structural way .
“If you buy things you do not need, soon you will have to sell things you need.”
― Warren Buffett
.The first section in this book it about creation of wealth, importance of wealth, the habit we can learn from some of the wealthy people and develop the same skill, why rich people try to look wealthy but broke in couple years, where they made the mistake, we will see what was wrong with rich people that they cannot become wealthy, going forward we see understand what kind of rules are there to become wealthy and how to get wealthy.
We will go though the details to become financially free. Saving and investment is very important and how much we should save and what type of income, we can create to become financially free, we will see example of people who created enormous wealth through passive income thought using stock investing and they are wealthy people in this world .We will understand the value of money, for present value as well as future value. we see also learn history of stock investing , how to invest , how to go though selecting a good and quality company for that I have shared the Apple Inc 2019 financial statement like balance sheet , income statement and cash flow and some important ratio analyses , we will also learn the valuable lesson from great investors like Warren Buffett ,Peter Lynch ,Charlie Munger and Benjamin Graham
Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1”
– Warren Buffett
This book is design how to use Value Investing? you buy something which is below the value , stock that are out of favour. The business owned by ethical management , which has moat around it , business which require least capital , require less amount of debts , have margin of safety and must be within Circle of Competence.
It is most successful Process Principal and discipline Framework developed by great investor Benjamin Graham is regarded by many to be the father of value investing. Along with David Dodd, he wrote Security Analysis, first published in 1934.
This book is a study of Benjamin Graham , Warren Buffett, Peter Lynch, Charles Thomas Munger & Philip Arthur Fisher, Parag Parikh, The investment Principal shared by them.
This book is divided in two parts, Qualitative Analysis & Quantitative Analysis. The important of the checklist and if you don’t use checklist , what can be wrong in your investment , the importance of checklist , why checklist is important , the benefits of using a checklist , how Warren Buffett have created enormous wealth by selecting value stock and without checklist it is not possible to know about the company. Moving forward in this book, you will learn valuable lessons from the greatest value investor like Warren Buffett, Charlie Munger, Benjamin Graham, Mohnish Pabrai, Peter Lynch, Seth Klarman, Walter Schloss, Sir John Templeton& Philip Fisher. You will learn how to use, Qualitative Analysis & Quantitative Analysis, about the value investing checklist framework, what kind of company value investors would like to invest and what kind of industry they are comfortable to invest, and you will learn, what kind of industries Warren Buffett invests. You will learn the approach to use the checklist as per value investing process principal, where you need to stop and not to use the checklist, In the Qualitative Analysis checklist you will learn about the business ecosystem, about product portfolio, who are the suppliers, about the competition in the industry, where company geographically operate in, what is the competence of management, about the franchise value, barrier to entry and durable competitive advantage.
In Quantitative Analysis you will learn about the portfolio diversification, risk and return of the portfolio , In risk, you will learn about the stock risk such as margin of safety and corporate governance or fraud, how leverage destroys value to the shareholders, moving forward you will learn about microeconomics risks such as business recession and inflation risk, how you can avoid such risk and last you will learn about Value Investor Discipline Approach a way to be a successful value investor, the last but not the least, you will learn best quotes by Benjamin Graham from the intelligent investor.
“A man may die, nations may rise and fall, but an idea lives on. Ideas have endurance without death.”
―John F. Kennedy
Concept of entrepreneurship. Basically, entrepreneurship is the process that a person identifies new opportunities for setting up an enterprise to make their dream come true. While an entrepreneur is the one willing to take the risk to start up a business in order to make a profit. There are many people who misunderstand that a successful entrepreneur is born. In fact, is opposite, an entrepreneur can be trained to learn entrepreneurial knowledge and skills such as managerial skills, marketing skills, and entrepreneurial attitude. Courage, tenacity, innovative, risk-taker are some of the characteristics of a successful entrepreneur. There are many real-life successful entrepreneurs example such as Steve Jobs, Bill Gates, so on. Therefore, with all those necessary skills, knowledge, and characteristics everyone could be one of them in the future!
In this book you will learn about the blueprint of entrepreneurship, in this framework, we have Opportunity, People, and Finance.
•How to find the right Opportunity
•How to Solve the Problem
•Whom to test your Product
•How to build your Team
•How to raise capital
In this book, you will be learning, what has not worked in investing and the mistakes investor makes and value investor avoid, you don’t have to do all mistakes with all your money, all you need to search for what has not worked in investing and what are you doing currently, that is not been working, you will get all the answer in this books.
This Book has all the mistakes investors make, continues making every day without understanding, what will be the result, it could be someone new in investing world or someone is old, till date, you must have learned what works in investing in your B-School or somewhere else, in this book you will read the mistakes and surprising facts of value investing. Value Investors know it very well that what doesn’t work and they will never try to do those mistakes. If you will do those mistakes then when you will make money? So let start learning about mistakes and avoid those mistakes and become a successful Value investor.