Global Value Investing

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A multifaceted approach to value investing with stock valuation based on intrinsic value estimated from cash returns, appraised value of assets, and other facets of value.

 

 

Site Map

 

Tutorial on Investment Principles and Practice

 

 HOME

welcome

 

Introduction

highlights; overview

 

Review

review of Global Value Investing in six languages; translation

 

Intent

statement of purpose for tutorial and analysis

 

Intelligence

intelligence; sphere of competence

 

Challenge

test your knowledge of value investing

 

Awards

recognition for website

 

Hot Tip

A simple easy way to get rich quick?

 

Contact Us

send a message with the email form

 

 

 

 INVEST

Four-Step Investing; stocks & other securities; hedging

 

Speculation

speculation vs investment; marginal price; greater fool theory

 

4-Step Select

stock selection that implements Four-Step Investing

 

 

 

 VALUE

meaning of value; valuation; DCF model; model types

 

Risk

risk and uncertainty; expected value; paradoxes

 

Concept

flexible concept of value

 

Model

firm and equity hybrid models; download spreadsheet programs

 

Styles

value vs growth styles; style indexes

 

Screening

screening vs valuation; double trap; unit pricing; grail

 

Textbook

academic models; reconcile DDM, P/E & FCF models

 

Theory

theory and practical valuation models; first principles

 

McKinsey

company valuation model; example; download

 

Conversions

resource conversions (takeovers, M&A, spin-offs, etc.)

 

 

 

 SAFETY

margin of safety; price vs value; efficiency fallacy; analogy

 

Bull & Bear

Dow 30 Price-to-Value Graph UPDATED

 

 

DJIA 1998

Dow 30 by component stocks with ratios (tables)

 

 

DJIA 1997

Dow 30 by component stocks with ratios (tables)

 

4-Step Select

Four-Step Selection; safety first; example; simulation

 

 

Example

static calculation of intrinsic value (table and graphs)

 

 

 

 FADS

follies; beta risk; small-cap; indexing; anomalies; publish

 

 

 

 NEW

features; original book reviews

 

Thumbs up!

The Theory of Investment Value by John Burr Williams reprint of the original 1938 classic — get yours here now

 

Thumbs down!

Motley Fool Investment Guide by David & Tom Gardner

 

Thumbs down!

The New Finance by Robert A. Haugen

 

 

 

 FAQs

frequently asked questions (FAQs) and answers

 

Wealth Formula

Are you a wealth builder? How can you build wealth?

 

 

 

 GLOSSARY

definitions of terms used at this site and keywords

 

 

 BOOKS

bookstore; links

 

Bookstore

order, find and borrow books

 

Special Books

books, articles and other resources with descriptions

 

 

Compare

Graham and Dodd, Security Analysis 1st and 4th editions

 

 

Theory

John Burr Williams, Theory of Investment Value

 

Books A-F

books, articles and other resources by author A to F

 

 

Textbook

Bodie, Kane and Marcus, Investments

 

Books G-Z

books, articles and other resources by author G to Z

 

 

 

 LINKS

 

 

 

Link List

overview of all selected links

 

 

Links A-M

economics, finance and investing resources

 

 

Links N-Z

economics, finance and investing resources

 

 

 

 AUTHOR

scholar stuff; new research; print requests; downloads

 

Abstracts

financial economics papers on capital asset pricing and risk factors

 

Numeraire

investment for life, coins of the realm

 

 

 

 LEGAL

legal stuff; terms of use; privacy policy

 

 

 

SEARCH

search the main web site, all numeraire web sites, or the web

 


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