Wall Street on Sale: How to Beat the Market as a Value Investor Book + PRICE WATCH * Amazon pricing is not included in price watch

Wall Street on Sale: How to Beat the Market as a Value Investor Book

Hot stocks may get all the attention in the press, but, Timothy Vick argues in Wall Street on Sale, you're not going to beat the market chasing the latest high flyer. Vick, founder and editor of the newsletter Today's Value Investor, demonstrates how building a winning portfolio means becoming a smart shopper. He starts by offering a thorough definition of value investing, listing its seven principles: buy assets on sale; form a notion of value; avoid losses with a "margin of safety"; adopt a "for-sale" perspective; stick to it; be a contrarian; and ignore the market. Vick looks at the stocks listed in the S&P 500 index from late 1994 to mid-1997. The stocks at the beginning of the test period with a price/earnings ratio below 7 gained an average of 228.3 percent compared to an 85.3 percent return for the entire index. Those low P/E or undervalued stocks were the real winners. But there's more to being a smart shopper than just buying low P/E stocks. He cites the work of value-investment pros, such as Warren Buffett, James O'Shaughnessy, and Michael Price, mixing in enough tables, graphs, and case studies to prove ably that buying companies at sale prices is a hugely successful stock-picking method. He then shows how to discover hidden values, analyze financial ratios, and assemble a portfolio. And thanks to the development of the Internet, most necessary information is available for free; Vick includes an appendix of 150 Web sites. This is a how-to book for the investor seeking value--the investor that wants to get a dollar's worth of Wall Street for 85 cents. --Thom HartleRead More

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  • Product Description

    Wall Street on Sale is the inside story on how Warren Buffett, John Templeton, and other value investing legends built huge fortunes by never overpaying in the stock market. This common-sense guidebook, written to help both the novice and the seasoned pro, summarizes the major themes of value investing, the consistently successful strategy designed to increase your chances of success while reducing your exposure to risk.

    Featuring over 150 valuable website addresses, this myth-shattering book will show you how to: Calculate the true worth of any company within pennies per share; Identify companies that can consistently increase their earnings, net worth, and intrinsic value over time; Act as a contrarian, ignoring market hype and noise to evaluate companies based solely on their investment merits.

  • 0071342052
  • 9780071342056
  • Timothy P. Vick
  • 1 March 1999
  • McGraw-Hill Inc.,US
  • Hardcover (Book)
  • 289
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