Notice bibliographique
- Notice
Type(s) de contenu et mode(s) de consultation : Texte noté : électronique
Auteur(s) : Mihaljevic, John (1976-....)
Titre(s) : The manual of ideas [Texte électronique] : the proven framework for finding the best value investments / John Mihaljevic
Publication : Hoboken, New Jersey : Wiley, [2013]
Description matérielle : 1 online resource
Note(s) : Includes bibliographical references and index. - Print version record and CIP data provided by publisher.
Reveals the proprietary framework used by an exclusive community of top money managers
and value investors in their never-ending quest for untapped investment ideas. Considered
an indispensable source of cutting-edge research and ideas among the world's top investment
firms and money managers, the journal The Manual of Ideas boasts a subscribers list
that reads like a Who's Who of high finance. Written by that publication's managing
editor and inspired by its mission to serve as an "idea funnel" for the world's top
money managers, this book introduces you to a proven, proprietary framework for finding,
researching, analyzing, and implementing the best value investing opportunitie
Sujet(s) : Analyse financière
Gestion de portefeuille
Indice(s) Dewey :
332.6 (23e éd.) = Investissement
Identifiants, prix et caractéristiques : ISBN 9781118722848
Identifiant de la notice : ark:/12148/cb44654898t
Notice n° :
FRBNF44654898
(notice reprise d'un réservoir extérieur)
Table des matières : The Manual of Ideas: The Proven Framework for Finding the Best Value Investments;
Copyright; Contents; Foreword; Preface; Chapter 1: A Highly Personal Endeavor: What
Do You Want to Own?; Give Your Money to Warren Buffett, or Invest It Yourself?; Cast
Yourself in the Role of Capital Allocator; Role versus Objective: A Subtle but Important
Distinction; The Buck Stops Here; The Scale of Investments: How Much Is a Billion
Dollars, Really?; Owner Mentality; Adopting the Right Mind-Set; Stock Selection Framework;
Key Takeaways; Notes.
Chapter 2: Deep Value: Ben Graham-Style Bargains: Inelegant but Profitable Strategy
of Cigar Butt InvestingThe Approach: Why It Works; Track Record Dating Back to the
Father of Security Analysis; Some Companies Are Worth More Dead Than Alive; Investors'
Obsession with Income; Uses and Misuses of Ben Graham-Style Investing; The Rewards
of Psychological Discomfort; Not a Low-Turnover, Long-Term-Oriented Investment Approach;
Beware of Portfolio Concentration in the Land of Cigar Butts; Screening for Graham-Style
Bargains; Ben Graham's Net Net Screen; Martin Whitman's Modified Net Net Screen.
Enhanced Screening: Repurchases, Insider Buying, Shrinking Working Capital RequirementsBeyond
Screening: Working through a List of Deep Value Candidates; Adjusting Balance Sheet
Values in a Liquidation Scenario; Companies at Cyclical Lows versus Those in Secular
Decline; Oxymoron or Opportunity: Net Nets with Non-Capital-Intensive Businesses;
Asking the Right Questions of Graham-Style Bargains; Is Value Growing, Staying Flat,
or Shrinking over Time?; Is Liquidation Value Really Much Higher Than Market Value?;
What Is the Catalyst to Unlocking Value?; Key Takeaways; Notes.
Chapter 3: Sum-of-the-Parts Value: Investing in Companies with Excess or Hidden AssetsThe
Approach: Why It Works; Uses and Misuses of Investing in Companies with Overlooked
Assets; Is an Identifiable Asset Really a Separate Asset?; What Is the Catalyst to
Unlocking Noncore Value?; Is the Offer "Buy One, Get One Free" or "Buy 10, Get One
Free"?; Screening for Companies with Multiple Assets; Companies with Multiple Operating
Businesses; Companies with Large Holdings of Net Cash; Companies with Investments
in Other Companies; Companies with Large Real Estate Holdings.
Beyond Screening: Proven Ways of Finding Hidden AssetsScrutinizing the Holdings of
Smart Investor-Detectives; Combing through Areas of Specific Opportunity; Building
a Watchlist of Companies with Hidden Value; Asking the Right Questions of Companies
with Hidden Assets; To What Extent Are the Hidden Assets Really Overlooked?; What
Is the Investment Case without the Noncore Assets?; What Is the Path to Value Capture?;
Key Takeaways; Notes; Chapter 4: Greenblatt's Magic Search for Good and Cheap Stocks;
The Approach: Why It Works; The Magic of Making Money; The Magic of a Low Price.