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The Value Investors: Lessons from the World's Top Fund Managers

ISBN: 978-1-118-33929-9
Hardcover
250 pages
September 2012
US $29.95 Add to Cart

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The Value Investors: Lessons from the World's Top Fund Managers (1118339290) cover image
Other Available Formats: E-book

Foreword xi

Preface xiii

Chapter 1 Free to Choose in Value Land 1
Walter Schloss, Walter & Edwin Schloss Associates

Living through the Great Depression 5

The Meaning of Survival 7

Net-Nets 8

Setting the Right Pace 11

Know Thyself 15

Chapter 2 Once Upon a Time on Wall Street 17
Irving Kahn, Kahn Brothers Group

Becoming Graham’s Disciple 22

Preaching Value 25

A Centenarian Diet 30

Chapter 3 The Making of a Contrarian 33
Thomas Kahn, Kahn Brothers Group

A Modified Graham Approach 38

The Case for Obscure Securities 42

Market Reflection 45

Chapter 4 On the Shoulders of Value Giants 47
William Browne, Tweedy, Browne Company

A Valuable Detour 52

Statistics and Beyond 54

Setting a Global Standard 56

The Social Science of Investing 59

The Market Ahead 61

Chapter 5 A Journey to the Center of Value 65
Jean-Marie Eveillard, First Eagle Funds

Valley of Tears 70

The Inefficient Market 71

The Meaning of Value 74

The Courage to Say No 77

Seeking Protection 79

Chapter 6 The Self-Taught Value Spaniard 83
Francisco García Paramés, Bestinver Asset Management

On a Solo Value Hunt 88

Investing Made Simple 90

Austrian Economics and the Market 93

A Global Rebalancing 97

Chapter 7 The Income-Conscious Englishman 101
Anthony Nutt, Jupiter Asset Management

A Victorian Mindset 105

Finding the Right Investment Culture 108

Trusting Only Tangible Income 110

The Courage to Keep Going 114

Chapter 8 The Frequent Value Traveler 117
Mark Mobius, Templeton Emerging Markets Group

Reading between the Minds 122

Thinking Big and Small 124

Trouble is Opportunity 126

Feeling the Market 130

Chapter 9 The Value-Oriented Businessman 133
Teng Ngiek Lian, Target Asset Management

Learning the Numbers 136

The Art of Contrary Thinking 138

Targeting Good Businesses in Asia 141

The Relativity of Valuation 143

A Value Lifestyle 145

Chapter 10 Value Investing in the Lost Decade 149
Shuhei Abe, SPARX Group

A Musical Beginning 153

Breaking the Language Barrier 155

Learning from the West 156

The Evolution of SPARX 158

Building a Westernized Asia 160

Searching for Value 162

Chapter 11 Eternal Sunshine of the Value Mind 165
V-Nee Yeh, Value Partners Group

A Multidisciplinary Path 168

Seeking a Comfortable Price 171

Finding a Value Partner 172

Spotting Value Minds 176

Becoming a Man of Value 178

Chapter 12 The Accidental Value Investor 181
Cheah Cheng Hye, Value Partners Group

Starting an Investment Hobby Shop 187

Building a Value Temple 189

An Industrialized Process 191

A Value March Forward 195

Chapter 13 The Making of a Value Investor 199
A Humble Portfolio Construction 202

The Art of Valuation 204

Reading for Ideas 205

More than Just the Fundamentals 206

Timing for an Exit 208

Having the Right Temperament 209

Acknowledgments 213

About the Author 217

Index 219

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