The theory of investment value
Explore The theory of investment value by John Burr Williams: 2 Hacker News mentions from 2 participants in 2007-02-22–2026-11-01. Read original excerpts, compare opinions and save this book.
Share on XThe theory of investment value
2 mentions · 2 participants · 1 recommenders
Book editionFrom the conversation
Latest 2 source recordsA mention is not an endorsement. Labels are automatically classified by the source. Follow the original discussion to verify the context.
This record preserves its author, date and source link. Open HN to read the full context.
Read on Hacker NewsI've read The Intelligent Investor and The Theory of Investment Value and Common Stocks and Uncommon Profits . All three were quite good. To summarize the first two (very roughly): The market isn't perfect and there are a lot of undervalued companies that are great. You have to find these companies at a significant discount to what they are really worth, and then you have to be patient enough for everyone else to realize their error. The third would IMHO be more geared towards someone that wanted to be a professional. Fisher talks extensively about ways to interview management/competitors/clients for information not found on a balance sheet, and prefers to look for new technology companies with huge potential upsides. He admits himself that most of his success was due to a half dozen huge wins in his entire life, and he tries to document …
Read on Hacker News