The Surprisingly Simple Power of Value Investing
Author: Gary Smith
Pub Date: June 2017
Print Edition: $27.95
Print ISBN: 9780814438565
Page Count: 320
e-Book ISBN: 9780814438572
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You know the stock market is fickle and unpredictable, a roller coaster ride that can be both thrilling and terrifying. With all that uncertainty, it would be foolish to rely on rumor, hype, and worthless information when making important trading and investment decisions. And yet, so many who play the market do exactly that. But if you’re interested in a more reliable financial strategy that’s not built on tepid “hot tips” and reckless gambles, start hunting for the money machines.
A money machine is a stock that reliably generates cash every few months in the form of dividends. Often the unloved, undervalued stocks that fly well below the Wall Street radar, they are the foundation of value investing. Renowned economist Gary Smith has written a lively, accessible, and practical guide to value investing that puts everything into perspective for the beginning investor and the veteran alike. Money Machine effectively debunks many of the most popular current financial strategies while promoting the only one that consistently outperforms the market.
If you read about an exciting new product that’s going to be all the rage, chances are the company’s stock is already overvalued. Possessing easily available information does NOT give you an advantage over anyone else. You need to invest rather than speculate, to seek out great, unsung companies whose shares are inexpensive in relation to their dividends and earnings. It works for Warren Buffet and it can work for you.
Smith’s expert insights will enable you to:
• Gauge a stock’s intrinsic value
• Eliminate the buy low/sell high guessing game
• Profit when others panic and recognize bubbles before they burst
• Avoid dangerous traps, fads, and trends
• Get the most out of readily available information
• Learn to love the stocks that the market disrespects
Stock prices are constantly being buffeted by fads, fancies, greed, and gloom. But the market’s volatility can be a good thing, because it reveals exciting new opportunities to those who know where to look for them. Money machines may not seem as sexy as the latest IPO—but these solid and steady dividend producers could be your golden tickets to financial success.
Gary Smith is the Fletcher Jones Professor of Economics at Pomona College in Claremont, CA. He holds a B.A. in Mathematics with Honors from Harvey Mudd College and a Ph.D. in Economics from Yale University. Smith has written numerous books and papers on finance, sports, and statistical pitfalls, and his research has been featured in The New York Times, The Wall Street Journal, Forbes, Motley Fool, Newsweek, and BusinessWeek. He has appeared as a guest speaker on CNBC, and was a keynote speaker at the Brookings Institute in Washington, D.C.
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