Value Investing For Dummies Paperback – Illustrated, March 31, 2008

If you are interest in investing like Warren Buffett, you should buy this book. It explains a lot detials and show step by step to find undervalue stock using excel. This book is easy, simple, and clear.

It is a good book for beginners in the subject of value investing. It is quite comprehensive but a bit long-winded at times.The only problem I find is that, for practical purposes, it stated that either you create your own intrinsic value model using Excel/Lotus spreadsheet or use the prepackaged Web model - the Quicken Stock Analyzer. However, to use the Quicken Stock Analyzer, you need to be a member. To get a Quicken.com Member ID, you need a current version of Quicken 2001, 2002, 2003 or 2004. When you install and register your copy of Quicken, you can specify your desired Quicken.com Member ID at that time.If you, a beginner, does not use Quicken software or does not know how to input the given formula into the Excel worksheet - tough. Another way is to read a more difficult book by A. Damodaran on value investing.Other than the above, the book is a good introduction and the first book to be read on value investing.

. this book was a gift for my son, he is very grateful with it, the item was delivery on time in a very good conditions... as usual with Amazon

Sound advice for those who don't have backgrounds in investing.

Best book on the subject I have ever read.

Pros: Value Investing for Dummies offers a great introduction to the subject of value investing. If you're interested in learning more about how financial greats like Warren Buffet invest, this is a good place to start. The book includes tips on overall investment strategies and names specific companies that have proven to be good value investments over the years.Cons: The tools the book discusses are a bit out of date. You'll have to find your own tools to manage your investments, but there are plenty of tools available on the web or from your bank's/broker's site. The main problem I have with the book is its incredibly poor editing. It's full of typographical errors, which tend to call the quality of the entire book into question after a while. I hope that a thoroughly proofread, revised edition is released soon, because all of the typos really detract from what in essence is quality content and sage advice.Bottom line: I always felt that value investing was the right strategy for me, but wasn't sure how to go about implementing a plan since so many people on the market do exactly the opposite of value investing (speculating, selling everything when the market crashes, buying when prices go up, etc.). I was looking for a clear, one-stop source with information on how to make investments that yield long-term returns even if you only have a small budget to work with. There are plenty of sites on the web that offer advice, but so many of them are all over the place or only offer piecemeal or even conflicting information. You can spend an entire afternoon clicking around and not learn anything. I bought this book in 2009 to give myself an overview of the topic. Since then, I've graduated to more in-depth financial accounting texts along with Warren Buffet's biographies. I have used the formula broadly outlined in the book as a basis for my investment decisions and the value of my investment portfolio has since grown by 24%. Value Investing for Dummies confirmed that my instinct to search for sustainable value in companies was right all along and helped me learn to put more trust in this instict and invest more in stocks than in mutual funds, which had been the mainstay of my portfolio in the past. The basic premise is simple, invest in companies that have true value, buy low, sell high and don't let stock market psychology scare you - you're in it for the long haul.

After reading many books on Warren Buffett and, more broadly, on the subject of value investing, I still found myself a bit lacking in how to identify the true worth of a business. The reason for this was that many of the books assumed more than, in fact, I really knew.(This is not to say that such books were of no value to me or won't be for you. It is simply stating the obvious: without a solid grounding in how to evaluate, and quantify, what any of the businesses I looked at were worth, I was strongly limited in my efforts of making good investment decisions. I was able to tell, for instance, that a company was competently run but not whether it would earn enough in the future to justify its current price. And that, as every rational investor will tell you, is key to achieving investment success.)_Value Investing for Dummies_ assumed virtually nothing. Sure enough this meant much in the book was a review of what I had already learned from others (and might be for you too) but to my mind there's nothing wrong with relearning what is already known. (Better to do so with a book at least than with one's own money.) In assuming little-to-nothing of the reader, the authors give the reader all the tools he or she needs to invest profitably in the future.Crucial to the dummy reader and, in this case, that means me, the book shows how to understand the _language_ of business: accounting. Since this is where the book shines, I'll pause here to allow the authors themselves a chance to explain what it is they're setting out to do. In Part 2 of the book titled "Fundamentals for Fundamentalists" the authors state their intentions as follows:"We open the value investor toolbox by first engaging in a short exploration of investing mathematics . . . Next up is a discussion of information and information sources key to the value investor. Then, we dig in further with a tour of the financial statement landscape, including balance sheets, income statements, and cash flow statements. Ratios and ratio analysis are explored as a way to make more sense of these numbers. Finally, we help you to find and interpret non-numeric influences in the value equation."In the next section, Part 3, the authors again state their intentions:"We help you to assess or _appraise_ the value of a company and relate that value to the stock price. We examine some of the proven methods of business value asessment, including intrinsic value, book value, discounted cash flow, and the strategic profit formula. Then we sprinkle in a dash of intangibles (investors shouldn't live by numbers alone) and discuss buy and sell decisions. To bring these tools and techniques together into a system, we use none other than the full example of the master, Warren Buffett. Finally, to provide practice and reinforcement we present case studies of value, and for further reinforcement we resort to the age-old technique of showing opposites: examples of _un_value."As a reader of the book, and now a reviewer, I have the duty to tell you that the authors have done exactly what they intended to do--and they have done it well. The style is such that even somewhat boring topics seem lively and the technique, as it is explained above and practiced throughout, simply can not be improved upon. The crystal-clear definitions of accounting terms and financial ratios, the detailed explanations showing what they mean and why they are important, the real-life example of Warren Buffett, and the case studies taking you all the way through the process step-by-step make this book truly the best place to start for anyone interested in investing.

This is really an awesome book and the perfect beginner guide for people who want to get started in value investing but have only introductory or intermediate knowledge of accounting and finance. I almost didn't buy it because of the lack of reviews on amazon but the great review I read on [...] really convinced me.