--- title: Value Investing description: Value investing is an investment paradigm that involves selecting stocks trading for less than their intrinsic value. Learners will understand how to analyze financial statements, calculate margin of safety, and identify undervalued companies with strong fundamentals. category: finance-economics subcategory: investing difficulty: beginner, intermediate, advanced url: /subject/value-investing --- # Value Investing Value investing is an investment paradigm that involves selecting stocks trading for less than their intrinsic value. Learners will understand how to analyze financial statements, calculate margin of safety, and identify undervalued companies with strong fundamentals. ## Available Resources 2 Books • 2 Courses • 4 Websites ## Books ### 1. The Intelligent Investor **Author:** Benjamin Graham The definitive guide to value investing and defensive portfolio management, emphasizing risk over speculation. **Difficulty:** Intermediate | **Price:** Paid **Link:** https://www.amazon.com/s?k=0060555661&tag=edmonddante07-20 **Tags:** value-investing, margin-of-safety, stock-market, portfolio-management ### 2. The Little Book That Beats the Market **Author:** Joel Greenblatt Greenblatt explains his magic formula, ranking companies by return on capital and earnings yield, in plain language with worked reasoning. Readers finish able to describe why cheap, high-return businesses have historically outperformed the broad market. **Difficulty:** Intermediate | **Language:** English | **Price:** Paid **Link:** https://www.amazon.com/dp/0471733067?tag=edmonddante07-20 **Tags:** books, business-entrepreneurship, investing ## Websites ### 1. Base Hit Investing John Huber, portfolio manager at Saber Capital, writes long-form notes on individual businesses he is researching plus essays on portfolio construction and compounding. Useful for seeing how a practising value investor reasons through a thesis. **Difficulty:** Beginner | **Language:** English | **Price:** Free **Link:** https://basehitinvesting.substack.com/archive **Tags:** value-investing, stock-analysis, portfolio-management, investment-blog ### 2. Value Investors Club Members-only forum founded by Joel Greenblatt and John Petry where vetted investors post detailed long and short write-ups and critique each other's theses. Guests can read the archive to study how professional investment cases are argued. **Difficulty:** Beginner | **Price:** Free **Link:** https://www.valueinvestorsclub.com/ **Tags:** value-investing, investment-research, stock-pitches, equity-analysis ### 3. Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger **Author:** Charles T. Munger This is the source document the entire mental-models genre is derived from, available in full at no cost. Eleven talks by Berkshire Hathaway vice-chairman Charlie Munger, including the 2005 'Psychology of Human Misjudgment' checklist of twenty-five cognitive tendencies and his argument for a latticework of models from physics, biology, economics and psychology. Full text and audio, free. **Difficulty:** Intermediate | **Language:** English | **Price:** Free **Link:** https://www.stripe.press/poor-charlies-almanack **Tags:** mental-models, cognitive-biases, psychology-of-misjudgment, decision-making, investing ### 4. gurufocus.com GuruFocus is a value-investing focused financial site offering stock quotes, financial data, and valuation tools, plus in-depth analysis and learning resources, including profiles and performance of famous investors (gurus) and stock ideas. **Difficulty:** Intermediate | **Language:** English | **Price:** Free **Link:** https://gurufocus.com **Tags:** websites, business-entrepreneurship, investing ## Courses ### 1. Security Analysis Learn value investing strategies from Bruce Greenwald's Security Analysis course! Master fundamental analysis and find undervalued stocks. **Difficulty:** Advanced | **Price:** Free **Link:** https://www.youtube.com/playlist?list=PLOkfSd2_Tja82mUgkYPuA2mMNFoBHJUnH **Tags:** value-investing, securities-analysis, valuation, equity-research ### 2. Value Investing Strategies This foundational course introduces and illustrates the components of total investors’ returns, and how to apply balanced value investing strategies to optimize total risk and returns for investors in equity. It explains and illustrates intrinsic valuation techniques including earnings and EBITA (or EBITDA) multiples valuation, the dividend valuation model (DVM), and discounted cash flow (DCF). It also discusses and illustrates net assets valuation, market-to-book ratios (MBR), portfolio construction, and qualitative and behavioral success factors including client relationship management. Content for the course is designed and delivered by a financial industry practitioner with an extensive practical understanding of the investment markets. Each course is rigorous, including two practice questions per lesson, and a final, graded assessment of 20 questions involving all lessons and sections. This program is designed for anyone interested in understanding how to apply value investing techniques to investment selection, including private investors, people already working within a financial institution in the front, middle, or back-office areas, or seeking entry to one of these roles.Basic understanding of investments, stocks and stock markets. **Difficulty:** Beginner | **Language:** English | **Duration:** 90 minutes | **Price:** Free **Link:** https://www.coursera.org/learn/value-investing-strategies **Tags:** courses, business-entrepreneurship, investing ## Podcasts ### 1. The Value Investor **Author:** Vitaliy Katsenelson Value Investing, Life & Philosophy and Classical Music Explained by Vitaliy Katsenelson **Difficulty:** Beginner | **Language:** en-US | **Price:** Free **Link:** https://investor.fm/ **Tags:** value-investing, investment-philosophy, markets, portfolio-management --- *This content is part of Dantes.io - Your Treasure Map to Knowledge* *Curated by humans at Dantes.io. Personal study use welcome; republishing this curation requires permission (team@dantes.io).* View this page online: https://dantes.io/subject/value-investing