Wisdom on Value Investing by Gabriel Wisdom
Wisdom on Value Investing by Gabriel Wisdom is based on Wisdom’s professional experience and his Fallen Angels investment strategy, a way to identify good companies that have been punished by the stock market.
Value investing is an investment strategy made popular by Benjamin Graham and brought to the forefront with the successes of Warren Buffett. The idea is that you want to buy a great company at a great price, when it’s been discounted by an emotional stock market.
The book does more than give you a framework for analyzing companies and discusses the important tenets of value investing. Wisdom writes about the ten traits of the world’s most successful value investors, how to tell the difference between a falling vs. a fallen company, establishing your exit strategy and and a clever point called time arbitrage (which he says he learned from Joel Greenblatt’s The Little Book That Beats the Market).
But all those ideas, while valuable, aren’t specifically called out on the cover. I want to know how I can idenfity Fallen Angels and I find that in chapter 10. Wisdom does a detailed job walking you through two stock screens – one that ...
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Categories: Uncategorized Tags: Arbitrage, Forefront, Investment Strategy, Stock Investing, Stock Value, Successes, Tenets, Value Investing, Warren Buffett, Wisdom