Value Investing- Tools And Techniques For Intelligent Investment.pdf

Value Investing: A Disciplined Approach to Intelligent Investment

Measures how effectively management uses shareholder capital to generate profit. Buffett often looks for consistent ROE over 5-10 years.

Stop watching the news. Stop trying to predict interest rates or GDP. Montier presents evidence that macro forecasts are nothing more than guesses. Focus on the company-specific valuation.

– A step-by-step method to estimate a company’s intrinsic value not as a single number, but as a range . The rule: only buy when the current price sits at a 30–50% discount to the low end of that range.