For anyone who wants to learn about value investing, I discovered an easy to read book.
The message I got is that value investing is easy enough but most people do not have the patience for it.
“Patience is sometimes the hardest part of using the value approach. When I find a stock that sells for 50 per cent of what I have determined it is worth, my job is basically done. Now it is up to the stock. It may move up toward its real worth today, next week, or next year. It may trade sideways for five years and then quadruple in price. There is simply no way to know when a particular stock will appreciate, or if, in fact, it will.”
Of course, there are many ways to make money from the stock market and value investing is probably one of the best known, if not …