Book of Value: The Fine Art of Investing Wisely (Columbia Business School Publishing) Kindle Edition

I have read most well regarded investment books of all time and I have worked in financial markets for over 15 years. I don't know the author. In my humble opinion this is a special book that every investor, whether novice or professional can benefit from. I have read it twice now and made notes, and now written my first Amazon book review. I have not been prompted to do any of those actions before despite reading and gaining valuable knowledge from great books by Greenwald, Marks, Graham, Fisher and many other great investing authors. The author defines investing as a 'problem of choice as opposed to defining it as a problem of chance'. The book provides an analytical framework for controlling emotions and biases using the principle of negation, turning investing into a negative art. I found many insights in this book that will help with my investing. Real world company examples are provided and enough information is provided for practical application. I would have liked to have seen more real world application examples with different outcomes and associated discussion however I presume the author had page constraints. At 330 pages there is already a lot of valuable information packed in the book. The author mentions plans for a second edition. I for one will look forward to its publication.

I own well over 200 books on the subject of investing/history of markets; from well-known modern classics like The Most Important Thing to forgotten gems like The Money Game. It’s been a good while since I’ve picked up such a refreshing, well-written and important book that truly adds value to the existing breadth of literature on the subject. So many redundant books on investing out there; this is certainly not one of those!This book does not introduce entirely new concepts but does offer key building blocks that so many behavioral finance and traditional finance books seem to miss. The vast majority of investors would likely serve themselves well if they focused on the investment principals laid in just handful of books and simply reread them. I've not recommended the same group of books to different investors but one I almost always recommended is "Your money and Your Brain, by Jason Zwieg. The Book of Value is now on a list of two I plan to recommend to just about every investor.

I have now been in the investing business for more than 15 years and rarely does an investing book surprise me in a good way but Book of Value by Anurag Sharma managed to do just that. I have become quite skeptical of academics that teach investing because they don’t seem to grasp the realities of the investment process. This book avoids those cognitive failures and puts its readers on the right track in vital areas such as investor psychology, diversification, and how to determine a proper discount rate. All areas that cause the vast majority of investment failures that I encounter. I would recommend this books for new investors, those who aren’t successfully investing currently, institutional investors, and investing consultants.

Very readable !

Not terrible, but what you get when an academic writes a book on investing. Very basic, but at the same time not very useful. Preferable to learn investing from those that have done it successfully.

Professor Sharma taught me value investing at UMass Isenberg. Taking his class was one of the best educational experiences of my life, ever. I would like to thank him, sincerely. I read this book every year and love it!

good

I ordered the Kindle version. The charts and tables are missing on all my devices. Otherwise it is a thoughtfully written book.

I found this book very respectful addition to value investing pantheon. It covers the ground well. I also learnt few additional scientific ways to test the hypothesis for validation. The key point of the book is forecasting earnings is difficult. Why not turn the problem upside down and check what growth market is assuming in the current price. Such inversion is often more feasible and within the realm of possibilities than forecasting earnings 2 years down.This book can bring beginner and intermediate investor quickly up to certain mark. The writer is professor of value investing in the reputed university and the book is distillation of what he teaches in his respected course. This book is second best to taking his actual course which may cost you many thousand times the price of this book. In that sense this is great value. And good addition to library of any serious investor. I have read many books on investing and still I learnt few new things here. Especially on the ways to critique the hypothesis and arguments. the way of thinking. So you do not fool yourself with your own arguments and biases. If you follow his process then you have no where to hide I promise you.You will not regret reading this good book on value investing.

Its not a bad book. But it rambles on a bit. More suited to a starting reader than an advanced one in the domain of investing. I would say a similar book that is more suited to an advanced reader would be Bruce Greenwald's Value Investing.

Even after reading hundreds of books on investing, one can find so many new things in this book which are thought provoking, insightful and helpful to make better investment decisions.

Very interesting concept of anyalysing the revenue to see if their business strategy vs peers his example of coach is very impressive how they adapted to the tough retail market and he was right years later they are doing much better their their peers.

Though written quite well, it takes time and focus to understand