Money Machine: The Surprisingly Simple Power of Value Investing

Put your money to work–the smart way. Overheard a seductive stock tip? Saw a story on a promising new product? Stop chasing quick payoffs that will never pan out. If you want to succeed in the market, start thinking of stocks as money machines. Investing in the market doesn’t have to be reckless speculation–gambling on guesses about zigs and zags in stock prices. Money Machine explains how to invest based on value, selecting stocks that will continue to enrich you for years to come. Value investing is the secret to the success of Warren Buffet, Benjamin Graham, and other Wall Street legends. It can be your secret, too. Discover how to: – Judge a stock by the cash it generates – Determine its intrinsic value – Use key investment benchmarks such as price-earnings ratio, dividend-price ratio, q ratio–and the Bogle and Shiller models – Recognize stock market bubbles and profit from panics – Avoid psychological traps that can trip you up – And more The stock market is not a get-rich-quick scheme. But it is the best way to achieve the financial success you’ve always dreamed of. Money Machine will help you make those dreams come true.

Table of Contents

PART I: VALUE INVESTING
Chapter 1.Seeing Through The Hype
Chapter 2.Speculation Versus Investing
Chapter 3.Semi-Efficient Markets
Chapter 4.Torturing Data
Chapter 5.Baubles And Bubbles
Chapter 6.Intrinsic Value
Chapter 7.Investment Benchmarks
Chapter 8.The Conservation Of Value
Chapter 9.We’Re Only Human

PART II: VALUE INVESTING APPLIED
Chapter 10. The Right Attitude
Chapter 11. Kiss
Chapter 12. Timing The Market
Chapter 13. Picking Stocks
Chapter 14. Closed-End Funds
Chapter 15. Special Opportunities
Chapter 16. Investing In Your Home