This book does a wonderful job of framing the benefits and philosophy of value investments. In particular, he goes into a well thought out, approachable discussion about the relationship between risk and reward in the world of investing. He lays out a strong case that reliably successful investing depends on deriving an accurate assessment of intrinsic value and investing when the asset’s price trades below this value. He claims the most important things are: (1) understanding how to value an investment and (2) identifying how market price movements affect current value.
Contributor: Riley Adams from Young And The Invested