The Manual of Ideas – The Proven Framework for Finding the Best Value Investments

<p>Preface xiii</p>
<p>CHAPTER 1 A Highly Personal Endeavor: What Do You Want to Own? 1</p>
<p>Give Your Money to Warren Buffett, or Invest It Yourself? 2</p>
<p>Cast Yourself in the Role of Capital Allocator 7</p>
<p>Owner Mentality 14</p>
<p>Stock Selection Framework 17</p>
<p>Key Takeaways 18</p>
<p>Notes 20</p>
<p>CHAPTER 2 Deep Value: Ben Graham Style Bargains Inelegant but Profi table Strategy of Cigar Butt Investing 23</p>
<p>The Approach: Why It Works 24</p>
<p>Uses and Misuses of Ben Graham Style Investing 34</p>
<p>Screening for Graham–Style Bargains 41</p>
<p>Beyond Screening: Working through a List of Deep Value Candidates 44</p>
<p>Asking the Right Questions of Graham–Style Bargains 49</p>
<p>Key Takeaways 53</p>
<p>Notes 54</p>
<p>CHAPTER 3 Sum–of–the–Parts Value: Investing in Companies with Excess or Hidden Assets 57</p>
<p>The Approach: Why It Works 58</p>
<p>Uses and Misuses of Investing in Companies with Overlooked Assets 60</p>
<p>Screening for Companies with Multiple Assets 64</p>
<p>Beyond Screening: Proven Ways of Finding Hidden Assets 69</p>
<p>Asking the Right Questions of Companies with Hidden Assets 78<br /> Key Takeaways 81</p>
<p>Notes 82</p>
<p>CHAPTER 4 Greenblatt s Magic Search for Good and Cheap Stocks 83</p>
<p>The Approach: Why It Works 84</p>
<p>Uses and Misuses of Investing in Good and Cheap Companies 91</p>
<p>Screening for Good and Cheap Companies 98</p>
<p>Beyond Screening: Hope for Improvement Springs Eternal 102</p>
<p>Asking the Right Questions of Greenblatt–Style Bargains 106</p>
<p>Key Takeaways 113</p>
<p>Notes 114</p>
<p>CHAPTER 5 Jockey Stocks: Making Money alongside Great Managers 117</p>
<p>The Approach: Why It Works 118</p>
<p>Uses and Misuses of Investing in Jockeys 121</p>
<p>Screening for Jockey Stocks 131</p>
<p>Beyond Screening: Building a Rolodex of Great Managers 141</p>
<p>Asking the Right Questions of Management 146</p>
<p>Key Takeaways 150</p>
<p>Notes 151</p>
<p>CHAPTER 6 Follow the Leaders: Finding Opportunity in Superinvestor Portfolios 153</p>
<p>Superinvestors Are Super for a Reason 154</p>
<p>Uses and Misuses of Superinvestor Tracking 157</p>
<p>Screening for Companies Owned by Superinvestors 160</p>
<p>The Superinvestors of Buffettsville 163</p>
<p>Beyond Screening: What Makes a Company Attractive to Superinvestors? 171</p>
<p>Key Takeaways 175</p>
<p>Notes 177<br /> <br /> CHAPTER 7 Small Stocks, Big Returns? The Opportunity in Underfollowed Small– and Micro–Caps 179</p>
<p>The Approach: Why It Works 180</p>
<p>Uses and Misuses of Investing in Small Companies 185</p>
<p>Screening for Promising Small– and Micro–Caps 189</p>
<p>Beyond Screening: Other Ways of Finding Compelling Small– and Micro–Cap Ideas 197</p>
<p>Asking the Right Questions of Small–Cap Prospects 207</p>
<p>Key Takeaways 212</p>
<p>Notes 214</p>
<p>CHAPTER 8 Special Situations: Uncovering Opportunity in Event–Driven Investments 215</p>
<p>The Approach: Why It Works 216</p>
<p>Uses and Misuses of Investing in Special Situations 220</p>
<p>Uncovering Special Situations 227</p>
<p>Asking the Right Questions of Special Situations 231</p>
<p>Key Takeaways 236</p>
<p>Notes 237</p>
<p>CHAPTER 9 Equity Stubs: Investing (or Speculating?) in Leveraged Companies 239</p>
<p>The Approach: Why It Works 241</p>
<p>Uses and Misuses of Investing in Equity Stubs 242</p>
<p>Screening for Equity Stubs 251</p>
<p>Beyond Screening: An Ambulance–Chasing Approach 253</p>
<p>Asking the Right Questions of Equity Stubs 257</p>
<p>Key Takeaways 264</p>
<p>Notes 265</p>
<p>CHAPTER 10 International Value Investments: Searching for Value beyond Home Country&nbsp;Borders 267</p>
<p>The Approach: Why It Works 269</p>
<p>Uses and Misuses of Investing in International Equities 272</p>
<p>Screening for International Equities 280</p>
<p>Beyond Screening: Riding the Coattails of Regional Experts 283</p>
<p>Asking the Right Questions of International Equities 285</p>
<p>Key Takeaways 291</p>
<p>Notes 292</p>
<p>References 295</p>
<p>About the Author 303</p>
<p>Index 305</p>