The Little Book of Value Investing (Little Books. Big Profits) by Christopher H. Browne, Roger Lowenstein

The Little Book of Value Investing (Little Books. Big Profits)



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The Little Book of Value Investing (Little Books. Big Profits) Christopher H. Browne, Roger Lowenstein ebook
Page: 208
ISBN: 0470055892, 9780470055892
Format: pdf
Publisher: Wiley


A new thing for the bookstore to do: not just sell books, but actually create books. To share their forecasts for 2013. First, let me review a little of the history of how we got here. There's so much transfer of taxpayers' money going to for-profit businesses in this morning's [June 6] news that I'd say I'm speechless -- but for the fact those who know me wouldn't believe it. In 1970 Now the enterprise is putting them back on the books, as a result of which it claimed a huge after-tax profit for 2013:Q1. Consider something that "can, potentially, give them [independent, local bookstores] a huge virtual inventory so they can have as many books as Amazon, all in a little bookstore . A key point that Kosman makes in his book is that, in fact, it can be quite profitable for private equity firms to drive the companies they take over into debt, regardless of whether those companies then end up bankrupt. Although the two have very different investing approaches, they came to some of the same conclusions about the future of gold and the companies that could make it through the next cycle. The financial system; we learned it from the Internet bubble, when venture capitalists invested in anything with a .com suffix, cashed out after IPOs, and clueless investors took the hit; and we learned this hard lesson yet again from the real estate bubble. Fannie Mae Subsequently Fannie got into the business of buying loans that were not guaranteed by FHA, as well as issuing its own guarantees on bundles of other loans that it put together and resold to private investors. The company has done a very good job cutting some deals on some assets while focusing on other assets that have been cheaper to move forward, thereby getting a lot of value from a little bit of money in the ground. $24B/yr interest spread profit on a $3T book is 0.8%.

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