CONTENTS Forewordxi Introductionxiii Part I: Value Investing 1. Seeing Through the Hype3 2. Speculation Versus Investing6 3. Semi-Efficient Markets10 4. Torturing Data31 5. Baubles and Bubbles45 6. Intrinsic Value61 7. Investment Benchmarks79 8. The Conservation of Value111 9. We're Only Human124 Part II: Value Investing Applied 10. The Right Attitude147 11. KISS158 12. Timing the Market169 13. Picking Stocks176 14. Closed-End Funds 200 15. Special Opportunities214 16. Investing in Your Home241 Appendix to Chapter 16259 Afterword: Summing It Up263 References271 Index293
Gary Smith, Ph.D., is a professor of economics at Pomona College. His research has been featured in The New York Times, The Wall Street Journal, Forbes, Motley Fool, Newsweek, and BusinessWeek.
..".Smith became an independently wealthy multimillionaire by investing in stocks. In his new book he reveals how smart value investing made that happen." --Think Advisor