MoneySense | Best Value Investing Books For The Holiday Season

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Today, Norm Rothery at MoneySense provides three great value investing reads for the holiday season. I’ve read all three of these books and I have to agree with him.

Here’s an excerpt from Norm’s article posted today:

Christmas is fast approaching and some us aren’t looking forward to all of the shopping, cooking, and cleaning the holiday requires. That’s why, after consuming the last of the figgy pudding, you might want to settle down by the fire to read a nice book.

But instead of rereading the scandalous libel inflicted on poor Ebenezer Scrooge by Charles Dickens, you might opt for some lighter fare in the form of a good book on investing. Here are three recent offerings you should try.

Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations by Tobias E. Carlisle

Deep Value is perhaps the best book on value investing that has been written in recent years. It is filled with stories of about famous, and not so famous, value investors. Mr. Carlisle also makes a strong case for using what he calls the acquirer’s multiple to picks stocks and provides the numbers to back it up. It’s a strong buy for value investors.

Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism
by Jeff Gramm

Mr. Gramm provides the best history of shareholder activism that I’ve had the pleasure of reading. He starts with Benjamin Graham’s gentle nudging of companies in the early part of the twentieth century and moves to more recent times when activists have been much bolder and far less civil. If you’re interested in market history or shareholder activism then this is the book for you.

Quantitative Momentum: A Practitioner’s Guide to Building a Momentum-Based Stock Selection System by Wesley R. Gray and Jack R. Vogel

Messrs. Gray and Vogel take readers on a trip through momentum investing as it applies to stock picking. The book is peppered with insights about what makes momentum tick and it provides empirical studies to back it up. It also reveals the reasons for momentum’s persistence and then heads off to build, and fully reveal, a stock picking system. It’s an excellent primer on the topic.

As an extra bonus, you can now grab a copy of …

Victory Lap Retirement: Work While You Play, Play While You Work – The Joy of Financial Independence…at Any Age by Mike Drak and Jonathan Chevreau

The new book from MoneySense’s former editor came out just a few weeks ago and has some wise words to say about staying engaged and stimulated after achieving financial independence. It’s a new world out there for retirees who should think about retirement as a new beginning rather than an ending.

To read the full article at MoneySense, you can find it here.

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