Friday, March 31, 2006

Value Investing with the Masters by Kirk Kazanjian :: Book review

Value Investing with the Mastersby Kirk Kazanjian sits on my bookshelf. For this book, Kirk Kazanjian interviewed 20 master value investors who run publicly traded mutual funds. The subjects include Cristopher Browne from the Graham and Dodd investment shop of Tweedy Browne, David Dreman of Dreman Value Management, to William Miller of the Legg Mason Value Trust. Each of these successful managers has a track record and a deep personal belief in the merits of a value discipline.

Each person brought their own perspective to how they determine value in the stock market. I learned the most from seeing what was common and what was different in each of the investment manager’s philosophy. Different managers can look at the same situation and see different outcomes. Understanding the thought process behind their investment choices has helped me become more aware of my thinking on what makes a good investment. Value Investing with the Masters, has helped me develop a personal framework and perspective on investment issues. This is helpful and makes the book valuable. This book complements other books on investment theory and philosophy, and I recommend it everyone who considers them self a value investor.


At April 02, 2006 8:46 PM, Blogger Loi Tran said...

I've read this book and I really liked it. A lot of the value managers do not like index investing because they know they can do better.


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