![]() ![]() The idea follows from an earlier book "The Checklist Manifesto" by Atul Gawande which suggests that a clear checklist should be followed when performing a particular task to minimize unforced errors and mistakes. The Investment Checklist (Shearn) - Michael Shearn poses 59 questions that an investor should answer before making an initial investment.Also covers common mistake by investors that should be avoided. Introduces the reader to both quantitative and qualitative metrics and patterns to look for that can be monitored over time in order to increase likelihood of investment success. Quality Investing - Owning the Best Companies for the Long Term (Cunningham) - Provides an overview of what to look for when finding good quality companies to invest in.The Five Rules for Successful Stock Investing (Dorsey) - A nice introduction to 5 basic concepts for successful value investing - (1) Perform due diligence and proper vetting of stocks, (2) understand economic moats, (3) work with a margin of safety, (4) be a long term investor, and (5) know when to sell.This methodology has been further refined by numerous others which couples this basic valuation idea with various other metrics and concepts that have shown promising investment results. The approach is simple in formulation and suggests stocks that have high ROE/ROIC metrics coupled with low PE. He is the creator of the Magic Formula that is used to find high quality, undervalued stocks. The Little Book that Still Beats the Market (Greenblatt) - Joel Greenblatt is a professor of finance at Columbia Business School and is the founder of Gotham Asset Management. ![]() Out of the 100+ books on investing that I have read, these 8 are the most useful for the long term value investor: ![]()
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