MODERN VALUE INVESTING · 25 Tools to Invest With a Margin of Safety in Today's Financial Environment by Carlin, Sven -- Read -- Imperial Library of Trantor

Index

Mindset of a value investor Value investing psychology

Defining risk, the value investing way

What is investing risk? A value investing definition of risk Expanding value investing mindset The theory of reflexivity and value investing Shareholder value creation and destruction – earnings, buybacks – corporate management The focus is on the stock price Beware of fees and Wall Street’s interests

Technical value investing The art of business valuation

Valuation can’t be precise TOOL #1 Using a range of values for investment decision making Four steps for determining value TOOL #2 Net present value calculation (NPV) TOOL #3 Liquidation value TOOL #4 Stock market price TOOL #5 Look at what could be the value of the company for a private owner (takeover) Intrinsic value TOOL #6 Measuring Intrinsic Value TOOL #7 Return on invested capital (ROIC) TOOL #8 Growth is a key component of value TOOL #9 The cyclically adjusted price earnings ratio (CAPE)

The margin of safety

Identifying a margin of safety TOOL #10 Cash per share/net cash per share TOOL #11 Dividend sustainability

The business moat

Do not lose money

How to find bargains

Applying the analysis tools on Daimler

Value investing Tools application on Daimler Daimler’s intrinsic values Investing with a margin of safety Sector analysis Is Daimler a value trap?

Beyond value investing Portfolio activities

Portfolio Management & Trading - The Value Investing Way When to sell a stock

Hedging and protection is also valuable

Value investing and hedging

Avoid value traps

10 Rules for catching falling knives

Food for thought

Value investing is not all there is in the world of investing All Weather portfolio Temporal diversification Mediocristan, extremistan and the highly improbable The case for owning a bit of gold miners in your portfolio Personal investing story