The little book of Investing like the pros : five steps for picking stocks
(Book)

Machine generated contents note: About the Authors ix Foreword by Howard Marks xiv Acknowledgments xvii Disclaimer xxi Introduction 1 Chapter One 17 Step I: Idea Generation 17 Screens 20 Bottom-Up Approach 22 Top-Down Approach 58 Chapter Two 69 Step II: Identifying the Best Ideas 69 Idea Review Framework 71 Investment Thesis 75 Business Overview 80 Management 89 Risks & Considerations 94 Financials & Valuation 97 Chapter Three 117 Step III: Business & Financial Due Diligence 117 Business Due Diligence 119 Financial Due Diligence 144 Chapter Four 167 Step IV: Valuation & Catalysts 167 Valuation 169 Market and Intrinsic Valuation 170 Buyout Valuation 190 Catalysts 202 Setting the Price Target 223 Chapter Five 229 Step V: Investment Decision & Portfolio Management 229 Making the Investment Decision 232 Monitor the Investment 239 Portfolio Construction 246 Portfolio & Risk Management 259.

Includes bibliographical references and index.

"As you have probably noticed, there are quite a few investing books out there. Many of them were written by some of the world's greatest investors. So, why should you read our book? Stock investing is more prevalent than ever, whether directly or indirectly through brokerage accounts, exchange-traded funds (ETFs), mutual funds, or retirement plans. Despite this, the vast majority of individual investors have no training on how to pick stocks. And, until now, there hasn't been a truly accessible, easy-to-understand resource available to help them. The Little Book of Investing Like the Pros was written to fill this void. We believe the simplicity and accessibility of our stock picking framework is truly unique. Using real-world examples and actual Wall Street models used by the pros, we teach you how to pick stocks in a highly accessible, step-by-step manner. Our goal is straightforward; to impart the skills necessary for finding high-quality stocks while protecting your portfolio with risk management best practices. Our practical approach is designed to help demystify the investing process, which can be intimidating. This training will help set you apart from others who are largely flying blind. Pilots require extensive training before receiving a license. Doctors must graduate medical school, followed by a multi-year residency. Even those providing professional investment advice require certification. But, anyone can buy a stock without any training whatsoever. While buying stocks on a hunch and a prayer may not endanger your life, it can certainly put your finances at risk"--,Provided by publisher.

"Sales handles: -A PRACTICAL, HANDS-ON APPROACH: Written by two practitioners with a combined banking experience of over 15 years, this text is intended to provide a practical, hands-on approach to investing. -INVESTMENT BANKING HAS A STRONG REPUTATION and has sold over 20,000 copies since its publication. -COMPLEMENTS THE LITTLE BOOK SERIES. Market description: Investors, individual and professional. Students and instructors"--,Provided by publisher.