Christopher Browne, "The Little Book of Value Investing (Audiobook)"
John Bedford Lloyd (Narrator) | Unabridged | Wiley (September 22, 2006) | MPEG-2 Layer 3 48 kbps 22050 Hz | 87 MB | ISBN: 9781427200839 | Duration 8.6 hrs
This primer says that instead of buying stocks for the short-term, when prices have been run up for capricious reasons by the herd, invest for value by buying solid companies that are cheap relative to their book value, earnings, business performance, and other rational factors. The author comes from a lineage of money managers that includes Warren Buffett's partners and teachers, so he has no trouble arguing that people who select stocks in this way can do better than they would investing in an index fund. His examples and illustrations provide a sparkling flow of insights and principles.