Common Stocks and Common Sense

There are many books on investing that describe investment principles and strategies this is not one of them. Following the same case-based pedagogy he learned from at the Harvard Business School, value- investing giant Ed Wachenheim illustrates how powerful principles and strategies for protecting and growing capital are employed in actual investment situations through personally selected trades made by his company, Greenhaven Associates, over its storied history. Inside Common Stocks and Common Sense, you gain privileged access to the everyday investing approaches and strategies guiding one of the preeminent investment firms on Wall Street, as well as the research, analysis, models, and decision process used by its distinguished portfolio managers. In addition to going up close to how masters of the markets operate and draw wealth from opportunity, this practitioner's guide also delves into the behavioral side of investing, including the human emotions, pressures, and disappointments threatening every investor's chances at making a profit from transactions with inherent, and sometimes unseen, uncertainties and risks. The author ties his revealing collection of investment wisdom together with his own brilliantly crafted narrative that exposes a deeper level of connectivity among the case studies, highlighting the distinctive reasons for his remarkable success. This valuable guide immediately gives you a competitive advantage in the markets because it gives you information unavailable anywhere else, including: Unparalleled, conversational explanations of little-known situations where elite investors made the wrong decisions and how they responded Actionable guidance for developing the same mindset and skills that earn a typical portfolio an average annual return in excess of eighteen percent, with conservative stocks and no leveraging The author's personal twenty-five strategies to use and pitfalls to avoid to become a wealthy value investor The collective wisdom of Common Stocks and Common Sense reveals the daily routines of experienced investors to inform and improve your own investment strategies.