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Value Investing: Tools and Techniques for Intelligent Investment

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"A must read for all students of the financial markets . . . clear insight and spirited good humor [backed] up with cold hard facts." —Seth Klarman, President, The Baupost Group LLC


The seductive elegance of classical finance theory is powerful, yet value investing requires that we reject both the precepts of modern portfolio theory (MPT) and pretty much all of its tools and techniques. In this important new book, highly respected and controversial value investor and behavioral analyst J...