Table of Contents
Acknowledgments ix
Introduction 1
Chapter 1 What Is Intrinsic Value? 11
Chapter 2 Price Is What You Pay. . . 23
Chapter 3 . . . Value Is What You Get 53
Chapter 4 Follow the Money 71
Chapter 5 Everything Is Number and Ratio 109
Chapter 6 Measuring Value by Taking Snapshots 143
Chapter 7 A Bird in the Hand 169
Chapter 8 The Joy of Dividends 195
Chapter 9 Don’t Get Mad, Get Even 219
Chapter 10 PEG and Friends 229
Chapter 11 What Rate of Return Can I Expect? 241
Chapter 12 Please, Sir, I Want Some More 261
Chapter 13 Forecasting and the Three Most Important Words in Investing 287
Chapter 14 Where Do We Go from Here? 319
Appendix A Relationship between Return on Equity and Growth of Earnings 323
Appendix B Calculations for Discount Methods 325
Notes 333
Glossary 345
About the Author 353
Disclaimer 355
Index 357