
Peter Cundill's deep-value practice, drawn from his own journals.
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Recommended by: Mohnish Pabrai
Traces the method from Graham through Icahn to the acquirer's multiple.
Recommended by: Mohnish Pabrai, Patrick O'Shaughnessy
How to read financial statements sceptically and value bonds and stocks.
“I've spent more time with all of the editions of Benjamin Graham and David Dodd's Security Analysis than with any other book” — Christopher Bloomstran
Source: Semper Augustus 2024 Letter to Clients, 'Books and Tunes for Walking', p. 95
Recommended by: Christopher Bloomstran, Howard Marks and 11 others
Safe and cheap investing: a security can be both lower-risk and higher-return.
Recommended by: Guy Spier, Mohnish Pabrai, Seth Klarman
Treat stocks as parts of businesses and buy only with a margin of safety.
“I have been accused of telling all my secrets. I have written a number of books, and I reveal them all in these books.” — Benjamin Graham
Source: Graham on revealing everything he knows in his books
Recommended by: Benjamin Graham, Christopher Bloomstran and 27 others
Wiley published it in 2020.
“George has also written a book on value investing, From Theory to Practice, which I highly recommend.” — Prem Watsa
Source: Fairfax Financial 2021 Shareholders' Letter, p. 35
Recommended by: Mohnish Pabrai, Prem Watsa, Joel Greenblatt and 1 other
Topics