Common Stocks and Common Sense, Edgar Wachenheim
Common Stocks and Common Sense, Edgar Wachenheim
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Common Stocks and Common Sense
The Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor

Author: Edgar Wachenheim

Narrator: Christopher Grove

Unabridged: 8 hr 1 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 10/31/2019


Synopsis

Deep insight and candid discussion from one of Wall Street's best investors

Common Stocks & Common Sense provides detailed insight into common stock investing, using a case-study approach based on real-world investments. Author Edgar Wachenheim is the CEO of Greenhaven Associates, boasting an average annual portfolio comparable to Warren Buffet's. In this book, he shares his knowledge and experiences by providing detailed analyses of actual investments made by himself and other investors. The discussion covers the entire investment process, including the softer, human side, with candid insight into the joys and frustrations, intensities and pressures, and risks and uncertainties. The unique emphasis on behavioral economics and real-world cases set this book apart from the herd—but it's Wachenheim himself and his deeply-examined perspective that elevates the book beyond a mere investing guide.

Between 1990 and 2014, a typical portfolio managed by Wachenheim enjoyed an average annual return in excess of 18%, achieved using relatively conservative stocks and no financial leverage. As a proponent of evidence and example, his analysis of real cases serve as a valuable education for anyone looking to improve their own investment practices.

Reviews

Goodreads review by Duy on January 16, 2018

Better than expected. Though the analyses at some cases were simplistic, they still represent the core theses behind each case. Valuation work is also simplified, but in these cases the pitches were so fat that once he understood the qualitative aspect that differed from the market consensus, he was......more

Goodreads review by Trung on April 30, 2020

Great book for people interested in investing in stocks. It was written by Edgar Wachenheim, a fund manager with great track record (18-19% over a relatively long 24-25 years period). The book covers briefly the author's background, what made him motivated to manage money as well as why or how he ha......more

Goodreads review by David on February 08, 2021

The book navigates across the thinkings ot Ed Wachenheim and it does address some important aspects such as watching the history of some markets and not just the business. It is interesting how he takes decisions against the current and becomes success and somehow when written it seems so logical. C......more

Goodreads review by Stephanus on July 24, 2020

very clear explanation of why the author would land on an investment decision why he wouldn't. a good book to read for understanding the fundamentals of inventing......more

Goodreads review by Lily on February 25, 2021

simple & straightforward......more