The Value Investors: Lessons from the World's Top Fund Managers

The Value Investors: Lessons from the World's Top Fund Managers book cover

The Value Investors: Lessons from the World's Top Fund Managers

Author(s): Ronald Chan (Author), Bruce C. N. Greenwald (Foreword)

  • Publisher: Wiley
  • Publication Date: 12 Oct. 2012
  • Edition: 1st
  • Language: English
  • Print length: 250 pages
  • ISBN-10: 1118339290
  • ISBN-13: 9781118339299

Book Description

Investing legend Warren Buffett once said that “success in investing doesn’t correlate with I.Q. once you’re above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”

In an attempt to understand exactly what kind of temperament Buffett was talking about, Ronald W. Chan interviewed 12 value-investing legends from around the world, learning how their personal background, culture, and life experiences have shaped their investment mindset and strategy. The Value Investors: Lessons from the World’s Top Fund Managers is the result.

From 106-year-old Irving Kahn, who worked closely with “father of value investing” Benjamin Graham and remains active today, and 95-year-old Walter Schloss (described by Warren Buffett as the “super-investor from Graham-and-Dodsville”), to the co-founders of Hong Kong-based Value Partners, Cheah Cheng Hye and V-Nee Yeh, and Francisco García Paramés of Spain’s Bestinver Asset Management, Chan chose investment luminaries to help him understand the international appeal – and success – of value investing. All of these men became strong advocates of the approach despite considerable age and cultural differences. Chan finds out why.

In The Value Investors, readers will also discover how these investors, each of whom has a unique value perspective, have consistently beaten the stock market over the years. Do they share a trait that allows this to happen? Is there a winning temperament that turns the ordinary investor into an extraordinary one? This book answers these questions and more.

Editorial Reviews

Review

September 26, 2012

The Rational Walk

Book Review: The Value Investors by Ronald Chan

September 11, 2012

Seeking Alpha

Book Review: Ronald W. Chan’s The Value Investors

September 3, 2012

bobmorris.biz

The Value Investors: A book review by Bob Morris

From the Inside Flap

INTERVIEWS WITH:

  • Mark Mobius
  • William Browne
  • Francisco García Paramés
  • Shuhei Abe
  • Irving Kahn
  • Thomas Kahn
  • Anthony Nutt
  • V-Nee Yeh
  • Walter Schloss
  • Jean-Marie Eveillard
  • Teng Ngiek Lian
  • Cheah Cheng Hye

Praise for The Value Investors

“Ronald Chan’s book contains two of my favorite subjects—investing and biographies. Seeing them combined in such a flowing format is very enjoyable.”
Donald Yacktman, President and Co-Chief Investment Officer, Yacktman Asset Management Co.

“With wisdom, perspective, insight, pragmatism, and emotional intelligence, Ronald Chan delivers invaluable and timeless guidance that individual and institutional investors all over the world can effectively apply to improve their investment performance.”
David M. Darst, CFA, Managing Director and Chief Investment Strategist, Morgan Stanley Smith Barney

“Ronald Chan’s interviews with leading value investors bring forth outstanding investing insights. The investors explain their successful approaches and provide examples to learn from. I recommend this book to all investors, small or large, novice or experienced.”
Prem C. Jain, McDonough Professor of Accounting and Finance, Georgetown University, and author of Buffett Beyond Value

From the Back Cover

Investing legend Warren Buffett once said that “success in investing doesn’t correlate with I.Q. once you’re above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”

In an attempt to understand exactly what kind of temperament Buffett was talking about, author Ronald Chan interviewed twelve value-investing legends from around the world, learning how their personal background, culture, and life experiences have shaped their investment mindset and strategy. The Value Investors: Lessons from the World’s Top Fund Managers is the result.

From 106-year-old Irving Kahn, who worked closely with the “father of value investing” Benjamin Graham and remains active today; and 95-year-old Walter Schloss, described by Warren Buffett as the “super-investor from Graham-and-Doddsville;” to Cheah Cheng Hye and V-Nee Yeh, the cofounders of Hong Kong-based Value Partners; and Francisco García Paramés of Spain’s Bestinver Asset Management; author Ronald Chan chose investment luminaries to help him understand the international appeal—and success—of value investing. All of these individuals became strong advocates of the approach despite considerable age and cultural differences. Here, Chan finds out why.

In The Value Investors, readers will also discover how these investors, each of whom has a unique value perspective, have consistently beaten the stock market over the years. Do they share a trait that allows this to happen? Is there a winning temperament that turns the ordinary investor into an extraordinary one? This book answers these questions and much more.

About the Author

Ronald W. Chan is the founder of Chartwell Capital Limited, an investment manage- ment company based in Hong Kong. He is a frequent contributor to financial newspapers and magazines in the Asia-Pacific region, and is the author of Behind the Berkshire Hathaway Curtain: Lessons from Warren Buffett’s Top Business Leaders (Wiley). Chan received bachelor of science degrees in finance and accounting from the Stern School of Business at New York University.

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